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Florida / Citrus County / Inverness

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Inverness

City, Citrus County. Population 7,937 (2025), +0.2% on the prior year, +5.2% since 2020 Last updated 2026-10-04.

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Inverness

Boundary: US Census Bureau TIGER/Line, simplified for drawing. 8.05 square miles of land.

Population

2025
Population7,937Population, April 1, 1979 to 202519797.9k high2025
Change since the prior year+0.2%2024 to 2025
Change since 2020+5.2%2020 to 2025
Census 20207,5432020

University of Florida Bureau of Economic and Business Research, Florida Estimates of Population, retrieved 2026-10-01 | Population estimates

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Basis of the latest figureestimate2025

Population by year

April 1 of each year. Basis is census in a census year, otherwise BEBR's estimate.

YearPopulationBasisChange
20257,937estimate+0.2%
20247,922estimate+0.8%
20237,860estimate+0.6%
20227,812estimate+0.6%
20217,765estimate+2.9%
20207,543census+2.8%
20197,340estimate-0.5%
20187,380estimate+1.5%
20177,272estimate+0.3%
20167,251estimate+0.3%
20157,227estimate+0.5%
20147,193estimate+0.1%
20137,186estimate-0.1%
20127,195estimate-0.1%
20117,200estimate-0.1%
20107,210census+0.2%
20097,194estimate-1.3%
20087,288estimate0.0%
20077,286estimate+0.6%
20067,240estimate+0.4%
20057,208estimate+1.4%
20047,105estimate+1.2%
20037,020estimate+2.1%
20026,878estimate+0.6%
20016,837estimate+0.7%
20006,789census-2.4%
19996,956estimate+0.4%
19986,925estimate+1.8%
19976,801estimate+0.9%
19966,741estimate+1.5%
19956,644estimate+1.4%
19946,553estimate+1.4%
19936,462estimate+5.2%
19926,140estimate+2.8%
19915,973estimaten/a
19896,200estimate+6.2%
19885,838estimate+7.9%
19875,409estimate+4.4%
19865,183estimate+7.6%
19854,816estimate+5.9%
19844,548estimate+5.7%
19834,303estimate-0.9%
19824,343estimate+2.0%
19814,256estimaten/a
19793,398estimaten/a

Labor force (county figures)

Aug 2026

County figures, no city estimate published by FloridaCommerce

Unemployment rate (Citrus County)6.7%Unemployment rate, not seasonally adjusted, Aug 2016 to Aug 2026Aug 201613.4% highAug 2026
Labor force (Citrus County)54,520Aug 2026
Employment (Citrus County)50,856Aug 2026
Unemployed (Citrus County)3,664Aug 2026
Rate a year earlier6.2%Aug 2025
Labor force, change on a year earlier-0.7%Aug 2026

US Bureau of Labor Statistics, Local Area Unemployment Statistics, retrieved 2026-10-01 | Labor force page

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Latest month is preliminaryyesAug 2026

Monthly, last three years

Not seasonally adjusted. The latest month may be preliminary.

MonthLabor forceEmployedUnemployedRate
Aug 202654,52050,8563,6646.7%
Jul 202653,45449,8053,6496.8%
Jun 202655,01551,3513,6646.7%
May 202654,87351,3513,5226.4%
Apr 202654,96651,3423,6246.6%
Mar 202655,00751,4333,5746.5%
Feb 202655,29751,3463,9517.1%
Jan 202654,91450,8154,0997.5%
Dec 202554,81851,1703,6486.7%
Nov 202555,15551,2043,9517.2%
Sep 202555,19151,7333,4586.3%
Aug 202554,91451,5053,4096.2%
Jul 202553,86150,5663,2956.1%
Jun 202554,87051,7743,0965.6%
May 202554,69851,9182,7805.1%
Apr 202554,74152,0502,6914.9%
Mar 202554,86852,1912,6774.9%
Feb 202554,45451,5962,8585.2%
Jan 202554,43851,4582,9805.5%
Dec 202453,84151,2882,5534.7%
Nov 202453,94251,1602,7825.2%
Oct 202454,37751,5192,8585.3%
Sep 202454,56451,7122,8525.2%
Aug 202454,67051,7412,9295.4%
Jul 202453,80750,7723,0355.6%
Jun 202454,36651,6142,7525.1%
May 202453,54051,1542,3864.5%
Apr 202453,40151,1552,2464.2%
Mar 202453,58951,2192,3704.4%
Feb 202453,09050,5672,5234.8%
Jan 202453,30850,6792,6294.9%
Dec 202353,32651,0372,2894.3%
Nov 202353,56251,1312,4314.5%
Oct 202353,91651,3992,5174.7%
Sep 202353,99151,3772,6144.8%
Aug 202354,14951,4602,6895.0%

