Florence, KY is a desirable town for homeowners due to its relatively low median house value of $236,400 compared to the US median house value of $338,100. Homeowners in Florence have also seen an additional 14.21% gain in appreciation over the last year, which is well above the 8.27% one-year appreciation rate experienced by US houses overall. This makes Florence an excellent choice for those looking to invest in property and enjoy healthy returns on their investment.
The median home cost in Florence is $236,400. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Florence is up 15.5%.
Average Age of Homes
- The median age of Florence real estate is 30 years old
The Rental Market in Florence
- Renters make up 45.2% of the Florence population
- 1.1% of houses and apartments in Florence, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.