Hernando County, Florida: commercial real estate data.
Hernando County, Florida had an estimated 218,150 residents on July 1, 2024, up 12.2 percent since the 2020 census base of 194,510, across 473 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hernando County
How many people live in Hernando County
- Population, American Community Survey 2020-2024207,018
- 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-equivalents, Puerto Rico included340th of 3,222
Hernando County is the 27th largest of 67 Florida counties by population. A median home costs 4.2 times median household income, which is seriously unaffordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hernando County
Is Hernando County's population growing?
- Population, July 1, 2024218,150
- Census 2020 base population194,510
- Population change since the 2020 census base12.15 percent
- Population change, 2023 to 20244,735
- 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 of 3,144
The county has grown 12.15 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.
Hernando County
Where are people moving to Hernando County from?
- Tax returns filed by households arriving9,196
- People arriving, from those returns16,744
- Tax returns filed by households leaving5,880
- Net household movement3,316
- Adjusted gross income arriving$569.4 m
- Net adjusted gross income movement$280.3 m
- Average income of an arriving household$61,913
- Average income of a leaving household$49,156
- Largest single originPasco County (1,962 households)
- Largest single destinationPasco County (1,199 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Pasco County | 1,962 | 3,822 | $115.3 m |
| Hillsborough County | 1,334 | 2,475 | $73.5 m |
| Pinellas County | 642 | 1,085 | $37.4 m |
| Citrus County | 241 | 435 | $11.2 m |
| Miami-Dade County | 118 | 208 | $5.4 m |
| Suffolk County | 112 | 184 | $8.3 m |
| Polk County | 109 | 189 | $5.9 m |
| Orange County | 102 | 174 | $6.4 m |
Households arriving report $12,757 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 Pasco 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.
Hernando County
What is the Hernando County economy?
- 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 the Florida areas BEA publishes34th of 67
- Rank by GDP among the US county areas BEA publishes567th of 3,127
- 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
Employment by industry in Hernando County
- Covered employment, annual average50,853
- Establishments reporting4,658
- Average annual pay$50,502
- Average weekly wage$971
- Health care and social assistance, employment10,650
- Health care and social assistance, average annual pay$62,008
- Retail trade, employment8,419
- Retail trade, average annual pay$34,071
- Accommodation and food services, employment5,931
- Accommodation and food services, average annual pay$24,707
- Construction, employment3,734
- Construction, average annual pay$55,001
- Manufacturing, employment2,887
- Administrative and support and waste management services, employment2,476
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 10,650 | 634 | $62,008 |
| Retail trade | 8,419 | 562 | $34,071 |
| Accommodation and food services | 5,931 | 358 | $24,707 |
| Construction | 3,734 | 646 | $55,001 |
| Manufacturing | 2,887 | 139 | $61,847 |
| Administrative and support and waste management services | 2,476 | 380 | $36,966 |
| Transportation and warehousing | 2,146 | 133 | $62,890 |
| Professional, scientific and technical services | 1,919 | 490 | $75,923 |
Health care and social assistance is the largest private sector at 10,650 jobs, 20.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hernando County
How many businesses are 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. 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.
Hernando County
Building permits in Hernando County
- Housing units authorized by permit, 20242,505
- Declared construction value permitted$672.2 m
- Single family units authorized2,187
- Multifamily units authorized318
- Multifamily share of units12.7 percent
- Average declared value per unit$268,354
- Units authorized per 1,000 households30.4
Single-family homes are 87.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Hernando County
SBA loans in Hernando County (7(a) and 504)
- 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$31,160
- 90th percentile approval$1,202,880
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$102.0 m
The average approval of $539,043 sits well above the median of $182,400, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in Hernando County
Do SBA loans in Hernando County get paid back?
- Loans with a final outcome recorded20
- Paid in full20
- Charged off0
- Status: Paid in full20
- Status: Exempt from disclosure93
- Status: Cancelled19
- Status: Committed, not yet disbursed11
Only 20 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.
Hernando County
SBA lending by place in Hernando County
- Borrower cities with recorded lending8
- Spring Hill, approvals66
- Brooksville, approvals59
- Weeki Wachee, approvals12
- Hernando Beach, approvals2
- Brookville, approvals1
- Dade City, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Spring Hill | 66 | $34,072,800 |
| Brooksville | 59 | $33,728,300 |
| Weeki Wachee | 12 | $6,429,000 |
| Hernando Beach | 2 | $1,543,000 |
| Brookville | 1 | $545,000 |
| Dade City | 1 | $465,000 |
| Homosassa | 1 | $150,000 |
| Webster | 1 | $150,000 |
Spring Hill accounts for 66 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 large 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
Flood risk in Hernando County
- Participation of the county's own NFIP community Hernando County, unincorporated areasParticipating, community 120110
- Community Rating System class of the county's own communityClass 5
- Communities in the county 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
- Radon levels in Hernando County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Hernando County (community 120110), 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 Hernando County in radon zone 3, a predicted average indoor radon screening level less than 2 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 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.
- Population, American Community Survey 2020-2024207,018
- 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?
The Census Bureau estimates 218,150 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 12.15 percent since the 2020 census base of 194,510, to 218,150 on July 1, 2024. 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 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 employment by industry in Hernando County?
Health care and social assistance is the largest private sector at 10,650 jobs, 20.9 percent of covered employment. Covered employment averages 50,853 jobs at an average annual pay of $50,502, or $971 a week. 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 totaling $77.1 m since FY2020, across 44 lenders, with a median approval of $182,400, plus 39 504 approvals worth $24.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Hernando County?
2,505 housing units were authorized 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 Pasco County, with 1,962 households. Arriving households report an average income of $61,913 against $49,156 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?
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.
Hernando County
Cities and places in Hernando.
22 Census places lie wholly or partly in Hernando County. All 22 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 |
|---|---|---|---|---|
| Spring Hill | CDP | 119,983 | 66 | Wholly in this county |
| Brooksville | city | 9,457 | 59 | Wholly in this county |
| North Weeki Wachee | CDP | 8,979 | None recorded | Wholly in this county |
| South Brooksville | CDP | 5,099 | None recorded | Wholly in this county |
| Timber Pines | CDP | 5,007 | None recorded | Wholly in this county |
| Brookridge | CDP | 4,923 | None recorded | Wholly in this county |
| North Brooksville | CDP | 4,227 | None recorded | Wholly in this county |
| Ridge Manor | CDP | 3,935 | None recorded | Wholly in this county |
| High Point | CDP | 3,548 | None recorded | Wholly in this county |
| Hill 'n Dale | CDP | 3,083 | None recorded | Wholly in this county |
| Hernando Beach | CDP | 2,675 | 2 | Wholly in this county |
| Masaryktown | CDP | 1,262 | None recorded | Wholly in this county |
| Weeki Wachee Gardens | CDP | 1,068 | None recorded | Wholly in this county |
| Garden Grove | CDP | 637 | None recorded | Wholly in this county |
| Spring Lake | CDP | 563 | None recorded | Wholly in this county |
| Wiscon | CDP | 499 | None recorded | Wholly in this county |
| Nobleton | CDP | 386 | None recorded | Wholly in this county |
| Aripeka | CDP | 258 | None recorded | 18.9 percent here, 81.1 percent Pasco County |
| Lake Lindsey | CDP | 202 | None recorded | Wholly in this county |
| Bayport | CDP | 189 | None recorded | Wholly in this county |
| Pine Island | CDP | 123 | None recorded | Wholly in this county |
| Istachatta | CDP | 115 | None recorded | Wholly in this county |
A further 16 of the county's 143 SBA 7(a) approvals are to borrowers in cities that match no Census place in Hernando County, the largest being Weeki Wachee (12), Brookville (1), Dade City (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