The housing market in Florence, SC is quite strong. The median value of homes in the area is $197,600 which is significantly lower than the US median house value of $338,100. However, over the last year there has been an increase in house values of 15.54%, which is higher than the US 1 year appreciation rate of 8.27%. This shows that many people are choosing to invest in real estate in Florence and that its housing market is strong and growing.
The median home cost in Florence is $197,600. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Florence is up 21.9%.
Average Age of Homes
- The median age of Florence real estate is 39 years old
The Rental Market in Florence
- Renters make up 35.6% of the Florence population
- 3.2% 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.