Hernando County Real Estate and Livability Trends
Hernando County, Florida has seen impressive jumps in both average taxable income and median home values over the past decade, signaling robust economic stability and growth. With average taxable income soaring from $42,095.87 in 2013 to $57,835.33 in 2021, and home values skyrocketing from $109,300 in 2015 to $214,700 in 2022, the area appears increasingly attractive for new investments and real... Read more
Hernando County Market Trends
Hernando County, Florida, has experienced a serious surge in median home values, climbing from $109,300 in 2015 to $214,700 in 2022, which marks a sharper increase than the state and national averages. The rise in average residential energy tax credits, peaking at $2,534.00 in 2018, highlights a local trend toward energy-efficient upgrades. Real estate taxes have nearly doubled, from $2,361.03 in... Read more
Median Value of Occupied Housing Units in Hernando County, Florida Over the Last 8 Years
Hernando County, Florida's median home values have shown a significant upward trajectory over the past eight years, jumping from $109,300 in 2015 to $214,700 in 2022. This rise stands out more sharply when compared to the entire state of Florida, where values increased from $159,000 to $292,200 in the same period. On a national scale, the median value saw a more modest climb from $125,500 to $179,400. Hernando County's market dynamics might be attracting those looking for relatively affordable yet appreciating real estate amidst Florida's broader housing boom.
Residential Energy Tax Credit Per Tax Return in Hernando County, FL Over the Last 9 Years
Hernando County, Florida has seen a significant rise in average residential energy tax credits per tax return over the past nine years, peaking notably in 2018 at $2,534.00. This upward trend indicates a growing investment in energy-efficient home improvements, benefiting both homeowners and the environment. Investors and potential residents should take note of the county's commitment to green initiatives, which can enhance property values and energy savings.
Average Real Estate Taxes Per Tax Return in Hernando County, FL Over the Last 10 Years
Hernando County, Florida, has seen a notable rise in average real estate taxes returned per tax return over the past decade. In 2012, taxes averaged $2,361.03, but by 2021, they had increased to $4,751.71. This upward trend in tax values could reflect rising property values, increased city budgets, or shifts in taxation policies—encouraging factors for potential investors and property developers eyeing market growth. However, for current or future residents, this means a higher annual cost, possibly influencing housing affordability and long-term investment planning.
Percentage of Farm Returns in Hernando County, FL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Hernando County, Florida, shows only slight fluctuations, generally hovering between 0.45% and 0.60%. This mild variability may suggest a relatively stable agricultural sector within the county. Farm tax returns reflect the income reported from farming activities, which can be an indicator of the economic health and viability of agricultural ventures in the area. For potential investors or those interested in moving to Hernando County, this data could imply a community with consistent, though modest, engagement in agriculture, which might influence decisions on property investments and local economic expectations.
Number of Mortgages by Occupancy Type in Hernando County, FL Over the Last 5 Years in Hernando County
In Hernando County, Florida, the number of mortgages for principal residences has shown a fluctuating but overall rising trend over the past five years, while interest in investment properties and second residences has remained relatively stable. Changes in the type of occupancy are crucial for investors and real estate agents to understand market demand and property valuation. For instance, a higher number of principal residence mortgages could indicate stronger community growth and stability, which might make the area more appealing for families and long-term settlers. Meanwhile, consistent investment property activity suggests ongoing interest from landlords and developers, impacting the rental market and influencing appraisals and insurance rates.
Economic Outlook
Hernando County has experienced a significant rise in average taxable income from $42,095.87 in 2013 to $57,835.33 in 2021, hinting at growing affluence and economic stability. Meanwhile, local and state income taxes have also seen a notable increase, peaking at $10,840.00 in 2021, which could be indicative of higher fiscal demands. Additionally, the average total tax liability per tax return has trended upwards over the last decade, reaching $8,081.00 by 2021. Despite fluctuations, this... Read more
Average Taxable Income per Tax Return in Hernando County, FL over the last 9 years
Hernando County has seen a steady rise in average taxable income per tax return over the past nine years, increasing from $42,095.87 in 2013 to $57,835.33 in 2021. This upward trend, especially a notable jump in 2017 and consistently high figures post-2017, indicates a growing affluence and potentially a more robust economy. Potential investors, homebuyers, and businesses can view this as a positive indicator of economic stability and growth in this region.
Average State and Local Income Taxes Per Tax Return in Hernando County, FL Over the Last 10 Years
Over the past decade, Hernando County, Florida has seen a significant rise in average state and local income taxes per tax return, peaking at $10,840.00 in 2021. Despite a fluctuation in tax amounts, particularly a sharp increase from $6,740.48 in 2018 to $8,863.64 in 2020, the steady climb indicates a growing fiscal demand on residents. This trend is crucial for potential investors and residents to consider, as it reflects the broader economic shifts and governmental budgetary needs within the county.
