Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Florence area can be challenging. Home prices in Florence are now at a median cost of $171,730, lower than the Alabama average of $185,232.
The average cost of rent is $768/mo in Florence, primarily driven by the current value of real estate in the Florence area. While nearly 53.05% of residents own their homes outright in Florence, 40.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $4,630 per month. Households that rent pay about 16.59% of their income on rent here. Florence's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
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Cities with Similar Populations
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