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Hernando County, FL

RANK #979 / 996  ·  POP 196,621  ·  FL

PROJECTED GROWTH: -4.3%

Hernando County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Hernando County?

Hernando County, Florida, often called "Florida's Adventure Coast," is distinguished by its natural springs and extensive outdoor recreation opportunities. Located on Florida's central-west coast, roughly 45 minutes north of Tampa, the county offers a quieter, more suburban feel compared to its bustling southern neighbor. Weeki Wachee Springs State Park, famous for its mermaid shows since 1947, is a notable landmark. The county boasts numerous parks, preserves, and state lands, including portions of the Withlacoochee State Forest, providing trails for hiking, biking, and horseback riding. Kayaking and paddling are popular on the Weeki Wachee River and at Jenkins Creek Park, where manatees and sea turtles can be observed.

Life in Hernando County appeals to a mix of families and retirees, drawn by the natural surroundings and a less congested environment. Public transportation, known as "TheBus," offers fixed routes and ADA-compliant services, with recent expansions to coastal areas like Pine Island Park. The local economy is seeing investment in commercial and residential development, as well as in sectors like aviation, aerospace, manufacturing, and logistics. The Brooksville–Tampa Bay Regional Airport & Technology Center is a focus for economic growth, with ongoing infrastructure projects aimed at attracting businesses and creating jobs.

[02] Market Snapshot

Housing Ratio
7.5x

Overvalued relative to economy

GDP Growth
+5.5%

Well above national median

Home Prices
-3.3%

Prices declining

Climate & Terrain
3.7

Favorable climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 7.5x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hernando County U.S. National

The Numbers

DEMOGRAPHICS
Population
196,621
+2.34% YoY
Median Household Income
$59,202
Median Home Value
$214,700
-3.32% 12mo
Median Rent
$1,155
Average Annual Pay
$50,502
+6.4% YoY
Employment
50,853
+2.4% YoY
Income-to-Home-Value
0.2757
More affordable than average
Migration Inflow
4.66%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$327,950
Days on Market
80
Slower market
Months of Supply
5.1
Buyer's market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
13.6%
Listings w/ Price Drops
35.8%
Building Permits (2024)
2,505
Single-Family Permits
2,187

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$215M
TOTAL
PROJECT AMOUNT STATUS
Cabot Citrus Farms (Golf Resort)
Cabot
$100M Under Construction
Rattler Solar Plant
Duke Energy Florida, LLC & Florida A&M University
$75M Under Construction
Amazon Last-Mile Warehouse
Amazon
$40M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.5% 87 percentile
Population Growth +2.3% 91 percentile
Income Growth +11.1% 91 percentile
Vacancy Rate 1.2% 41 percentile
Home Price Change -3.3% 8 percentile
Rent Growth -1.6% 3 percentile
Price/Rent 10x 93 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hernando County, FL a good place to move to?

Hernando County has a Boom Town Index score of 2/100, ranking #979 among 996 U.S. counties. With job growth at +2.4% and a median household income of $59,202, it faces some economic headwinds compared to faster-growing counties.

Is Hernando County affordable?

The median home value in Hernando County is $214,700 with median rent at $1,155/month. The income-to-home-value ratio is 0.2757, which is more affordable than the national average.

Is Hernando County growing or shrinking?

Population growth: +2.3% year-over-year. Job growth: +2.4%. Home values changed -3.3% in the past 12 months.

Are people moving to Hernando County?

Yes — 4.66% of Hernando County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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