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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 $252,957, lower than the Colorado average of $579,698.
The average cost of rent is $788/mo in Florence, primarily driven by the current value of real estate in the Florence area. In Florence, 26.71% of households rent, and 58.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $4,362 per month. Households that rent pay about 18.07% of their income on rent here. Florence’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockvale, CO: equally priced homes
- Williamsburg, CO: higher priced homes
- Brookside, CO: equally priced homes
- Portland, CO: higher priced homes
- Lincoln Park, CO: higher priced homes
- Penrose, CO: higher priced homes
- Canon City, CO: higher priced homes
- Prospect Heights, CO: higher priced homes
- Swallows, CO: higher priced homes
- Pueblo West, CO: higher priced homes
Cities with Similar Populations
- Princeton, KY: less expensive homes
- Morrison, CO: higher priced homes
- Morton, MS: less expensive homes
- Mound, MN: higher priced homes
- Mount Carmel, IL: less expensive homes
- Mount Gilead, OH: equally priced homes
- Mount Pleasant, NC: higher priced homes
- Mountain View, HI: higher priced homes
- Murphy, MO: less expensive homes
- Mystic Island, NJ: higher priced homes
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