Home Price Key
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Average
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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 $105,600, lower than the Indiana average of $175,617.
The average cost of rent is $976/mo in Florence, primarily driven by the current value of real estate in the Florence area. While nearly 25.19% of residents own their homes outright in Florence, 23.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $4,885 per month. Households that rent pay about 19.98% of their income on rent here. Florence's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
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