Florence
South Carolina · Ranked #72 of 373 metros
88Affordable
💡
Housing in Florence costs 3.21× the median income, below the national average of 4.5×. The median home price is $161K and median rent is $957/month. Florence ranks #72 of 373 metros for affordability.
Median Home Price
🏠$161K
Need $47K income
Median Rent
🔑$957
Need $38K income
Building Permits
🔨861
annual
Median Income
💰$50K
Pop: 198,486
Rent Burden
⚠️23.7%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Florence | National |
|---|---|---|
| Price-to-Income Ratio | 3.21x | 6.1x |
| Rent Burden | 23.7% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +59.1%Since 2000: +126.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$948/mo
1 Bedroom$953/mo
2 Bedroom$1,117/mo
3 Bedroom$1,434/mo
4 Bedroom$1,588/mo
Zillow Market Data
Home Value (ZHVI)
$187K
1yr: +2.9%5yr: +31.4%
Rent (ZORI)
$1,295/mo
1yr: +5.6%5yr: +38.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$475K
Active Inventory
9
Days on Market
25
Sold Above List
0.0%
Price Drops
44.4%