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City · 7,449 residents · Citrus County, Florida

Inverness Highlands South , Florida

In Inverness Highlands South, a typical home is worth $216,800 and typical rent is $1,289 a month. Compared with all of Citrus County, typical rent is 16% higher and the typical home value is 12% lower.

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  • Typical home value

    $216,800

    12% below the county

    40% below Florida

    • Inverness Highlands South
    • Citrus
    • Florida

  • Typical rent

    $1,289a month

    16% above the county

    23% below Florida

    • Inverness Highlands South
    • Citrus
    • Florida

  • Typical household income

    $60,750a year

    7% above the county

    19% below Florida

    • Inverness Highlands South
    • Citrus
    • Florida

  • Households that own their home

    89%

    4 points above the county

    21 points above Florida

    • Inverness Highlands South
    • Citrus
    • Florida

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

Inverness Highlands South 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 Inverness Highlands South apart

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

  1. Nearby, in Inverness, the typical rent is $975: 24% less than in Inverness Highlands South ($1,289).

  2. Nearby, in Beverly Hills, the typical home value is $164,500: 24% less than in Inverness Highlands South ($216,800).

  3. The typical rent in Inverness Highlands South is $1,289 a month, 16% more than in Citrus County as a whole ($1,107).

  4. Inverness Highlands South has the 40th highest homeownership rate of the 481 cities in Florida with more than 5,000 people (89%).

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

The homes here

Housing in Inverness Highlands South

What homes there are in Inverness Highlands South, 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

In Inverness Highlands South, 9 in 10 homes are single-family detached houses; in Citrus County, 7.

Year built

The typical home in Inverness Highlands South was built in 1985, 5 years before the typical one in Citrus County.

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

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Inverness Highlands South sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,173 a month

Citrus County: $1,354 a month

Without a mortgage

$412 a month

Citrus County: $447 a month

Owners with a mortgage

56%

Citrus County: 45%

In Inverness Highlands South, 56% of owners have a mortgage, and their typical cost is $1,173 a month, against $1,354 in Citrus County. Without one it drops to $412.

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

Since 2015–2019, homes in Inverness Highlands South gained value faster than in Citrus County: 94% against 87%.

Since 2015–2019, the typical rent in Inverness Highlands South rose 35%, more than in Citrus County (31%).

The typical household income in Inverness Highlands South rose 42% over that time; home values changed +94% and rent +35%.

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

MeasureInverness Highlands SouthCitrus 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 2.372.242.512.53
Drive alone 80%74%70%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home Unreliable estimate14%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.37 on average, against 2.24 in Citrus County.

To get to work, 80% of workers in Inverness Highlands South 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 Inverness Highlands South?

A typical home is tight for the typical income

We start with a typical home in Inverness Highlands South, worth $216,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Inverness Highlands South, which is $60,750 a year. For that payment to be 28% of income, a household would need to earn about $73,346 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 Inverness Highlands South. 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 $7,588 (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

$1,711

at 7.18% · 30 years

Loan amount
$212,873
Total interest
$306,275
Paid off in
November 2056

Includes $3,661 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,418 a month

  • Tight

    $1,418 to $1,823 a month

    Your payment · 34%

  • Hard

    more than $1,823 a month

Compared with the typical household income in Inverness Highlands South ($60,750 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,711
Principal & interest$1,442
Property tax$83
Home insurance$90
FHA mortgage insurance (MIP)$96

You need at least $7,588 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

Inverness Highlands South and Citrus County

Inverness Highlands South 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).

Inverness Highlands South's own numbers

Typical home value
$216,800
Typical monthly rent
$1,289
Typical yearly household income
$60,750
Households that own their home
89%
Effective property tax rate
0.46%

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 Inverness Highlands South

A typical home in Inverness Highlands South is worth $216,800: 12% below the county and 40% below Florida. With the typical household income in Inverness Highlands South ($60,750 a year), a typical home costs 3.6 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.

  • Inverness Highlands South 3.6 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

Inverness Highlands South 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
  • Inverness Highlands South $216,800
  • Citrus $245,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Inverness Highlands South $1,289
  • Citrus $1,107
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Inverness Highlands South $60,750
  • Citrus $56,546
  • Florida $74,568
  • United States $80,734
See the full table
Inverness Highlands South next to Citrus County and Florida
Measure Inverness Highlands South Citrus County Florida U.S.
Typical home value $216,800 $245,500 $359,000 $332,700
Typical monthly rent $1,289 $1,107 $1,669 $1,413
Typical yearly household income $60,750 $56,546 $74,568 $80,734
Households that own their home 89% 85% 68% 65%
Typical yearly property tax $1,008 $1,430 $2,730 $3,119
Effective property tax rate 0.46% 0.58% 0.76% 0.94%
Renters with high rent for their income 62% 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 Inverness Highlands South

For a typical $216,800 home in Inverness Highlands South, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Inverness Highlands South's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,711a month

    Least cash to close
    Down payment
    $7,588
    Cash to close
    $14,092
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $96

  • Conventional, 5% down $1,672a month

    Down payment
    $10,840
    Cash to close
    $17,344
    Rate
    7.18%
    Mortgage insurance
    PMI · $103

  • Conventional, 20% down, no PMI $1,348a month

    Down payment
    $43,360
    Cash to close
    $49,864
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,549a month

    Down payment
    $32,520
    Cash to close
    $39,024
    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 Inverness Highlands South and for Citrus County.

Property tax

Effective rate in Inverness Highlands South

0.46%of the home’s value each year

$1,008 a year for the typical owner in Inverness Highlands South.

  • Inverness Highlands South 0.46%
  • 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 Inverness Highlands South

Typical rent in Inverness Highlands South is $1,289 a month: 16% above the county. In Inverness Highlands South, 62% 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 Inverness Highlands South

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Inverness Highlands South is in ZIP code 34452.

For 2 bedrooms it is $1,260: $66 more than the fair market rent for Citrus County ($1,194).

  • 34452 $1,260$1,740

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Inverness Highlands South 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?

Free help

Help to buy or rent in Inverness Highlands South

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 grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Inverness Highlands South

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

Which programs do I qualify for? All programs in Florida

Housing counselors near Inverness Highlands South

The HUD-approved agencies closest to the center of Inverness Highlands South, 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 · 3 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 · 9 miles away

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

  • Ocala Housing Authority

    1629 NW 4th St, Ocala · 29 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 Inverness Highlands South

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 Inverness Highlands South

HUD’s record names them for Inverness Highlands South 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 Inverness Highlands South, 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 Inverness Highlands South.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Inverness Highlands South

Short answers with the numbers for Inverness Highlands South 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 Inverness Highlands South?

The typical home value in Inverness Highlands South is $216,800, 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 Inverness Highlands South?

Typical rent in Inverness Highlands South is $1,289 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 Inverness Highlands South?

Inverness Highlands South 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 Inverness Highlands South?

The typical homeowner in Inverness Highlands South pays $1,008 a year, according to the U.S. Census Bureau. That is 0.46% of the home’s value; in Citrus County, the rate is 0.58%.

Where can I find free help to buy or rent in Inverness Highlands South?

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).