Hernando, Florida

Citrus County Real Estate - Hernando

Hernando is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 9,054. Hernando is approximately 30 miles from Spring Hill (population 98,621) and around 24 miles from Ocala (population 56,315).

The median age for residents of Hernando is 54. Around 18.3% of Hernando households include school aged children and 47.8% of households include individuals aged 65 years or over. Census records indicate 94.7% of the Hernando population are White, 2.2% are Black or African American, .4% American Indian, .5% Asian and 1.3% are Two or more Races.

There are 5,425 housing units in Hernando. 1,261 (23.2%) of these were reported as vacant in the 2010 Census. Hernando is a tourist destination, 51.7% (652) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 932 residential rental units in Hernando. 800 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.

Hernando links:

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Hernando is located in Citrus County. It has a population of approximately 9,054 people. The population increased X from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, -1.3% for Citrus County and a 1.7% increase for the country as a whole. Hernando occupies 31.69 of the 581.7 square miles in Citrus County. It had a population density of 285.7 persons per square mile in 2010. This compared to 242.8 for the county, 350.6 for Florida and 87.4 for the country.

6.9% ( 5,425) of the 78,423 housing units in Citrus County are in Hernando (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Hernando has a 82.4% homeownership rate compared to Citrus County's 83.3% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Citrus County 141,236 $1,515 -1.3% $38,189 78,423 $134,800
Hernando 9,054 $55X$33,792 5,425$100,700

Hernando's medium household income in 2011 was $33,792. Citrus County's medium household income was $38,189, which is lower than the medium income for Florida as a whole: $47,827. 24.2% of the population in Hernando lives below the poverty line, compared to 14.7% in Florida, 15.8% of the population in Citrus County and 14.3% nationwide. Additional Information:

Hernando Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Hernando. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $55 million, Hernando's economic activity represents 3.62% of Citrus County's $1,515MM in economic activity. Citrus County represents 0.24% of the Florida economy.

Hernando Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $13 23.1%
Retail sales $42 76.9%
Accommodation and food services sales $0 0.0%
Total $55100%

Citrus County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Beverly Hills 8,445 $21X$29,853 4,986$100,200
Floral City 5,217 $0X$39,798 2,912$114,800
Hernando 9,054 $55X$33,792 5,425$100,700
Homosassa Springs 13,791 $227X$30,722 7,138$86,900
Inverness 7,210 $307-1.4%$27,515 3,974$93,600

Citrus County is located in the Tampa Bay Region. This region is responsible for 22.6% of Florida's economic activity. Citrus County represents 1.1% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Citrus County 141,236 $1,515 -1.3% $38,189 78,423 $134,800
Hernando County 172,778 $2,311 0.4% $42,700 84,887 $145,000
Pasco County 464,697 $6,731 1.2% $44,103 231,008 $145,100
Hillsborough County 1,229,226 $48,928 3.9% $50,195 540,190 $185,900
Pinellas County 916,542 $37,192 0.5% $45,891 504,146 $172,900
Polk County 602,095 $27,540 2.3% $44,398 281,004 $133,200
Manatee County 322,833 $9,029 3.4% $48,181 173,660 $195,300
Sarasota County 379,448 $9,371 1.8% $49,212 229,346 $213,400
Total 4,318,438 $142,617 1.5% $45,359 2,122,664 $165,700

Hernando Real Estate

There are 8,876 properties in Hernando. The following table shows a summary of them based on 2014 sales data.

