Hernando County, FL

Comprehensive housing, income, and cost of living data for Hernando County, Florida. Population: 196.6K.

Median Home Price
$311.4K

Based on 10 cities

Median Household Income
$63.2K

Annual household income

Price-to-Income Ratio
4.9x

Moderately affordable

Salary Needed to Buy
$79.2K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,732

Average annual amount

Effective Tax Rate
0.56%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,575
Property Tax$144
Insurance$130
Total Monthly$1,849
Historical Home Prices
2015
$123.8K
2016
$139.4K
+12.6%%
2017
$154.9K
+11.1%%
2018
$170.0K
+9.8%%
2019
$182.1K
+7.1%%
2020
$205.7K
+13.0%%
2021
$262.9K
+27.8%%
2022
$319.6K
+21.6%%
2023
$318.5K
-0.3%%
2024
$317.7K
-0.3%%
2025
$305.6K
-3.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.2%%

Below national average

Population Density
416

People per square mile

Homicide Rate
3.8

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
73.4%
Black
4.7%
Hispanic
16.1%
Asian
1.4%
Two or More Races
3.3%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
72°F

Annual average

Sunny Days
213

Days per year

Annual Rainfall
52.0"

Inches per year

Natural Disaster Risk
High Risk

Score: 88/100

January Low
21°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

What is the median home price in Hernando County, FL?

The median home price in Hernando County, Florida is $311.4K. The price-to-income ratio is 4.9x, meaning the median home costs 4.9 times the median household income.

What salary do you need to buy a home in Hernando County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $79.2K per year to buy the median home in Hernando County, FL. Monthly housing costs break down to $1,575 for mortgage, $144 for property tax, and $130 for insurance.

What is the property tax rate in Hernando County?

The effective property tax rate in Hernando County is 0.56%, which comes to approximately $1,732 per year on the median home.

What is the median household income in Hernando County?

The median household income in Hernando County, Florida is $63.2K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.2%%.

Is Hernando County a good place to live?

Hernando County, Florida has a population of 196.6K. Housing affordability is moderate with a price-to-income ratio of 4.9x. The climate averages 72 degrees F with 213 sunny days per year. Compare Hernando County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.