Tampa-St. Petersburg-Clearwater, FL · Florida
Hernando County
ZIP 34609
201,512 residents2,019 permits TTM$63,193 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$240,700
ACS 5-Year
Cap rate proxy
9.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
23.0%
HUD FMR ÷ ACS HHI
Net migration
+3.01%
IRS SOI
Permits (TTM)
2,019
Census BPS
Climate risk
88.0
FEMA NRI (0–100)
ZIP 34609
Median home value
$323,560
Gross yield
7.5%
Buy Box score
0.9
Section 8 gap
67.1%
Affordability
P/I: 5.1R/I: 37.2%
Section 8 detail
SAFMR: $2,020Rent: $1,209Gap: 67.1%
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 34606 | $271,317 | $1,610 | 7.1% | 7.9% | -11.3% |
| 34613 | $313,410 | $1,610 | 6.2% | 7.8% | -25.8% |
| 34608 | $291,805 | $1,680 | 6.9% | 7.6% | -10.4% |
| 34609 | $323,560 | $2,020 | 7.5% | 7.3% | 3.0% |
| 34604 | $330,760 | $1,580 | 5.7% | 6.6% | -14.4% |
| 34661 | $240,700county est. | $1,390 | 6.9% | 6.0% | 13.0% |
| 34602 | $300,414 | $1,640 | 6.6% | 4.8% | 26.3% |
| 34601 | $315,317 | $1,460 | 5.6% | 4.6% | 16.9% |
| 34614 | $353,488 | $1,490 | 5.1% | 4.1% | 18.9% |
| 34607 | $393,406 | $1,710 | 5.2% | 3.7% | 29.3% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
81.8%
Census ACS
Vacancy rate
11.5%
Census ACS
Bachelor's degree +
20.4%
Census ACS
Rent burdened
50.2%
Census ACS (>30% income)
Median age
48.1
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026