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These days, finding an affordable place to live in the Hernando area can be challenging. Home prices in Hernando are now at a median cost of $235,146, lower than the Florida average of $396,783.
The average cost of rent is $1,061/mo in Hernando, primarily driven by the current value of real estate in the Hernando area. In Hernando, 14.46% of households rent, and 57.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hernando is $4,382 per month. Households that rent pay about 24.22% of their income on rent here. Hernando’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Holder, FL: higher priced homes
- Citrus Hills, FL: higher priced homes
- Inverness Highlands North, FL: less expensive homes
- Beverly Hills, FL: less expensive homes
- Pine Ridge, FL: higher priced homes
- Citrus Springs, FL: equally priced homes
- Inverness, FL: equally priced homes
- Lecanto, FL: higher priced homes
- Inverness Highlands South, FL: equally priced homes
- Dunnellon, FL: equally priced homes
Cities with Similar Populations
- Pearsall, TX: less expensive homes
- Madison, GA: higher priced homes
- Madison, OH: less expensive homes
- Madisonville, TX: less expensive homes
- Malverne, NY: higher priced homes
- Marksville, LA: less expensive homes
- Marlboro Village, MD: higher priced homes
- Marvin, NC: higher priced homes
- Middlesex, NC: equally priced homes
- Middleton, MA: higher priced homes
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