Annual averages

YearLabor forceEmployedUnemployedRate
202554,72851,5603,1685.8%
202453,87551,2152,6604.9%
202353,53251,2262,3064.3%
202252,31250,1662,1464.1%
202150,59947,7932,8065.5%
202049,37545,2784,0978.3%
201950,11947,7692,3504.7%
201850,30447,7642,5405.0%
201750,70347,8592,8445.6%
201650,90747,6523,2556.4%
201547,76944,1453,6247.6%
201447,99743,7334,2648.9%
201349,14344,1654,97810.1%
201251,19445,4925,70211.1%
201151,92145,3206,60112.7%

Sales and visitor spending

12 months to Mar 2026
BusinessFlare® estimate, last 12 months$629.4M

Monthly series, visitor, resident and big ticket groups, chart and workbook with the pass. Get the pass / Sign in

Pass holders: once signed in on the pass page, the monthly estimate loads here.

Economic Census geographic area series, retail trade and accommodation and food services, 2017 and 2022, retrieved 2026-10-01; BusinessFlare® city-level sales and visitor spending estimate (method and error; the figures are Street Economics Pass data), retrieved 2026-10-04 | How the estimate is made

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BusinessFlare® estimate from public sources. The estimate anchors on the sales the US Census Bureau published for this place in the 2017 and 2022 Economic Census, for retail trade and for accommodation and food services, and moves them month by month with the county's sales tax returns by kind of business (Florida Department of Revenue Form 10). After the 2022 anchor the place's share of the county moves with the growth of its commercial property on the Department's 2026 tax roll, as submitted by the county property appraiser, by use code: stores, shopping centers, supermarkets and auto dealers for retail; restaurants, bars and hotels for accommodation and food. The three spending groups follow the county's kind code mix within each sector. Every place with both anchors was carried from 2017 to 2022 the same way and the landing on the 2022 Census figure is the published error.

A landing error over 25% carries a wide error flag. The error is published with every figure; an estimate is never shown without it. Rounded to the nearest hundred thousand dollars; the monthly series is pass data.

Statewide median error, 2017 to 2022 back-test15.7%2017 to 2022
Retail trade (NAICS 44-45): Census sales 2017$435M2017
Retail trade (NAICS 44-45): Census sales 2022$556M2022
Retail trade (NAICS 44-45): 2022 landing error5.6%2022
Accommodation and food services (NAICS 72): Census sales 2017$44.3M2017
Accommodation and food services (NAICS 72): Census sales 2022$56.9M2022
Accommodation and food services (NAICS 72): 2022 landing error20.4%2022

Economic Census anchors and the back-test

SectorCensus sales 2017Census sales 20222017 carried to 2022Landing error
Retail trade (NAICS 44-45)$435M$556M$587M5.6%
Accommodation and food services (NAICS 72)$44.3M$56.9M$68.6M20.4%

Business base

Aug 2026
Licensed food service, lodging and alcohol businesses148New licenses by month, Sep 2016 to Aug 2026Sep 20162 highAug 2026
Food service licenses69Aug 2026
Lodging licenses25Aug 2026
Alcoholic beverage licenses54Aug 2026
New licenses, last 12 months5Aug 2026
New business filings, last 12 months (postal city)486Sep 2026
Change on the 12 months before+5.9%Sep 2026
New filings, latest month21Sep 2026

Florida DBPR active licensure base files: public food service, public lodging and retail alcoholic beverage licenses, retrieved 2026-10-01; Florida Division of Corporations (Sunbiz) bulk corporate data files, new entity filings by month, retrieved 2026-10-01 | Licenses Business formations

Licenses are placed inside the city limits by their geocoded address.

