Citrus County, Florida: commercial real estate data.
Citrus County, Florida had an estimated 170,174 residents on July 1, 2024, up 10.6 percent since the 2020 census base of 153,845, across 582 square miles. County output reached $6.98 bn in 2024, 3,063 establishments operate here, and the SBA record carries 99 7(a) approvals worth $73.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Citrus County
How many people live in Citrus County
- Population, American Community Survey 2020-2024162,472
- Households71,291
- Average household size2.28
- Median household income$56,546
- Median age56.9
- Median gross rent$1,107 per month
- Median owner-occupied home value$245,500
- Home value to household income4.3 times
- Annual rent as a share of median income23.5 percent
- Adults 25 and over with a bachelor degree or higher20.6 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over129,981
- Population under 1823,936
- Share under 1814.7 percent
- Population 65 and over59,271
- Share 65 and over36.5 percent
- Working age population, 18 to 6479,265
- Civilian labor force57,080
- Unemployment rate6.4 percent
- Labor force participation, adults 18 and over41.2 percent
- Rank by population among Florida counties32nd of 67
- Rank by population among US county-equivalents, Puerto Rico included424th of 3,222
Citrus County is the 32nd largest of 67 Florida counties by population. A median home costs 4.3 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 36.5 percent against 14.7 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Citrus County
Is Citrus County's population growing?
- Population, July 1, 2024170,174
- Census 2020 base population153,845
- Population change since the 2020 census base10.61 percent
- Population change, 2023 to 20243,338
- Births, 2024985
- Deaths, 20243,114
- Natural change, 2024-2,129
- Net domestic migration, 20245,163
- Net international migration, 2024312
- Total net migration, 20245,475
- Cumulative net domestic migration, 2021 to 202423,853
- Rank by growth among US county-equivalents132nd of 3,144
The county has grown 10.61 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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.
Citrus County
Where are people moving to Citrus County from?
- Tax returns filed by households arriving7,027
- People arriving, from those returns12,699
- Tax returns filed by households leaving4,200
- Net household movement2,827
- Adjusted gross income arriving$495.0 m
- Net adjusted gross income movement$243.4 m
- Average income of an arriving household$70,447
- Average income of a leaving household$59,923
- Largest single originMarion County (468 households)
- Largest single destinationMarion County (511 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Marion County | 468 | 865 | $22.4 m |
| Hernando County | 429 | 871 | $21.0 m |
| Pinellas County | 416 | 676 | $27.9 m |
| Pasco County | 350 | 644 | $19.9 m |
| Hillsborough County | 307 | 531 | $19.2 m |
| Broward County | 134 | 218 | $9.8 m |
| Orange County | 118 | 198 | $8.1 m |
| Sumter County | 118 | 195 | $5.5 m |
Households arriving report $10,524 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Marion County, 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.
Citrus County
What is the Citrus County economy?
- County GDP, 2024$6.98 bn
- County GDP, 2023$6.78 bn
- GDP change, 2023 to 20242.9 percent
- GDP change over five years53.8 percent
- Rank by GDP among the Florida areas BEA publishes35th of 67
- Rank by GDP among the US county areas BEA publishes587th of 3,127
- GDP per resident$42,965
Output grew 2.9 percent in the latest year and 53.8 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.
Citrus County
Employment by industry in Citrus County
- Covered employment, annual average34,702
- Establishments reporting3,656
- Average annual pay$48,953
- Average weekly wage$941
- Health care and social assistance, employment7,393
- Health care and social assistance, average annual pay$54,577
- Retail trade, employment6,147
- Retail trade, average annual pay$36,891
- Accommodation and food services, employment4,510
- Accommodation and food services, average annual pay$25,029
- Construction, employment3,101
- Construction, average annual pay$54,846
- Administrative and support and waste management services, employment2,020
- Professional, scientific and technical services, employment1,223
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 7,393 | 456 | $54,577 |
| Retail trade | 6,147 | 484 | $36,891 |
| Accommodation and food services | 4,510 | 299 | $25,029 |
| Construction | 3,101 | 488 | $54,846 |
| Administrative and support and waste management services | 2,020 | 292 | $46,918 |
| Professional, scientific and technical services | 1,223 | 368 | $80,136 |
| Other services, except public administration | 1,064 | 296 | $35,817 |
| Finance and insurance | 818 | 179 | $87,630 |
Health care and social assistance is the largest private sector at 7,393 jobs, 21.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Citrus County
How many businesses are in Citrus County?
- Establishments, all industries3,063
- Employment at those establishments31,162
- Annual payroll$1.34 bn
- Establishments per 1,000 residents18.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Citrus County
Building permits in Citrus County
- Housing units authorized by permit, 20242,443
- Declared construction value permitted$531.2 m
- Single family units authorized2,415
- Multifamily units authorized28
- Multifamily share of units1.1 percent
- Average declared value per unit$217,435
- Units authorized per 1,000 households34.3
Single-family homes are 98.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Citrus County
SBA loans in Citrus County (7(a) and 504)
- 7(a) approvals recorded99
- 7(a) gross approval dollars$73.6 m
- Average 7(a) approval$743,584
- Median 7(a) approval$385,000
- 10th percentile approval$59,200
- 90th percentile approval$1,609,400
- Largest single approval$4,271,000
- Jobs reported supported, 7(a)1,171
- Jobs per approval11.8
- Distinct 7(a) lenders active50
- Distinct industries receiving approvals62
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer35.4 percent
- Loans on real estate terms35
- Loans on working capital terms, 120 months or shorter58
- Franchise loans13
- Franchise share of approvals13.1 percent
- Leading industry by approval countFull-Service Restaurants (7)
- Most active lenderTD Bank, National Association (8)
- 504 approvals recorded48
- 504 gross approval dollars$25.1 m
- Average 504 approval$523,438
- Median 504 approval$293,500
- Distinct CDCs active3
- 504 jobs per approval8.1
- 504 jobs per million dollars approved15.4
- Most active CDCFlorida Business Development Corporation (26)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$98.7 m
The average approval of $743,584 sits well above the median of $385,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 35.4 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Citrus County
SBA loan default and charge-off rates in Citrus County
Do SBA loans in Citrus County get paid back?
