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Citrus County, FL

RANK #967 / 996  ·  POP 155,173  ·  FL

PROJECTED GROWTH: -3.9%

Citrus County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Citrus County?

Citrus County, Florida, distinguishes itself as the "Manatee Capital of the World," particularly in Crystal River, where visitors can legally swim with these gentle giants in their natural habitat. Located on Florida's Nature Coast, about 65 miles north of Tampa, the county offers a blend of suburban and rural living. Notable towns include Inverness, the county seat with a historic downtown, and Homosassa Springs, known for its wildlife park. Commutes to larger cities like Tampa or Orlando are manageable, and within the county, Citrus County Transit provides fixed routes and on-demand services. The area boasts extensive outdoor recreation, with over 50,000 acres of protected land, including springs, rivers, and state forests. Activities like kayaking, fishing, hiking on the Withlacoochee State Trail, and scalloping in the Gulf of Mexico are popular draws.

Life in Citrus County offers a relaxed pace, attracting retirees and those seeking a quieter lifestyle. The community maintains a small-town feel with local events and festivals. The economy, while historically agricultural, has diversified into tourism, healthcare, manufacturing, and technology. Major investment is flowing into sectors like data centers and energy, contributing to economic growth. The county also sees significant activity in homebuilding, which supports various trades and attracts workers. Public schools in Citrus County offer a range of programs, including specialized academies.

[02] Market Snapshot

Housing Ratio
5.5x

Above national median (4.7x)

GDP Growth
+1.3%

Well below national median

Home Prices
-3.8%

Prices declining

Climate & Terrain
3.4

Favorable climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 5.5x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Citrus County U.S. National

The Numbers

DEMOGRAPHICS
Population
155,173
+2.16% YoY
Median Household Income
$52,569
Median Home Value
$190,800
-3.82% 12mo
Median Rent
$1,000
Average Annual Pay
$48,953
+4.9% YoY
Employment
34,702
+0.6% YoY
Income-to-Home-Value
0.2755
More affordable than average
Migration Inflow
3.77%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$280,000
Days on Market
76
Slower market
Months of Supply
5.8
Buyer's market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
10.6%
Listings w/ Price Drops
31.2%
Building Permits (2024)
2,443
Single-Family Permits
2,415

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,225M
TOTAL
PROJECT AMOUNT STATUS
Citrus Combined-Cycle Power Plant
Duke Energy Florida
$1,500M Operating
Holder Industrial Park Data Center Proposal
Deltona Corporation
$500M Proposed
Powerline Energy Storage
Undisclosed
$100M Planned
Bay Trail Solar Power Plant
Duke Energy Florida
$75M Operating
Crystal Ridge Residential Community
DIX Developments
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.3% 21 percentile
Population Growth +2.2% 90 percentile
Income Growth +8.0% 37 percentile
Vacancy Rate 1.3% 33 percentile
Home Price Change -3.8% 6 percentile
Rent Growth -1.6% 3 percentile
Price/Rent 9x 94 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Citrus County, FL a good place to move to?

Citrus County has a Boom Town Index score of 3/100, ranking #967 among 996 U.S. counties. With job growth at +0.6% and a median household income of $52,569, it faces some economic headwinds compared to faster-growing counties.

Is Citrus County affordable?

The median home value in Citrus County is $190,800 with median rent at $1,000/month. The income-to-home-value ratio is 0.2755, which is more affordable than the national average.

Is Citrus County growing or shrinking?

Population growth: +2.2% year-over-year. Job growth: +0.6%. Home values changed -3.8% in the past 12 months.

Are people moving to Citrus County?

Yes — 3.77% of Citrus County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greenville County, SC 13 Seminole County, FL 13 Terrebonne Parish, LA 13 Clayton County, GA 13 Worcester County, MD 13 Cleveland County, NC 13 Horry County, SC 13 Deschutes County, OR 13