Business formations are by postal city: Inverness, which is not the city limits.

No ZIP code has its Census internal point inside this place, so ZIP Code Business Patterns are not shown.

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Licenses by type

Counted licenses in DBPR's food service, lodging and alcoholic beverage files, placed by geocoded address.

License typeFileActive
2010-SEATfood58
2COPalcohol17
2003-NAPTlodging14
2APSalcohol13
4COP-SFSalcohol12
2007-DWEL-SNGLlodging8
2014-MFDVfood7
3PSalcohol5
11Calcohol4
2010-NOSTfood2
2014-HTDGfood2
11CGalcohol1
1COPalcohol1
2COP-SFSalcohol1
2001-HOTLlodging1
2002-MOTLlodging1
2006-CNDO-SNGLlodging1

Filings by entity type, last 12 months

Sunbiz new entity filings by the ZIP code of the principal address, grouped to the USPS postal city (postal city: Inverness)

Entity typeLast 12 months12 months before
Florida limited liability companies445398
Florida profit corporations2640
Florida non-profit corporations1420
Out of state entities registering in Florida11
Partnerships, trusts and other filings00

Building permits

Aug 2026
Housing units permitted, last 12 months23Housing units permitted by month, Dec 1999 to Aug 2026Dec 199929 highAug 2026
Change on the 12 months before-52.1%Aug 2026
Permit valuation, last 12 months$5.14MAug 2026
Units, latest month4Aug 2026
Single family units, last 12 months14Aug 2026
Units in buildings of 5 or more, last 12 months0Aug 2026
Units, latest annual table522025

US Census Bureau, Building Permits Survey, place and county residential permits, retrieved 2026-10-01 | Building permits

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Monthly, last three years

Residential permits as the Bureau publishes them; imputed months are the Bureau's imputations.

MonthUnits1 unit5 or moreValuation
Aug 2026420$770K
Jul 2026000$0
Jun 2026000$0
May 2026330$960K
Apr 2026410$424K
Mar 2026000$0
Feb 2026110$332K
Jan 2026220$431K
Dec 2025110$414K
Nov 2025000$0
Oct 2025640$1.61M
Sep 2025200$200K
Aug 2025000$0
Jul 2025000$0
Jun 2025110$150K
May 20251376$3.72M
Apr 2025660$1.96M
Mar 2025440$1.31M
Feb 202519190$6.18M
Jan 2025000$0
Dec 2024110$150K
Nov 2024000$0
Oct 2024000$0
Sep 2024440$1.42M
Aug 2024110$125K
Jul 2024220$605K
Jun 2024770$1.12M
May 2024110$298K
Apr 202410100$3.45M
Mar 2024440$929K
Feb 2024110$200K
Jan 2024000$0
Dec 202312120$4.37M
Nov 2023440$1.92M
Oct 2023440$655K
Sep 2023220$716K

Annual table

YearUnits1 unit5 or moreValuation
202552426$15.6M
202431310$8.3M
202337310$11.3M
202228260$9.5M
202123210$3.78M
202017170$2.82M
20191126106$9.21M
201822220$2.09M
201719190$1.64M
2016000$0
2015880$600K
2014110$120K
2013000$0
2012000$0
2011110$207K

Property roll

2026 final
Total just value$1.24B
Total taxable value (non school)$731M2026 final
Total taxable value (school)$806M2026 final
Just value, change on the prior roll+0.8%2025 final roll to 2026 final
Taxable value (non school), change on the prior roll+4.5%2025 final roll to 2026 final
Total just value, prior roll$1.24B2025 final roll
New construction value$17.6M2026 final
Parcels7,3462026 final

Florida Department of Revenue, NAL tax roll, 2026 preliminary and final as posted, retrieved 2026-10-03

Parcels are placed by Census block group through the Census Bureau's block assignment file; a parcel in a block group that straddles the limits is apportioned. Census 2020 block groups; 72% of the county's just value lies in a place. Medians are over the parcels whose block group lies mostly in the place. Qualified sales: the roll's own sale fields, qualification codes 01 and 02, improved, single parcel.

