Citrus County, Florida: commercial real estate data.
Citrus County, Florida has a population of 162,472 across 582 square miles, up 10.6 percent since the 2020 census base. 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.
128 sourced county values · tier FULL · 12 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Citrus County
How many people live in Citrus County
- Population162,472
- 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-equivalents424th
Citrus County is the 32nd largest of 67 Florida counties by population. A median home costs 4.3 times median household income, which is an affordable ownership market 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 storey 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 change since the 2020 census base10.61 percent
- Census 2020 base population153,845
- 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
The county has grown 10.61 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.
Citrus County
Where are people moving to Citrus County from?
- Tax returns filed by households arriving7,027
- People arriving, from those returns12,699
- Adjusted gross income arriving$495.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$70,447
- Largest single originCitrus County Non-migrants (59,104 households)
- Largest single destination (59,104 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Citrus County Non-migrants | 59,104 | 109,622 | $3.95 bn |
| Other flows - Different State | 3,200 | 5,945 | $258.2 m |
| Other flows - South | 1,034 | 1,920 | $81.4 m |
| Other flows - Northeast | 887 | 1,591 | $66.7 m |
| Other flows - Midwest | 777 | 1,494 | $59.7 m |
| Other flows - West | 502 | 940 | $50.4 m |
| Marion County | 468 | 865 | $22.4 m |
| Hernando County | 429 | 871 | $21.0 m |
The largest single source of arrivals is Citrus 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.
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 Florida counties35th
- Rank by GDP among US county-equivalents587th
- 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
Largest employers in Citrus County
- Covered employment, annual average34,702
- Establishments reporting3,656
- Average annual pay$48,953
- Average weekly wage$941
- Sector 62, employment7,393
- Sector 62, average annual pay$54,577
- Sector 44-45, employment6,147
- Sector 44-45, average annual pay$36,891
- Sector 72, employment4,510
- Sector 72, average annual pay$25,029
- Sector 23, employment3,101
- Sector 23, average annual pay$54,846
- Sector 56, employment2,020
- Sector 54, employment1,223
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 7,393 | 456 | $54,577 |
| Sector 44-45 | 6,147 | 484 | $36,891 |
| Sector 72 | 4,510 | 299 | $25,029 |
| Sector 23 | 3,101 | 488 | $54,846 |
| Sector 56 | 2,020 | 292 | $46,918 |
| Sector 54 | 1,223 | 368 | $80,136 |
| Sector 81 | 1,064 | 296 | $35,817 |
| Sector 52 | 818 | 179 | $87,630 |
The largest sector is the biggest private employer group at 7,393 jobs, 21.3 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.
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.
US Census Bureau, County Business Patterns, 2023.
Citrus County
Building permits in Citrus County
- Housing units authorised by permit, 20242,443
- Declared construction value permitted$531.2 m
- Single family units authorised2,415
- Multifamily units authorised28
- Multifamily share of units1.1 percent
- Average declared value per unit$217,435
- Units authorised per 1,000 households34.3
Multifamily is 1.1 percent of units authorised, so the pipeline is predominantly for sale product.
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$56,000
- 90th percentile approval$1,635,000
- 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$301,000
- Distinct CDCs active3
- 504 jobs per approval8.1
- 504 jobs per million dollars approved15.4
- Most active CDCFlorida Business Development Corporation (26)
- 7(a) share of SBA approvals67.3 percent
- Combined SBA approval dollars$98.7 m
The average approval of $743,584 sits well above the median of $385,000, 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. 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
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full17
- Status: Cancelled10
- Status: Exempt from disclosure68
- Status: Committed, not yet disbursed4
Of the 17 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.
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
- Places in the county with recorded lending14
- HOMOSASSA, approvals25
- CRYSTAL RIVER, approvals22
- INVERNESS, approvals20
- CITRUS SPRINGS, approvals7
- HERNANDO, approvals6
- LECANTO, approvals5
| Place | 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 |
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
- Communities 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 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 in Citrus County 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 FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
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 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.
- Population162,472
- 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?
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. 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 the average wage in Citrus County?
Average annual pay is $48,953, or $941 a week, across 34,702 covered jobs. 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 totalling $73.6 m since FY2020, across 50 lenders, with a median approval of $385,000, plus 48 504 approvals worth $25.1 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Citrus County get paid back?
Of the 17 loans that have reached a final outcome, 17 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.
How many building permits were issued in Citrus County?
2,443 housing units were authorised 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 Citrus County Non-migrants, with 59,104 households. Arriving households report an average income of $70,447 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 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?
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.
Citrus County
Cities and places in Citrus.
15 Census places lie wholly or partly in Citrus County. 15 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | 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 | 26 | Wholly in this county |
| Black Diamond | CDP | 1,298 | None recorded | Wholly in this county |
A further 4 SBA approvals in Citrus County are recorded against borrower cities that match no Census place, the largest being Floral City, Holder, Homossassa. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.