Hernando County, Florida Housing Market
In Hernando County, Florida, the median home value is $276,000, with a median monthly rent of $1,298. This places Hernando County at #746 nationally out of 3134 counties by median home value, and #34 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $973
- Establishments: 4,602
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,734
- Multi-family: 241
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 85,281 (avg $60,766)
- Outflow: 76,543 (avg $59,607)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Hernando County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 34602 | 351.2 | +1.82% | 2025 |
| 2 | 34607 | 342.3 | -9.11% | 2025 |
| 3 | 33523 | 347.8 | +3.78% | 2025 |
| 4 | 34614 | 338.6 | +4.43% | 2025 |
| 5 | 34604 | 372.6 | +2.66% | 2025 |
| 6 | 34608 | 355.4 | -1.89% | 2025 |
| 7 | 34606 | 366.5 | -2.23% | 2025 |
| 8 | 34609 | 324.8 | -0.68% | 2025 |
| 9 | 34613 | 320.6 | +4.16% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
How Hernando County Compares
| Metric | Hernando County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $276,000 | $284,325 | $227,706 |
| Median Gross Rent | $1,298 | $1,303 | $968 |
| Owner Occupancy Rate | 82.5% | 74.6% | 73.3% |
| Price/Rent Ratio | 17.7 | 17.6 | 18.7 |
Market Analysis
The median home value in Hernando County is 2.9% below the Florida state average and 21.2% above the U.S. national average. The median rent of $1,298/month is about equal to the state average.
With a price-to-rent ratio of 17.7, the buy-vs-rent decision in Hernando County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hernando County has an owner-occupancy rate of 82.5%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Effingham County | Georgia | $276,000 | $1,147 |
| Clay County | Missouri | $275,600 | $1,243 |
| Harris County | Texas | $276,600 | $1,401 |
| Charlevoix County | Michigan | $276,800 | $949 |
| St. Louis County | Missouri | $276,800 | $1,209 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Franklin County | $273,300 | $1,049 | 80.9% |
| Polk County | $266,500 | $1,363 | 70.5% |
| Alachua County | $288,800 | $1,339 | 54.1% |
| Wakulla County | $258,300 | $1,108 | 81.9% |
| Escambia County | $257,200 | $1,321 | 64.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).