Home Price Key
Affordable
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 $170,341, lower than the Colorado average of $430,259.
The average cost of rent is $762/mo in Florence, primarily driven by the current value of real estate in the Florence area. While nearly 47.16% of residents own their homes outright in Florence, 24.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $4,357 per month. Households that rent pay about 17.48% of their income on rent here. Florence's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Mount Pleasant, NC: higher priced homes
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- Murphy, MO: equally priced homes
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