Hernando Housing Information
| Index | Hernando | Florida | National |
| Median home price | $85,600 | $166,800 | $184,700 |
| Median rent asked | $639 | $1,032 | $949 |
| Avg. people per household | 2.4 | 2.6 | 2.6 |
| Owner occupied households | 84.6% | 64.8% | 63.6% |
| Renter occupied households | 15.4% | 35.2% | 36.4% |
Hernando Home Affordability
When deciding where to purchase Hernando, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Hernando, FL the median home price is $85,600 and $30,218 is the median household income. As a result, the home price to income ratio in Hernando, FL is 2.8x, which is 17% lower than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Hernando, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Hernando, FL.Nearby cities with low home prices
| City, State | Population | Home Price | National Avg. |
| Beverly Hills, FL | 9,073 | $66,100 | 64% |
| Homosassa Springs, FL | 13,273 | $72,000 | 61% |
| Lake Panasoffkee, FL | 3,376 | $79,300 | 57% |
| Dunnellon, FL | 1,910 | $82,200 | 55% |
| Inverness Highlands North, FL | 2,596 | $85,900 | 53% |
| Hernando, FL | 9,300 | $85,600 | 54% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Moncks Corner, SC | 9,300 | $176,800 | 4% |
| Presque Isle, ME | 9,298 | $102,600 | 44% |
| Greenwood, AR | 9,296 | $128,500 | 30% |
| Mound, MN | 9,306 | $225,200 | 22% |
| The Village, OK | 9,310 | $119,200 | 35% |
| Hernando, FL | 9,300 | $85,600 | 54% |