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Median single family just value$181K2026 final
Qualified sales, last 12 months206Jun 2025 to May 2026
Median qualified sale price$236KJun 2025 to May 2026
Just value, residential$787M2026 final
Just value, commercial$181M2026 final
Just value, industrial$10.4M2026 final
Just value, agricultural$15.2M2026 final
Just value, vacant$33M2026 final
Just value, institutional$102M2026 final
Just value, government$110M2026 final
Just value, other$6.48M2026 final

Just value by use group

Department of Revenue land use codes grouped: residential 001 to 009, commercial 011 to 039, industrial 041 to 049, agricultural 050 to 069, vacant 000, 010, 040 and 070, institutional 071 to 079, government 080 to 089, other 090 to 099. Taxable is the non school taxable value. Just value change compares with the 2025 final roll, summed the same way.

Use groupParcelsJust valueTaxable (non school)New constructionResidential unitsJust value change
Residential4,039$787M$453M$17.2M4,715+1.0%
Commercial327$181M$175M$295Kn/a+0.5%
Industrial22$10.4M$9.91M$3.87Kn/a+7.9%
Agricultural49$15.2M$3.04M$3.58Kn/a+0.2%
Vacant2,539$33M$25.8M$18Kn/a-2.1%
Institutional54$102M$58.7M$50.3Kn/a0.0%
Government240$110M$230K$21.2Kn/a+1.2%
Other76$6.48M$6.42M$0.8Kn/a-1.2%

Housing

2020 to 2024 ACS
Housing units4,638Homeownership rate, 1990 to 2024199071.0% high2024
Occupied units4,0592020 to 2024 ACS
Vacant units5792020 to 2024 ACS
Owner occupied households2,8802020-2024 5-Year
Renter occupied households1,1792020-2024 5-Year
Homeownership rate71.0%2020 to 2024 ACS
Cost burdened households, all tenures (over 30% of income)30.8%2025
Cost burdened renter households53.5%2025

Shimberg Center for Housing Studies, Florida Housing Data Clearinghouse, retrieved 2026-10-01 | Housing data

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Severely cost burdened renters (over 50%)32.8%2025
Assisted housing developments16Assisted Housing Inventory
Assisted units504Assisted Housing Inventory
Median gross rent$1.0K2020 to 2024 ACS
Median single family sale price$240K2024

Cost burden by income, 2025

Households by the share of income spent on housing, Shimberg Center estimates for 2025.

TenureIncome (share of area median)30% or less30.1 to 50%Over 50%
All households30% AMI or less6951348
All households30.01-50% AMI145125220
All households50.01-80% AMI54617537
All households80.01-120% AMI3921680
All householdsGreater than 120% AMI1,430240
Renters30% AMI or less360250
Renters30.01-50% AMI078197
Renters50.01-80% AMI149720
Renters80.01-120% AMI1911070
RentersGreater than 120% AMI257240
Owners30% AMI or less335198
Owners30.01-50% AMI1454723
Owners50.01-80% AMI39710337
Owners80.01-120% AMI201610
OwnersGreater than 120% AMI1,17300

Single family sales by year

YearMedian priceSales
1996$53.3K117
1997$54.2K104
1998$54K133
1999$62.9K157
2000$61.5K141
2001$65K184
2002$66.5K190
2003$70K195
2004$86.2K242
2005$118K235
2006$130K174
2007$124K84
2008$94.8K94
2009$85K67
2010$80K72
2011$69K73
2012$70.6K80
2013$70K103
2014$69.9K79
2015$77K138

Assisted housing developments

Shimberg Center Assisted Housing Inventory.

