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:
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%.
Region | Population 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 | $55 | X | $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.
Activity | Value (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 | $55 | 100% |
Citrus County Regional Comparisons
City | Population 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 | $21 | X | $29,853 | 4,986 | $100,200 |
Floral City | 5,217 | $0 | X | $39,798 | 2,912 | $114,800 |
Hernando | 9,054 | $55 | X | $33,792 | 5,425 | $100,700 |
Homosassa Springs | 13,791 | $227 | X | $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.
Region | Population 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.
Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
---|---|---|---|---|---|---|---|
Agricultural | 430 | 4.84 | 2 | $457,000 | $139 | January 1st, 2014 | April 1st, 2014 |
Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Government Property | 96 | 1.08 | 0 | n/a | n/a | n/a | n/a |
Health Care | 2 | 0.02 | 0 | n/a | n/a | n/a | n/a |
Hotel & Motel | 3 | 0.03 | 0 | n/a | n/a | n/a | n/a |
Industrial | 50 | 0.56 | 3 | $940,000 | $34 | February 1st, 2014 | March 1st, 2014 |
Miscellaneous Property | 8 | 0.09 | 0 | n/a | n/a | n/a | n/a |
Mobile/Manufactured | 2,533 | 28.54 | 111 | $27,100 | $31 | January 1st, 2014 | September 1st, 2014 |
Multifamily | 22 | 0.25 | 1 | $72,000 | $16 | July 1st, 2014 | July 1st, 2014 |
Office | 21 | 0.24 | 1 | $120,000 | $93 | March 1st, 2014 | March 1st, 2014 |
Residential | 5,519 | 62.18 | 254 | $149,950 | $52 | January 1st, 2014 | September 1st, 2014 |
Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Retail | 148 | 1.67 | 5 | $110,000 | $70 | April 1st, 2014 | July 1st, 2014 |
Senior Housing | 1 | 0.01 | 0 | n/a | n/a | n/a | n/a |
Special Purpose | 33 | 0.37 | 1 | $262,500 | $54 | August 1st, 2014 | August 1st, 2014 |
Sports & Entertaining | 10 | 0.11 | 0 | n/a | n/a | n/a | n/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
Property Usage | Property Count | Total 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
Property Class | Class A | Class B | Class C | ||||
---|---|---|---|---|---|---|---|
Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
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 |
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