Cost of Living in Hernando County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Hernando County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hernando County ranks #2,443 of 3,142 counties for affordability (bottom 22%)
Sourced county brief
Hernando County Median Gross Rent Estimated at $1,298 Per Month
In Hernando County, the median gross rent is $1,298 per month, which sits $6 below the Florida unweighted county mean of $1,304. The official ACS B25071 GRAPI, representing the median gross rent as a percentage of household income, was estimated at 32.3% for the 2020-2024 period. This is 0.5 percentage points lower than the state unweighted county mean of 32.8%. Renter households in the county have a median income of $48,002. Among owner-occupied units, the median home value is $276,000, slightly lower than the state unweighted county mean of $284,325. Median selected monthly owner costs for all owner-occupied units are $998, which is below the state unweighted county mean of $1,039. All statistics are drawn from the 2020-2024 American Community Survey 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Hernando County
Affordability Verdict
ACS B25071 estimates median gross rent at 32.3% of renter household income in Hernando County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,298 per month; median selected monthly owner costs are $998. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $51,920 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Hernando County's $1,298 median is 0.4% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Hernando County
Rent Burden
23.6%
of gross income
Max Housing (28% Rule)
$1,541
per month
Owner Cost Burden
18.1%
of gross income
The median home in Hernando County may be a stretch
Median home value is $276,000. Estimated monthly cost: $2,203 vs. your max of $1,541.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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