DevelopmentAddressCityUnitsAssisted
Colonnade Park1800 Colonade StreetInverness106106
Inverness Club518 Ella AvenueInverness7474
Heron Woods701 White BoulevardInverness5050
Washington Square Apartments300 WASHINGTON AVEInverness4343
Raintree Apts II201 E HILL STREETInverness3434
Parke Forest Apts1133 MOSSY OAK DR.Inverness3232
Raintree Apts., Ltd201 E HILL ST.Inverness3232
Parke Forest Apt II1133 MOSSY OAK DR.Inverness2828
Candlewood Court Apts307 WASHINGTON AVE.Inverness2424
Knollwood Townhomes1712 DRUID ROADInverness2020
Key Vista Apartments222 PLEASANT GROVE RDInverness1717
Key Center Homes505 ELLA AVENUEInverness1212
Key Light Homes307 EMORY STREETInverness1212
Key Manor Apartments408 ZEPHYR STInverness88
Country Walk-InvernessSW corner of Country Walk & Colonnade StreetInverness66
Detmer Place905 Jones AvenueInverness66

Fiscal

Sep 2026
Half-cent sales tax, latest month$47.5KHalf-cent sales tax distributions by month, Oct 2016 to Sep 2026Oct 2016$56.4K highSep 2026
Half-cent sales tax, fiscal year to date$561KFY2026 to Sep 2026
Half-cent sales tax, last 12 months$561KSep 2026
Half-cent sales tax, change on the 12 months before-3.1%Sep 2026
State revenue sharing, latest month$27.7KSep 2026
State revenue sharing, fiscal year to date$335KFY2026 to Sep 2026
State revenue sharing, last 12 months$335KSep 2026
State revenue sharing, change on the 12 months before+1.0%Sep 2026

Florida Office of Economic and Demographic Research, Expenditures and Revenues Reported by Florida's County and Municipal Governments, retrieved 2026-10-01; Florida Department of Revenue, Revenue Confirmation Online, distributions to local governments, retrieved 2026-10-01; Florida Department of Financial Services, LOGERx local government Annual Financial Report data, long-term debt outstanding, retrieved 2026-10-04 | Distributions Annual financial report

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Total revenues$25.1MFY2024
Revenues, change on the year before+8.5%FY2024
Total expenditures$20.6MFY2024
Expenditures, change on the year before+12.1%FY2024
Revenues per resident$3.17KFY2024
Long-term debt outstanding at year end$23.3MFY2025
Long-term debt, change on the year before-4.3%FY2025

Half-cent sales tax, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$47.5K
Aug 2026$47.8K
Jul 2026$47.2K
Jun 2026$49.1K
May 2026$53.5K
Apr 2026$45.3K
Mar 2026$45K
Feb 2026$49.2K
Jan 2026$45K
Dec 2025$45.8K
Nov 2025$43.4K
Oct 2025$42.1K
Sep 2025$49.8K
Aug 2025$49.1K
Jul 2025$50.9K
Jun 2025$54.6K
May 2025$54.1K
Apr 2025$51K
Mar 2025$46.6K
Feb 2025$49.7K
Jan 2025$39.3K
Dec 2024$47K
Nov 2024$41.9K
Oct 2024$45.4K
Sep 2024$46.8K
Aug 2024$47.7K
Jul 2024$49.9K
Jun 2024$51.7K
May 2024$54.7K
Apr 2024$51K
Mar 2024$45.1K
Feb 2024$51.5K
Jan 2024$47.1K
Dec 2023$46K
Nov 2023$46.4K
Oct 2023$47.6K