Hernando Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 430 4.84 2 $457,000 $139January 1st, 2014April 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 96 1.08 0n/an/an/an/a
Health Care 2 0.02 0n/an/an/an/a
Hotel & Motel 3 0.03 0n/an/an/an/a
Industrial 50 0.56 3 $940,000 $34February 1st, 2014March 1st, 2014
Miscellaneous Property 8 0.09 0n/an/an/an/a
Mobile/Manufactured 2,533 28.54 111 $27,100 $31January 1st, 2014September 1st, 2014
Multifamily 22 0.25 1 $72,000 $16July 1st, 2014July 1st, 2014
Office 21 0.24 1 $120,000 $93March 1st, 2014March 1st, 2014
Residential 5,519 62.18 254 $149,950 $52January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 148 1.67 5 $110,000 $70April 1st, 2014July 1st, 2014
Senior Housing 1 0.01 0n/an/an/an/a
Special Purpose 33 0.37 1 $262,500 $54August 1st, 2014August 1st, 2014
Sports & Entertaining 10 0.11 0n/an/an/an/a

Agricultural Real Estate in Hernando, Florida

430( 4.84%) of the properties in Hernando are classified as Agricultural. 2 of them sold between January 1st, 2014 and April 1st, 2014. The total value of these sales was $914,000. The median sales price was $457,000. In 2014 the median sales price for Agricultural in Hernando was $139 per sq ft.

Commercial Real Estate in Hernando, Florida

0( .00%) of the properties in Hernando are classified as Commercial.

Government Real Estate in Hernando, Florida

96( 1.08%) of the properties in Hernando are classified as Government.

Health Care Real Estate in Hernando, Florida

2( .02%) of the properties in Hernando are classified as Health Care.

Hotel & Motel Real Estate in Hernando, Florida

3( .03%) of the properties in Hernando are classified as Hotel & Motel.

Industrial Real Estate in Hernando, Florida

50( .56%) of the properties in Hernando are classified as Industrial. 3 of them sold between February 1st, 2014 and March 1st, 2014. The total value of these sales was $2,852,600. The median sales price was $940,000. In 2014 the median sales price for Industrial in Hernando was $34 per sq ft.

Miscellaneous Real Estate in Hernando, Florida

8( .09%) of the properties in Hernando are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Hernando, Florida

2,533( 28.54%) of the properties in Hernando are classified as Mobile/Manufactured. 111 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $3,631,900. The median sales price was $27,100. In 2014 the median sales price for A Class Mobile/Manufactured in Hernando was $52 per sq ft, B Class properties sold for $31/ft and C Class $17/ft.

Multifamily Real Estate in Hernando, Florida

22( .25%) of the properties in Hernando are classified as Multifamily. 1 of them sold between July 1st, 2014 and July 1st, 2014. The total value of these sales was $72,000. The median sales price was $72,000. In 2014 the median sales price for Multifamily in Hernando was $16 per sq ft.

Office Real Estate in Hernando, Florida

21( .24%) of the properties in Hernando are classified as Office. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $120,000. The median sales price was $120,000. In 2014 the median sales price for Office in Hernando was $93 per sq ft.

Residential Real Estate in Hernando, Florida

5,519( 62.18%) of the properties in Hernando are classified as Residential. 254 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $43,957,100. The median sales price was $149,950. In 2014 the median sales price for A Class Residential in Hernando was $87 per sq ft, B Class properties sold for $52/ft and C Class $32/ft.

Residential Real Estate in Hernando, Florida

0( .00%) of the properties in Hernando are classified as Residential.

Retail Real Estate in Hernando, Florida

148( 1.67%) of the properties in Hernando are classified as Retail. 5 of them sold between April 1st, 2014 and July 1st, 2014. The total value of these sales was $937,100. The median sales price was $110,000. In 2014 the median sales price for Retail in Hernando was $70 per sq ft.

Senior Housing Real Estate in Hernando, Florida

1( .01%) of the properties in Hernando are classified as Senior Housing.

Special Purpose Real Estate in Hernando, Florida

33( .37%) of the properties in Hernando are classified as Special Purpose. 1 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $262,500. The median sales price was $262,500. In 2014 the median sales price for Special Purpose in Hernando was $54 per sq ft.

Sports & Entertaining Real Estate in Hernando, Florida

10( .11%) of the properties in Hernando are classified as Sports & Entertaining.

