Hernando County, Florida: commercial real estate data.
Hernando County, Florida has a population of 207,018 across 473 square miles, up 12.2 percent since the 2020 census base. County output reached $7.29 bn in 2024, 3,874 establishments operate here, and the SBA record carries 143 7(a) approvals worth $77.1 m.
128 sourced county values · tier FULL · 12 sections
Hernando County
How many people live in Hernando County
- Population207,018
- Households82,475
- Average household size2.51
- Median household income$66,058
- Median age47.7
- Median gross rent$1,298 per month
- Median owner-occupied home value$276,000
- Home value to household income4.2 times
- Annual rent as a share of median income23.6 percent
- Adults 25 and over with a bachelor degree or higher21.1 percent
- Adults 25 and over with a graduate degree6.9 percent
- Adults 25 and over155,161
- Population under 1838,353
- Share under 1818.5 percent
- Population 65 and over54,596
- Share 65 and over26.4 percent
- Working age population, 18 to 64114,069
- Civilian labor force89,617
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over53.1 percent
- Rank by population among Florida counties27th of 67
- Rank by population among US county-equivalents340th
Hernando County is the 27th largest of 67 Florida counties by population. A median home costs 4.2 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.4 percent against 18.5 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hernando County
Is Hernando County growing
- Population change since the 2020 census base12.15 percent
- Census 2020 base population194,510
- Births, 20241,614
- Deaths, 20243,055
- Natural change, 2024-1,441
- Net domestic migration, 20245,344
- Net international migration, 2024857
- Total net migration, 20246,201
- Cumulative net domestic migration, 2021 to 202426,965
- Rank by growth among US county-equivalents106th
The county has grown 12.15 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Hernando County
Where people moving to Hernando County come from
- Tax returns filed by households arriving9,196
- People arriving, from those returns16,744
- Adjusted gross income arriving$569.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$61,913
- Largest single originHernando County Non-migrants (73,157 households)
- Largest single destination (73,157 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hernando County Non-migrants | 73,157 | 141,281 | $4.40 bn |
| Other flows - Different State | 2,928 | 5,337 | $210.0 m |
| Pasco County | 1,962 | 3,822 | $115.3 m |
| Hillsborough County | 1,334 | 2,475 | $73.5 m |
| Other flows - South | 1,010 | 1,855 | $63.0 m |
| Other flows - Northeast | 796 | 1,397 | $60.0 m |
| Other flows - Midwest | 727 | 1,346 | $54.7 m |
| Pinellas County | 642 | 1,085 | $37.4 m |
The largest single source of arrivals is Hernando County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Hernando County
What the Hernando County economy runs on
- County GDP, 2024$7.29 bn
- County GDP, 2023$6.72 bn
- GDP change, 2023 to 20248.6 percent
- GDP change over five years53.7 percent
- Rank by GDP among Florida counties34th
- Rank by GDP among US county-equivalents567th
- GDP per resident$35,235
Output grew 8.6 percent in the latest year and 53.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Hernando County
Who employs people in Hernando County
- Covered employment, annual average50,853
- Establishments reporting4,658
- Average annual pay$50,502
- Average weekly wage$971
- Sector 62, employment10,650
- Sector 62, average annual pay$62,008
- Sector 44-45, employment8,419
- Sector 44-45, average annual pay$34,071
- Sector 72, employment5,931
- Sector 72, average annual pay$24,707
- Sector 23, employment3,734
- Sector 23, average annual pay$55,001
- Sector 31-33, employment2,887
- Sector 56, employment2,476
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,650 | 634 | $62,008 |
| Sector 44-45 | 8,419 | 562 | $34,071 |
| Sector 72 | 5,931 | 358 | $24,707 |
| Sector 23 | 3,734 | 646 | $55,001 |
| Sector 31-33 | 2,887 | 139 | $61,847 |
| Sector 56 | 2,476 | 380 | $36,966 |
| Sector 48-49 | 2,146 | 133 | $62,890 |
| Sector 54 | 1,919 | 490 | $75,923 |
The largest sector is the biggest private employer group at 10,650 jobs, 20.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hernando County
What businesses operate in Hernando County
- Establishments, all industries3,874
- Employment at those establishments42,473
- Annual payroll$1.84 bn
- Establishments per 1,000 residents18.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Hernando County
What is being built in Hernando County
- Housing units authorised by permit, 20242,505
- Declared construction value permitted$672.2 m
- Single family units authorised2,187
- Multifamily units authorised318
- Multifamily share of units12.7 percent
- Average declared value per unit$268,354
- Units authorised per 1,000 households30.4
Multifamily is 12.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hernando County
