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City · 9,299 residents · Citrus County, Florida

Hernando , Florida

In Hernando, a typical home is worth $209,700 and typical rent is $964 a month. Compared with all of Citrus County, typical household income is 24% lower and the typical home value is 15% lower.

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  • Typical home value

    $209,700

    15% below the county

    42% below Florida

    • Hernando
    • Citrus
    • Florida

  • Typical rent

    $964a month

    13% below the county

    42% below Florida

    • Hernando
    • Citrus
    • Florida

  • Typical household income

    $43,076a year

    24% below the county

    42% below Florida

    • Hernando
    • Citrus
    • Florida

  • Households that own their home

    85%

    About the same as the county

    17 points above Florida

    • Hernando
    • Citrus
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$350,295
0.6% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hernando is in Citrus County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Citrus County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hernando apart

What this place has that others do not, from public data, most unusual first.

  1. Hernando has the 18th lowest typical household income of the 480 cities in Florida with more than 5,000 people ($43,076).

  2. Hernando has the 18th lowest typical rent of the 471 cities in Florida with more than 5,000 people ($964).

  3. Hernando has the 19th largest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (78%).

  4. Nearby, in Beverly Hills, the typical home value is $164,500: 22% less than in Hernando ($209,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hernando

What homes there are in Hernando, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Hernando, but it weighs less than in Citrus County: 53% against 70%.

In Hernando there are many mobile homes: 44% of homes; in Citrus County, 21%.

Year built

In Hernando, half of the homes were built before 1986; in Citrus County, before 1990.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Citrus County is high ($541,287): at least 96% of owner-occupied homes in Hernando are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,333 a month

Citrus County: $1,354 a month

Without a mortgage

$368 a month

Citrus County: $447 a month

Owners with a mortgage

43%

Citrus County: 45%

The typical cost for an owner with a mortgage in Hernando is $1,333 a month, near the figure in Citrus County ($1,354).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Hernando rose 135% since 2015–2019, more than in Citrus County (87%).

The typical rent in Hernando rose 41% over the same time; in Citrus County, it rose 31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHernandoCitrus CountyFloridaUnited States
Rental vacancy Unreliable estimate8.1%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room Unreliable estimate1.7%3.3%3.4%
People per household 2.092.242.512.53
Drive alone 75%74%70%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 15%14%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Hernando are smaller: 2.09 people on average; in Citrus County, 2.24.

To get to work, 75% of workers in Hernando drive alone; in Citrus County, 74%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hernando?

A typical home costs more than the typical income allows

We start with a typical home in Hernando, worth $209,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Hernando, which is $43,076 a year. For that payment to be 28% of income, a household would need to earn about $71,693 a year.

The calculator's FHA and conventional loan limits are those of all of Citrus County.

Your numbers

Local data
$

Starts at the typical home value in Hernando. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,340 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,673

at 7.18% · 30 years

Loan amount
$205,901
Total interest
$296,244
Paid off in
November 2056

Includes $3,541 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,005 a month

  • Tight

    $1,005 to $1,292 a month

  • Hard

    more than $1,292 a month

    Your payment · 47%

Compared with the typical household income in Hernando ($43,076 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,673
Principal & interest$1,395
Property tax$98
Home insurance$87
FHA mortgage insurance (MIP)$93

You need at least $7,340 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hernando and Citrus County

Hernando is in Citrus County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hernando's own numbers

Typical home value
$209,700
Typical monthly rent
$964
Typical yearly household income
$43,076
Households that own their home
85%
Effective property tax rate
0.56%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Citrus County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,194
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
15%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Citrus County.

Everything about Citrus County

Buying

Buying a home in Hernando

A typical home in Hernando is worth $209,700: 15% below the county and 42% below Florida. With the typical household income in Hernando ($43,076 a year), a typical home costs 4.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hernando 4.9 years
  • Citrus 4.3 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Citrus County

According to FHFA’s house price index, home prices in Citrus County rose 157% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Citrus County.

