34602 — Hernando County, Florida Market Snapshot
Housing market data for zip code 34602 in Hernando County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
66 sales in 2026 (year to date)
Median Sale Price
$297,000
Days to Sell
126
Homes Sold
66
Inventory
70
Sale-to-List
97.5%
New Listings
56
Price/SqFt
$186
Pending Sales
66
Conforming Loan Available
Most homebuyers in 34602 can comfortably use conventional financing. The median home price of $297,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 126 days on average, 34602 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 34602 sells for 2.5% below asking price (97.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 34602 can comfortably use conventional financing. The median home price of $297,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 34602 are set at the county level.
2026 Loan Limits — Hernando County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 34602
To purchase the median home at $297,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,426.
Monthly Payment
$2,426
Income Required
$103,951
Principal & Interest
$1,830/mo
Down Payment (5%)
$14,850
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 34602.
Estimated Monthly Payment
$1,988
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