How much SBA lending happens in Hernando County
- 7(a) approvals recorded143
- 7(a) gross approval dollars$77.1 m
- Average 7(a) approval$539,043
- Median 7(a) approval$182,400
- 10th percentile approval$30,200
- 90th percentile approval$1,205,600
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,429
- Jobs per approval10.0
- Distinct 7(a) lenders active44
- Distinct industries receiving approvals88
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer16.1 percent
- Loans on real estate terms23
- Loans on working capital terms, 120 months or shorter114
- Franchise loans20
- Franchise share of approvals14.0 percent
- Leading industry by approval countFull-Service Restaurants (12)
- Most active lenderBayFirst National Bank (15)
- 504 approvals recorded39
- 504 gross approval dollars$24.9 m
- Average 504 approval$639,128
- Median 504 approval$489,000
- Distinct CDCs active3
- 504 jobs per approval9.7
- 504 jobs per million dollars approved15.1
- Most active CDCFlorida Business Development Corporation (26)
- 7(a) share of SBA approvals78.6 percent
- Combined SBA approval dollars$102.0 m
The average approval of $539,043 sits well above the median of $182,400, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 16.1 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hernando County
Do SBA loans in Hernando County get paid back
- Loans with a final outcome recorded20
- Paid in full20
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full20
- Status: Exempt from disclosure93
- Status: Cancelled19
- Status: Committed, not yet disbursed11
Of the 20 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hernando County
Which parts of Hernando County get the lending
- Places in the county with recorded lending9
- SPRING HILL, approvals65
- BROOKSVILLE, approvals59
- Weeki Wachee, approvals12
- HERNANDO BEACH, approvals2
- WEBSTER, approvals1
- Brookville, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SPRING HILL | 65 | $31,372,800 |
| BROOKSVILLE | 59 | $33,728,300 |
| Weeki Wachee | 12 | $6,429,000 |
| HERNANDO BEACH | 2 | $1,543,000 |
| WEBSTER | 1 | $150,000 |
| Brookville | 1 | $545,000 |
| HOMOSASSA | 1 | $150,000 |
| SPRINGHILL | 1 | $2,700,000 |
SPRING HILL accounts for 65 approvals against 59 in BROOKSVILLE. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hernando County
How big is Hernando County
- Land area473 sq mi
- Rank by land area among Florida counties62nd of 67
- Width, east to west38 mi
- Height, north to south18.1 mi
- Geographies sharing a boundary3
- Residents per square mile of land438
- Establishments per square mile8.19
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Hernando County
What hazards affect Hernando County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class1
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 5, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Hernando County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Hernando County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population207,018
- Households82,475
- Average household size2.51
- Median household income$66,058
- Median age47.7
Common questions
Hernando County questions, answered from the record.
How many people live in Hernando County, Florida?
207,018, in 82,475 households, ranking 27th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hernando County growing?
The population has grown 12.15 percent since the 2020 census base. In 2024 there were 1,614 births against 3,055 deaths, with net migration of 6,201. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hernando County?
$66,058. The median owner-occupied home is valued at $276,000, which is 4.2 times income, and median gross rent is $1,298 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hernando County?
3,874 establishments, employing 42,473 people with an annual payroll of $1.84 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Hernando County?
Average annual pay is $50,502, or $971 a week, across 50,853 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hernando County?
143 7(a) approvals totalling $77.1 m since FY2020, across 44 lenders, with a median approval of $182,400, plus 39 504 approvals worth $24.9 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hernando County get paid back?
Of the 20 loans that have reached a final outcome, 20 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hernando County?
2,505 housing units were authorised by permit in 2024, with a declared construction value of $672.2 m. Multifamily was 12.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hernando County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Hernando County come from?
The largest single origin is Hernando County Non-migrants, with 73,157 households. Arriving households report an average income of $61,913 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hernando County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Hernando County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.