Average Total Tax Liability Per Tax Return in Hernando County, FL Over the Last 10 Years
Over the last decade, Hernando County, Florida has seen a notable upward trend in average total tax liability per tax return, starting from $5,994.50 in 2012 and reaching $8,081.00 by 2021. There are fluctuations, but the general rise highlights an increasing tax burden which might reflect broader economic growth or changes in tax policy. For investors or potential residents, this indicates a transitioning economic landscape that could affect financial planning, property investment decisions, and cost of living considerations.
Cost of Living in Hernando County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,813 | $1,512 | $1,829 | $1,108 | $1,045 |
| 1 adult 4 children | $1,813 | $1,235 | $1,398 | $1,108 | $1,180 |
| 2 adults 3 children | $1,813 | $1,235 | $1,587 | $1,108 | $859 |
| 1 adult 3 children | $1,813 | $1,008 | $1,156 | $1,108 | $960 |
| 2 adults 2 children | $1,417 | $1,011 | $1,346 | $964 | $710 |
| 1 adult 2 children | $1,417 | $755 | $914 | $964 | $685 |
| 2 adults 1 child | $1,417 | $799 | $1,104 | $499 | $702 |
| 1 adult 1 child | $1,417 | $516 | $673 | $499 | $585 |
| 2 adults | $1,179 | $642 | $862 | $0 | $614 |
| 1 adult | $1,103 | $350 | $431 | $0 | $532 |
Safety trends & Data
Hernando County, Florida has seen varied property crime trends over the last four years, with burglary incidents dropping dramatically from 145 in 2019 to 29 in 2021 before rising slightly to 46 in 2022. Larceny-theft also saw reductions from 693 in 2019 to 315 in 2021, then increased to 529 in 2022. In contrast, arson incidents spiked six-fold in 2022. Fraud cases fell sharply from 310 in 2019 to 71 in 2021, then grew to 116 in 2022. These fluctuating crime rates suggest an improving but... Read more
Property Crime Trends in Hernando County, FL Over the Last 4 Years
Over the last four years, Hernando County, Florida has seen a notable fluctuation in property crime rates with significant declines in some categories. Burglary incidents plummeted from 145 in 2019 to just 29 in 2021 before slightly rising to 46 in 2022. Larceny-theft, while still high, reduced from 693 in 2019 to 315 in 2021, then crept up slightly to 529 in 2022. Embezzlement and arson numbers remained relatively low but stable, except for a six-fold spike in arson in 2022. Fraud cases experienced a sharp drop from 310 in 2019 to 71 in 2021, then saw an increase to 116 in 2022, pending further analysis. These trends could suggest a reactive but improving safety and security environment, which could be attractive for potential investors, new residents, and other stakeholders.
Demographics
Hernando County, Florida, has a nearly even adult population split between males and females, with a slight majority of females. From an educational standpoint, a significant portion of the population holds a high school diploma or some college experience but relatively fewer possess graduate or professional degrees. The age demographics suggest a notable concentration of residents aged 55 and over, hinting at either an aging population or popularity as a retirement destination. Racially, the... Read more
Race Distribution in Hernando County, Florida (2022)
Educational Attainment in Hernando County, Florida (2022)
Age Distribution in Hernando County, Florida
Citizen Population in Hernando County, Florida (2022)
Political Trends & Data
In Hernando County, Florida, the 2020 U.S. Presidential Election results suggested a notable conservative tilt, with approximately 64.6% of the vote favoring the Republican candidate. Democrats captured around 34.4%, while minor parties held a minimal share. This conservative lean could influence local and state-level policies and electoral outcomes, marking a clear preference within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hernando County, Florida, the 2020 U.S. Presidential Election results seemingly leaned heavily towards the Republican candidate, capturing approximately 64.6% of the vote. Democrats garnered around 34.4%, while minor parties, including Libertarians and Greens, collectively made up a small fraction of the electorate. This trend could hint at a strong conservative preference within the county, potentially influencing local and state-level policies and elections.
64.64% of voters voted for the Republican party in the 2020 Presidential Election
34.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.63% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hernando County, Florida has shown significant fluctuations over the past decade. Starting off close to the national average of 14 students per teacher from 2014 to 2020, the ratio spiked to 21 in 2021 due to potential pandemic-related disruptions. Despite recent reductions to around 18, it remains above the national benchmark. Such variations suggest larger class sizes and potentially less individual attention, a key factor for prospective home buyers and... Read more
Student-to-teacher ratio in Hernando County, Florida over the last 10 years
The student-to-teacher ratio in Hernando County, Florida has fluctuated over the past decade. While the ratio held relatively close to the national average of 14 students per teacher between 2014 and 2020, there was a sharp increase to 21 in 2021, potentially due to disruptions from the COVID-19 pandemic. Although the ratio has since decreased to around 18 in recent years, it still remains above the national benchmark. These variations are important as higher ratios might indicate larger class sizes and potentially less individual attention for students, which can affect educational outcomes, making this a crucial consideration for prospective home buyers, investors, and educators evaluating the area.
