Homosassa Springs, FL
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
moderate
Price to income
4.03×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Florida
- 4.23×-0.20
- vs U.S.
- 3.43×
Benchmark
ACS median home value ÷ median HHI
moderate
Rent to income
26.6%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Florida
- 28.1%-1.6
- vs U.S.
- 23.3%
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
deal-by-deal
Cap rate proxy
4.28%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Florida
- 4.40%
- vs U.S.
- 4.35%
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
steady
Net migration
+1.01%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Florida
- 0.83%+0.18
- vs U.S.
- 0.03%+0.98
Benchmark
IRS net migration ÷ population
strong
Permit pipeline
13.59
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Florida
- 8.03+5.56
- vs U.S.
- 3.52+10.07
Benchmark
Census BPS permits TTM ÷ population × 1,000
softening
Unemployment
6.9%
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Florida
- 4.9%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
+60.1%
homeValues.yearOverYear
+1.7%
Median home value
$223,200
The rent ladder
| Bedroom | Monthly | Annual | % of median HHI |
|---|---|---|---|
| 1 BR | $988 | $11,856 | 21.4% |
| 2 BR | $1,225 | $14,700 | 26.6% |
| 3 BR | $1,704 | $20,448 | 36.9% |
Labor market direction
Unemployment
6.9%
Median household income
$55,355
What's being built
Total TTM
2,109
+8.6% YoY
Single-family
2,083
2–4 unit
20
5+ unit
6
All 1 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Citrus County | 155,173 | $223,200 | $55,355 | 2,109 | +8.6% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Homosassa Springs | 155,173 | $55,355 | 4.03× | 4.28% | +60.1% | 13.59 | 6.9% |
| Alexandria, LA | 151,721 | $56,492 | — | — | +25.5% | — | 3.7% |
| Dothan, AL | 150,969 | $56,772 | — | — | +49.1% | — | 2.3% |
| Madera, CA | 157,243 | $52,884 | — | — | — | — | — |
| Valdosta, GA | 148,203 | $54,581 | — | — | +59.4% | — | 3.6% |
| Texarkana, TX-AR | 147,453 | $55,046 | — | — | +47.2% | — | 4.2% |
Where people are moving in from
Net migration
+1,565
+1.01% of population
| Origin county | Tax returns |
|---|---|
| Marion County, FL | 468 |
| Hernando County, FL | 429 |
| Pinellas County, FL | 416 |
| Pasco County, FL | 350 |
| Hillsborough County, FL | 307 |
| Broward County, FL | 134 |
Who lives in Homosassa Springs
- Median age
- 57
- Bachelor's+
- 20.4%
- Owner-occupancy
- 84.8%
- Vacancy rate
- 16.4%
- Rent burdened (30%+)
- 48.7%
- Median household income
- $55,355
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.