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 $166,969, higher than the Kentucky average of $164,895.
The average cost of rent is $1,136/mo in Florence, primarily driven by the current value of real estate in the Florence area. While nearly 30.06% of residents own their homes outright in Florence, 31.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $5,959 per month. Households that rent pay about 19.06% of their income on rent here. Florence's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Elsmere, KY: less expensive homes
- Union, KY: higher priced homes
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- Erlanger, KY: equally priced homes
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- Edgewood, KY: higher priced homes
- Crestview Hills, KY: higher priced homes
- Lakeside Park, KY: higher priced homes
- Independence, KY: higher priced homes
- Villa Hills, KY: higher priced homes
Cities with Similar Populations
- Ballwin, MO: higher priced homes
- Irondequoit, NY: less expensive homes
- East Lansing, MI: higher priced homes
- East Hartford, CT: equally priced homes
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- Bedford, TX: higher priced homes
- Princeton, FL: higher priced homes
- Marion, OH: less expensive homes
- Martinez, CA: higher priced homes
- Milford, CT: higher priced homes
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