Hernando, Citrus County Market Data

Hernando Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 454 126,259
Government Property 107 237,182
Hotel & Motel 3 39,750
Industrial 52 603,271
Land 4,169 57,573
Miscellaneous Property 7 1,692
Mobile/Manufactured 2,477 2,658,405
Multifamily 22 147,875
Office 16 69,192
Residential 5,656 15,211,117
Retail 127 605,257
Senior Housing 1 55,884
Special Purpose 32 274,798
Sports & Entertaining 12 29,384

Hernando Median Property Values per Sq Ft

Hernando Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $922$37 $24$17 $16$7
Auto sales, auto repair and storage or auto service shop 2016 $119$14 $51$9 $32$6
Church 2016 $450$14 $90$10 $68$7
Club, lodge or union hall 2016 $450$14 $90$10 $68$7
Community Shopping Center 2016 $119$14 $51$9 $32$6
Condominium 2016 $78$16 $51$16 $33$16
County Owned 2016 $450$30 $90$15 $68$7
Cropland soil capability Class I 2016 $450$28 $90$14 $68$10
Dairies, feed lots 2016 $450$28 $90$14 $68$10
Department Store 2016 $130$14 $49$9 $33$6
Enclosed theater or auditorium 2016 $922$37 $24$17 $16$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $119$14 $51$9 $32$6
Golf course or driving range 2016 $922$37 $24$17 $16$7
Government Undefined 2016 $450$30 $90$15 $68$7
Grazing land soil capability Class I 2016 $450$28 $90$14 $68$10
Grazing land soil capability Class II 2016 $450$28 $90$14 $68$10
Grazing land soil capability Class III 2016 $450$28 $90$14 $68$10
Grazing land soil capability Class IV 2016 $450$28 $90$14 $68$10
Home for the aged 2016 $450$15 $90$10 $68$9
Hotel or motel 2016 $922$33 $24$33 $16$33
Improved agricultural 2016 $450$28 $90$14 $68$10
Light manufacturing 2016 $922$8 $24$6 $16$4
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $922$8 $24$6 $16$4
Mixed use - store and office or store and residential or residential combination 2016 $130$14 $49$9 $33$6
Mobile Home 2016 $52$6 $33$6 $22$6
Mortuary, cemetery or crematorium 2016 $450$14 $90$10 $68$7
Multi-family - 10 units or more 2016 $52$22 $33$13 $22$7
Multi-family - less than 10 units 2016 $130$22 $49$13 $33$7
Nightclub, cocktail lounge or bar 2016 $922$37 $24$17 $16$7
Office building, non-professional service building, multi-story 2016 $119$30 $51$18 $32$11
Office building, non-professional service building, one story 2016 $119$30 $51$18 $32$11
Ornamentals, miscellaneous agricultural 2016 $450$28 $90$14 $68$10
Orphanage, other non-profit or charitable services 2016 $450$14 $90$10 $68$7
Poultry, bees, tropical fish, rabbits, etc. 2016 $450$28 $90$14 $68$10
Professional service building 2016 $119$30 $51$18 $32$11
Public county school 2016 $450$30 $90$15 $68$7
Repair service shop (excluding automotive) 2016 $119$14 $51$9 $32$6
Restaurant, cafeteria 2016 $119$14 $51$9 $32$6
Single Family 2016 $94$16 $63$16 $45$16
State Owned 2016 $450$30 $90$15 $68$7
Store, one story 2016 $130$14 $49$9 $33$6
Timberland - site index 50 to 59 2016 $450$28 $90$14 $68$10
Timberland - site index 60 to 69 2016 $450$28 $90$14 $68$10
Timberland - site index 70 to 79 2016 $450$28 $90$14 $68$10
Timberland - site index 80 to 89 2016 $450$28 $90$14 $68$10
Utility 2016 $450$42 $90$15 $68$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $256$8 $46$6 $22$4