Period County Florida U.S.
Last year (2025) +1.0% −0.5% +2.9%
5 years (2020–2025) +66% +60% +47%
10 years (2015–2025) +157% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hernando next to Citrus County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hernando $209,700
  • Citrus $245,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Hernando $964
  • Citrus $1,107
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Hernando $43,076
  • Citrus $56,546
  • Florida $74,568
  • United States $80,734
See the full table
Hernando next to Citrus County and Florida
Measure Hernando Citrus County Florida U.S.
Typical home value $209,700 $245,500 $359,000 $332,700
Typical monthly rent $964 $1,107 $1,669 $1,413
Typical yearly household income $43,076 $56,546 $74,568 $80,734
Households that own their home 85% 85% 68% 65%
Typical yearly property tax $1,172 $1,430 $2,730 $3,119
Effective property tax rate 0.56% 0.58% 0.76% 0.94%
Renters with high rent for their income 78% 56% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Citrus County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hernando

For a typical $209,700 home in Hernando, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hernando's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,673a month

    Least cash to close
    Down payment
    $7,340
    Cash to close
    $13,631
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $93

  • Conventional, 5% down $1,634a month

    Down payment
    $10,485
    Cash to close
    $16,776
    Rate
    7.18%
    Mortgage insurance
    PMI · $100

  • Conventional, 20% down, no PMI $1,322a month

    Down payment
    $41,940
    Cash to close
    $48,231
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,516a month

    Down payment
    $31,455
    Cash to close
    $37,746
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hernando and for Citrus County.

Property tax

Effective rate in Hernando

0.56%of the home’s value each year

$1,172 a year for the typical owner in Hernando.

  • Hernando 0.56%
  • Citrus 0.58%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Citrus County

FEMA does not publish these numbers by city: they are for all of Citrus County.

Homes in the high-risk zone
15%
12,092
Of those, with NFIP insurance
39%
County Florida U.S.
Homes in the high-risk zone 15% 13% 3.5%
Of those, with NFIP insurance 39% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hernando

Typical rent in Hernando is $964 a month: 13% below the county. In Hernando, 78% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Citrus County, by unit size. To pay the 2-bedroom one ($1,194 a month) without spending more than 30% of your income, you would need to earn $22.96 an hour working full time.

HUD fair market rent for all of Citrus County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $985 $18.94 $39,400
1 bedroom $988 $19.00 $39,520
2 bedrooms $1,194 $22.96 $47,760
3 bedrooms $1,653 $31.79 $66,120
4 bedrooms $1,993 $38.33 $79,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hernando

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hernando is in ZIP code 34442.

For 2 bedrooms it is $1,110: $84 less than the fair market rent for Citrus County ($1,194).

  • 34442 $1,110$1,540

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hernando when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hernando

HUD lists one building with rents for lower incomes in Hernando.

  • Forest Ridge 2757 N Forest Ridge Blvd, Hernando 34442 119 low-income homes · 1 bd: 89 · 2 bd: 30 · In service since 2015 · For families

See all 10 buildings in Citrus County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hernando

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Citrus County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Hernando

No down payment, repair or rent-help program on our list is for Hernando or Citrus County. The ones below are statewide in Florida: they work in Hernando the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Hernando

The HUD-approved agencies closest to the center of Hernando, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Legal Services of Mid-Florida, Inc. - Inverness Office

    106 N Osceola Ave, Inverness · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (386) 255-6573

  • University of Florida/Florida Cooperative Extension - Citrus County Cooperative Extension Service

    3650 W. Sovereign Path, Ste. 1, Lecanto · 11 miles away

    • Budget and financial counseling
    • Homebuyer education workshops
    (352) 527-5700

  • Ocala Housing Authority

    1629 NW 4th St, Ocala · 22 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (352) 369-2636

Every agency in Citrus County All counseling agencies in Florida

Help in Spanish near Hernando

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hernando

HUD’s record names them for Hernando or Citrus County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Florida Source: HUD

Cities

Other cities in Citrus County

These cities are also in Citrus County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Citrus County Housing in Florida

Nearby cities

The cities closest to Hernando, with the typical home value.

Neighboring counties

If Citrus County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hernando.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Hernando

Short answers with the numbers for Hernando and all of Citrus County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hernando?

The typical home value in Hernando is $209,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Citrus County it is $245,500.

How much does it cost to rent in Hernando?

Typical rent in Hernando is $964 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Citrus County is $1,194.

What is the FHA loan limit in Hernando?

Hernando uses the FHA limit for all of Citrus County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hernando?

The typical homeowner in Hernando pays $1,172 a year, according to the U.S. Census Bureau. That is 0.56% of the home’s value; in Citrus County, the rate is 0.58%.

Where can I find free help to buy or rent in Hernando?

There are 2 HUD-approved counseling agencies with an office in Citrus County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).