Hernando, FL—34442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hernando, FL
As of Oct '25, the median home price in Hernando, FL is $357,000, with a year-over-year change of -4.3%. This indicates that home prices in Hernando, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $357,000 | -4.3% |
| Single Family | $369,000 | -4.2% |
| Condos | $153,000 | -10.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $130,000 | -13.9% |
2 Bed | $226,000 | -5.4% |
3 Bed | $387,000 | -4.2% |
4 Bed | $512,000 | -3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hernando, FL
As of July '25, Rentcast reports the average rent in Hernando, FL is $2,080, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Hernando, FL is 1-bedrooms: $1,000, 2-bedrooms: $1,680, 3-bedrooms: $2,700, 4-bedrooms: $2,200. The most common rental property sizes in Hernando, FL are 2-bedroom and 3-bedroom, accounting for 64.7% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $2,600 | $2,700 |
| 4 Bed Rent | $1,900 | $2,200 |
% of Rental Stock
Property Listings — Hernando, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hernando, FL is 81. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $405,000 | -5.0% |
Listing Count | 237 | 17.0% |
| Listings as % of Homes | 1.4% | 17.0% |
Days on Market | 81 | 3.0% |
Demographics — Hernando, FL
As of the latest ACS Survey released in 2023, Hernando, FL has a population of 16,400, which has increased by 17.2% over the past 5 years. Hernando, FL is a less popular place for families, as children make up 9.7% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 17.2% |
% Under 18 | 9.7% | -6.7% |
% Seniors | 51.3% | 11.3% |
% WFH | 16.1% | 75.0% |
% w/ College Degree | 26.9% | -0.7% |
As of the latest ACS Survey released in 2023, Hernando, FL is a predominantly white area, with 89.9% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Hernando, FL is hispanic, making up 3.8% of the population. Foreign-born residents account for 7.5% of the population in Hernando, FL, and this percentage has increased by 2.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | 7.2% |
% Black | 1.9% | -29.6% |
% Hispanic | 3.8% | -29.6% |
% Asian | 2.5% | -59.0% |
% Foreign Born | 7.5% | 2.7% |
Mortgage and Risk — Hernando, FL
According to HUD data as of 2023, there were 330 mortgage originations in Hernando, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Hernando, FL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 330 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hernando, FL
As of 2024, the percent of homes in Hernando, FL under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hernando, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,000 | $870 |
| 2 Bedroom | -$510 | $1,600 | $1,090 |
| 3 Bedroom | -$1,070 | $2,600 | $1,530 |
| 4 Bedroom | -$70 | $1,900 | $1,830 |
Affordability — Hernando, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $357,000 |
| Median Household Income | $55,500 |