Hernando, Florida Real Estate & Housing Market

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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%

The above shows an overview of the real estate market in Hernando, FL. Note how the median home price for Hernando, FL runs $85,600, which is 49% lower than the average property price for Florida. So you’re going to get real estate in Hernando, FL that is on-average more affordable than what you’ll find in the rest of Florida. As for rent, the median for Hernando, FL runs $639, which is comparatively 38% lower than the average rent for Florida. For Hernando, FL, about 84.6% of the population consist of home owners with about 2.4 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Hernando, FL offers a wide variety of real estate. To find your perfect home in Hernando, FL, filter your choice by price, location, and number of beds and baths using the search area above.

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%

Source: The Hernando, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).