Home Price Key
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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 $329,919, higher than the Montana average of $298,413.
The average cost of rent is $972/mo in Florence, primarily driven by the current value of real estate in the Florence area. While nearly 41.95% of residents own their homes outright in Florence, 12.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florence is $5,983 per month. Households that rent pay about 16.25% of their income on rent here. Florence's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
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