Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$306,116−1.7% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 23% have cut their price
Income needed to buy, per year$66,360About 1.0× the local median income ($68,768): affordable for a typical household
Days on market74 daysFaster than a year ago: sellers have the edge
Next 12 months−1.7%Zillow expects prices to dip slightly
The typical home in Hernando County, FL is worth $306,116, down 1.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $275,902, so the area is 11.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 74 days to sell, listings are down 6% from a year ago, 23% of listings have had a price cut. Zillow expects prices to fall about 1.7% over the next year. A household needs about $66,360 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,768. Typical rent is $1,809 a month, or $2,172 for a house. In the latest IRS figures, 4,826 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$306,116
Change in 1 year
−1.7%
Overvalued %
+11.0%
Show 7 more
Fair home value
$275,902
Change in 5 years
+20.9%
Zillow forecast, next 12 months
−1.7%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,659
Income needed to afford it
$66,360
Property tax rate
0.67%
Rent and investing
Typical rent
$1,809
Typical rent for houses
$2,172
Price-to-rent ratio
14.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,917
Gross rental yield
7.09%
Cap rate (estimate)
4.61%
Market activity
Listings vs a year ago
−5.7%
Days on market
74
Listings with a price cut
23.0%
Show 3 more
Homes for sale
1,322
Pending sales per 100 listings
32
Asking price per sq ft
$197
People and jobs
Median household income
$68,768
Population change (1 year)
+1.9%
Unemployment rate
5.3%
Show 4 more
Population
221,701
Income adjusted for cost of living
$68,155
Net moves in (IRS)
+4,826
Cost of living (US = 100)
100.9
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
88.0
Flood risk score
85.6
Show 3 more
Wildfire risk score
88.0
Walkability (1 to 20)
8.5
Road, rail and air noise
54 dB
Questions people ask
Is Hernando County, FL overvalued?
Home prices in Hernando County, FL are well above what local incomes have historically supported: fair value is about $275,902, so the area is 11.0% overvalued.
Is Hernando County, FL a buyer's or seller's market?
Hernando County, FL is a balanced market, leaning toward buyers: homes take about 74 days to sell, listings are down 6% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Hernando County, FL?
Home values in Hernando County, FL are down 1.7% over the last year. Zillow's forecast for the next 12 months is −1.7%.
How much do you need to earn to buy a home in Hernando County, FL?
A household needs about $66,360 a year to afford the typical home in Hernando County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,768.