How much is a home worth in ZIP code 34609?

The typical home in 34609 is worth $324,873, based on the Zillow Home Value Index.

Are home values rising in 34609?

Home values in 34609 are down 2.5% over the past year, and up 6.3% a year over five years.

What is the typical rent in 34609?

A typical home in 34609 rents for about $2,005 a month, a gross rental yield of 7.4%.

What is the property tax rate in 34609?

The effective property tax rate in 34609 is 0.8% — roughly $2,493 a year on a typical home.

ZIP code 34609 has a population of 47,257 and a median household income of $79,442.

HousingHandbookReference data

…

U.S. ZIP Code · FL34609

Hernando County · Tampa-St. Petersburg-Clearwater, FL

Typical home value

$324,873^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +6.3%
10-year / yr: +8.6%

Relative price

vs U.S.: +14.4%
vs metro: -10.6%
vs state: -6.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 34609 is worth $324,873 — 10.6% below the Tampa-St. Petersburg-Clearwater, FL median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $2,005 a month — a 7.4% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,005^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,493^[3]

#Climate risk

FEMA National Risk Index ratings for Hernando County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Very Low
Heat wave: Relatively Low
Hurricane: Relatively High
Tornado: Relatively High
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 47,257^[3]
Median household income: $79,442^[3]

#Migration

Household moves in and out of Hernando County over a year, from IRS tax-return data.

Net migration: +2,290^[5]
Moved in: 8,430
Moved out: 6,140

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 4
Middle: 1
High: 2

FRANK W. SPRINGSTEAD HIGH SCHOOL
High · Grades 9–12 · HERNANDO
1,893 students
CHALLENGER K-8 SCHOOL OF SCIENCE AND MATH
Elementary · Grades PK–8 · HERNANDO
1,467 students
POWELL MIDDLE SCHOOL
Middle · Grades 6–8 · HERNANDO
1,061 students
JOHN D. FLOYD ELEMENTARY SCHOOL
Elementary · Grades PK–5 · HERNANDO
955 students
SUNCOAST ELEMENTARY SCHOOL
Elementary · Grades PK–5 · HERNANDO
921 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.4%

Net yield (after ~40% expenses)4.4%

Annual rent$24,063

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,643

Loan principal$259,898

Down payment$64,975

Total interest paid$331,486

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.06

Monthly cost to own$2,122

Monthly rent$2,005

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 80th percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 34609?: The typical home in 34609 is worth $324,873, based on the Zillow Home Value Index.
Are home values rising in 34609?: Home values in 34609 are down 2.5% over the past year, and up 6.3% a year over five years.
What is the typical rent in 34609?: A typical home in 34609 rents for about $2,005 a month, a gross rental yield of 7.4%.
What is the property tax rate in 34609?: The effective property tax rate in 34609 is 0.8% — roughly $2,493 a year on a typical home.
Who lives in 34609?: ZIP code 34609 has a population of 47,257 and a median household income of $79,442.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33777 vs 34609 →
Bardmoor CDP, FL
Typical home
$324,102
Gross yield
8.1%
34684 vs 34609 →
Palm Harbor CDP, FL
Typical home
$323,721
Gross yield
6.7%
33604
Tampa, FL
Typical home
$322,939
Gross yield
5.9%
33705
St. Petersburg, FL
Typical home
$327,611
Gross yield
7.8%
34604
Spring Hill CDP, FL
Typical home
$330,505
Gross yield
6.5%
33540
Crystal Springs CDP, FL
Typical home
$331,142
Gross yield
8.2%

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Pit ZIP 34609 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL34609

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