State revenue sharing, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$27.7K
Aug 2026$27.7K
Jul 2026$27.7K
Jun 2026$27.4K
May 2026$27.4K
Apr 2026$27.4K
Mar 2026$27.4K
Feb 2026$27.4K
Jan 2026$27.4K
Dec 2025$29K
Nov 2025$29K
Oct 2025$29K
Sep 2025$29.7K
Aug 2025$29.7K
Jul 2025$29.7K
Jun 2025$26.5K
May 2025$26.5K
Apr 2025$26.5K
Mar 2025$26.5K
Feb 2025$26.5K
Jan 2025$26.5K
Dec 2024$26.5K
Nov 2024$28.3K
Oct 2024$28.3K
Sep 2024$28.3K
Aug 2024$28.3K
Jul 2024$28.3K
Jun 2024$28.6K
May 2024$28.6K
Apr 2024$28.6K
Mar 2024$28.6K
Feb 2024$28.6K
Jan 2024$28.6K
Dec 2023$28.6K
Nov 2023$28.6K
Oct 2023$28.6K

Long-term debt by fiscal year

Total long-term debt outstanding at fiscal year end, all funds, as the government reported it to the Department of Financial Services in its Annual Financial Report.

Fiscal yearDebt outstandingChange
FY2025$23.3M-4.3%
FY2024$24.3M-3.2%
FY2023$25.1M-4.0%
FY2022$26.2M-20.6%
FY2021$33M+17.4%
FY2020$28.1M+64.9%
FY2019$17M-43.9%
FY2018$30.3M-2.8%
FY2017$31.2M+202.2%
FY2016$10.3M-5.2%
FY2015$10.9M-5.6%
FY2014$11.5M-4.6%
FY2013$12.1Mn/a

Revenues by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Taxes$7.29M$5.34M+36.6%
Permits, Fees, and Special Assessments$1.51M$1.54M-1.7%
Intergovernmental Revenues$4.07M$5.58M-27.1%
Charges for Services$6.77M$6.35M+6.6%
Judgments, Fines, and Forfeits$105K$40.4K+160.2%
Miscellaneous Revenues$1.9M$1.39M+37.0%
Other Sources$3.45M$2.9M+18.9%
Taxesn/an/an/a
Intergovernmental Revenuen/an/an/a
Permits and Franchise Feesn/an/an/a

Expenditures by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Services (Not Court-Related)$2.83M$2.47M+14.7%
Public Safety$2.48M$1.95M+26.9%
Physical Environment$5.36M$5.12M+4.7%
Transportation$2.55M$2.57M-0.8%
Economic Environment$1.27M$1.04M+22.2%
Culture / Recreation$2.62M$2.28M+15.0%
Other Uses and Non-Operating$3.45M$2.92M+18.2%
Other Usesn/an/an/a

Bank deposits

June 30, 2026
Deposits (offices reporting this city)$993MDeposits, June 30 each year, 1994 to 20261994$995M high2026
Change on a year earlier-0.2%June 30, 2026
Change, real-3.3%June 30, 2026
Branches10June 30, 2026
Institutions8June 30, 2026
Branches opened since the survey a year earlier0June 30, 2026
Branches closed since the survey a year earlier0June 30, 2026

FDIC Summary of Deposits, Florida offices, every June 30 since 1994, retrieved 2026-10-01 | Bank deposits

Offices whose reported city is Inverness.

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Offices, June 30, 2026

Deposits as each office reports them to the FDIC; the city is the one the bank reports, not a municipal boundary.

InstitutionBranchAddressCityDeposits
Brannen BankBrannen Bank320 S Highway 41Inverness$285M
Bank of America, National AssociationCitrus Village Branch2483 E Gulf To Lake HwyInverness$170M
Wells Fargo Bank, National AssociationInverness Branch2437 E Gulf To Lake HwyInverness$116M
Truist BankInverness Branch408 S Us Highway 41Inverness$97M
Regions BankInverness Main Branch809 W Main StInverness$90.1M
The Huntington National BankInverness Fl Branch301 S Us Highway 41Inverness$79M
PNC Bank, National AssociationInverness South Branch2875 E Gulf To Lake HwyInverness$50.6M
Capital City BankInverness Branch810 W Main StInverness$38.1M
Brannen BankWest Inverness Branch401 N Central AveInverness$35.8M
Brannen BankDowntown Branch200 W Main StInverness$31.2M

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