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Here are a few good reasons to purchase property in Hernando County. With the real estate market blackened in all of Tampa Bay in 2009. Hernando County was one of the counties to take a hard hit. The housing values in Hernando County plummeted 18.8 percent through November 30, well above Tampa Bay's average decline of 13.1 percent. Hillsborough County had a depreciation of 14.7 percent. Pinellas County had a depreciation of 10.7 percent. Pasco County's depreciation was 11.2 percent. As an entrepreneur, I see those numbers as a huge BUY sign. Property is reasonably priced right now. How long it will stay that way, no one really knows. It is an excellent time for the purchase of investment properties.