- Loans with a final outcome recorded17
- Paid in full17
- Charged off0
- Status: Paid in full17
- Status: Cancelled10
- Status: Exempt from disclosure68
- Status: Committed, not yet disbursed4
Only 17 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Citrus County
SBA lending by place in Citrus County
- Borrower cities with recorded lending14
- Homosassa, approvals25
- Crystal River, approvals22
- Inverness, approvals20
- Citrus Springs, approvals7
- Hernando, approvals6
- Lecanto, approvals5
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Homosassa | 25 | $28,102,000 |
| Crystal River | 22 | $15,437,300 |
| Inverness | 20 | $11,523,400 |
| Citrus Springs | 7 | $4,847,200 |
| Hernando | 6 | $1,971,800 |
| Lecanto | 5 | $2,123,500 |
| Beverly Hills | 4 | $2,150,000 |
| Dunnellon | 3 | $466,000 |
| 6 other borrower cities | 7 | $6,993,600 |
Homosassa accounts for 25 approvals against 22 in Crystal River. 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.
Citrus County
How large is Citrus County?
- Land area582 sq mi
- Rank by land area among Florida counties48th of 67
- Width, east to west35.6 mi
- Height, north to south26.2 mi
- Geographies sharing a boundary4
- Residents per square mile of land279
- Establishments per square mile5.26
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.
Citrus County
Flood risk in Citrus County
- Participation of the county's own NFIP community Citrus County, unincorporated areasParticipating, community 120063
- Community Rating System class of the county's own communityClass 5
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- 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 class2
- Radon levels in Citrus County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Citrus County (community 120063), participates in the National Flood Insurance Program and carries Community Rating System class 5, a flood insurance premium discount for policies written there. The EPA places Citrus County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Citrus 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 Citrus County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024162,472
- Households71,291
- Average household size2.28
- Median household income$56,546
- Median age56.9
Common questions
Citrus County questions, answered from the record.
How many people live in Citrus County, Florida?
The Census Bureau estimates 170,174 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 162,472, in 71,291 households, ranking 32nd of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Citrus County's population growing?
The population has grown 10.61 percent since the 2020 census base of 153,845, to 170,174 on July 1, 2024. In 2024 there were 985 births against 3,114 deaths, with net migration of 5,475. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Citrus County?
$56,546. The median owner-occupied home is valued at $245,500, which is 4.3 times income, and median gross rent is $1,107 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Citrus County?
3,063 establishments, employing 31,162 people with an annual payroll of $1.34 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Citrus County?
Health care and social assistance is the largest private sector at 7,393 jobs, 21.3 percent of covered employment. Covered employment averages 34,702 jobs at an average annual pay of $48,953, or $941 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Citrus County?
99 7(a) approvals totaling $73.6 m since FY2020, across 50 lenders, with a median approval of $385,000, plus 48 504 approvals worth $25.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Citrus County?
2,443 housing units were authorized by permit in 2024, with a declared construction value of $531.2 m. Multifamily was 1.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Citrus County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Citrus County come from?
The largest single origin is Marion County, with 468 households. Arriving households report an average income of $70,447 against $59,923 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Citrus 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 Citrus County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Citrus County
Cities and places in Citrus.
15 Census places lie wholly or partly in Citrus County. All 15 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Homosassa Springs | CDP | 15,701 | 1 | Wholly in this county |
| Citrus Springs | CDP | 12,215 | 7 | Wholly in this county |
| Sugarmill Woods | CDP | 10,782 | None recorded | Wholly in this county |
| Pine Ridge | CDP | 10,762 | None recorded | Wholly in this county |
| Beverly Hills | CDP | 9,650 | 4 | Wholly in this county |
| Citrus Hills | CDP | 9,304 | None recorded | Wholly in this county |
| Hernando | CDP | 9,299 | 6 | Wholly in this county |
| Inverness | city | 7,770 | 20 | Wholly in this county |
| Inverness Highlands South | CDP | 7,449 | None recorded | Wholly in this county |
| Lecanto | CDP | 7,398 | 5 | Wholly in this county |
| Floral City | CDP | 5,437 | 2 | Wholly in this county |
| Crystal River | city | 3,638 | 22 | Wholly in this county |
| Inverness Highlands North | CDP | 2,830 | None recorded | Wholly in this county |
| Homosassa | CDP | 1,942 | 25 | Wholly in this county |
| Black Diamond | CDP | 1,298 | None recorded | Wholly in this county |
A further 7 of the county's 99 SBA 7(a) approvals are to borrowers in cities that match no Census place in Citrus County, the largest being Dunnellon (3), Homossassa (1), Port Richey (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby