# Hernando County

### Summary

20.9%  
share of renter households  
44.8%  
share of low-income households  
49.2%  
share of rent-burdened households

### Renter population data

| Households                   | % share |
|------------------------------|---------|
| Renter households            | 16,321  | 20.9%  |
| Homeowner households         | 61,720  | 79.1%  |
| Total households             | 78,041  | 100.0% |

#### Low-income renter households

| Households                   | % share |
|------------------------------|---------|
| Extremely low-income (≤30% AMI) | 2,568  | 15.7%  |
| Very low-income (31-50% AMI)    | 1,221  | 7.5%   |
| Low-income (51-80% AMI)     | 3,517  | 21.5%  |
| All low-income households (<80% AMI) | 7,306  | 44.8%  |

#### Rent-burdened households

| Share of income spent on rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 4,000      | 24.5%    |
| 30.0–34.9%                   | 1,555      | 9.5%     |
| 35.0–39.9%                   | 1,121      | 6.9%     |
| 40.0-49.9%                   | 1,324      | 8.1%     |
| Severely rent-burdened       | 4,025      | 24.7%    |
| ≥50.0%                       | 4,025      | 24.7%    |
| **All rent-burdened households** | **8,025**  | **49.2%**|

### Affordable housing shortage

| Metric                         | Amount ($)    |
|--------------------------------|----------------|
| Median household income (2010) | 27,223         |
| Median household income (2021) | 37,455         |
| Increase (2010–2021)          | 37.6%          |
| Median rent (2010)            | 548            |
| Median rent (2021)            | 875            |
| Increase (2010–2021)          | 59.7%          |

| Supply, demand & shortage      | Units          |
|--------------------------------|----------------|
| Supply (current stock)        | 1,399          |
| Demand (total units needed)    | 3,591          |
| Shortage                       | 2,449          |
| **Total shortage**             | **2,449**      |
| **Supply/demand ratio**        | **39.0%**      |

### HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                          | Type                        | Placed in service | Income ceiling | LIHTC allocation  | 
|-------------------------------|-----------------------------|------------------|----------------|-------------------|
| HIGHBRIDGE OVERLOOK           | New construction            | 2014             | 60% AMI       | $1,804,887        |
| IRVINGTON FAMILY APTS         | New construction            | 2007             | 60% AMI       | $1,378,252        |
| HILLTOP VILLAGE               | Acquisition and Rehab       | 2012             | 60% AMI       | $504,385          |
| HUNTINGTON RESERVE            | New construction            | 2006             | 60% AMI       | $424,046          |
| HOLT + HAMILTON FAMILY APARTMENTS| New construction          | 2016             | 60% AMI       | $1,557,010        |
| INTERVALE GARDENS LLC         | New construction            | 2008             | 60% AMI       | $659,087          |
| HOMES OF RENAISSANCE PRESERVE II| New construction          | 2012             | 60% AMI       | $1,510,000        |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013             | 60% AMI       | $674,261          |
| IMPERIAL GARDENS FAMILY APTS  | New construction            | 2009             | 60% AMI       | $1,142,750        |

(Additional properties omitted for brevity.)

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