2025 Compare Cities Housing:
Florence, AL vs Memphis, TN

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Highlights
- The median age of a home in Florence is 6.1% younger than the median age of a home in Memphis.
 Florence, ALMemphis, TNUnited States
 Median Home Age49  Unlock42
 Median Home Cost  Unlock$148,300$338,100
 Home Appr. Last 12 months19.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock61.3%57.0%
 Home Appr. Last 10 yrs.74.6%  Unlock101.1%
 Property Tax Rate  Unlock$14.8$11.0
 Homes Owned41.7%  Unlock57.4%
 Housing Vacant  Unlock14.0%11.2%
 Homes Rented44.6%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Florence, ALMemphis, TNUnited States
 Average Rent  Unlock$1,380$1,840
 Studio Apartment$590  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$920$1,180
 2 Bedroom Home or Apartment$830  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,400$1,860
 4 Bedroom Home or Apartment$1,280  Unlock$2,160
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 Vacant Housing
 Florence, ALMemphis, TNUnited States
 Vacant For Rent  Unlock4.0%1.9%
 Vacant Rented1.1%  Unlock0.4%
 Vacant For Sale  Unlock0.4%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.3%3.6%
 Vacant Other8.5%  Unlock4.1%
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 Owner-Occupied Housing Value
 Florence, ALMemphis, TNUnited States
 Less Than $20,000  Unlock2.9%2.6%
 $20,000 to $39,9993.9%  Unlock2.4%
 $40,000 to $59,999  Unlock10.3%2.8%
 $60,000 to $79,9997.0%  Unlock3.9%
 $80,000 to $99,999  Unlock12.3%4.5%
 $100,000 to $149,99921.3%  Unlock11.3%
 $150,000 to $199,999  Unlock11.9%13.0%
 $200,000 to $299,99915.8%  Unlock20.1%
 $300,000 to $399,999  Unlock5.6%13.6%
 $400,000 to $499,9993.1%  Unlock8.3%
 $500,000 to $749,999  Unlock2.7%9.7%
 $750,000 to $999,9990.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.8%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
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 Housing Units By Year Built
 Florence, ALMemphis, TNUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock6.3%13.6%
 2000 to 20095.9%  Unlock13.6%
 1990 to 1999  Unlock9.5%13.6%
 1980 to 198910.4%  Unlock13.2%
 1970 to 1979  Unlock17.9%14.8%
 1960 to 196912.9%  Unlock13.6%
 1950 to 1959  Unlock20.0%10.0%
 1940 to 19496.5%  Unlock4.7%
 1939 or Earlier  Unlock7.7%12.2%
Reviews for Florence    8 Reviews

Over 15 years ago

I am a 41 yr old female in search of a new life. I am not running I amj ust trying to find myself some happiness and I would like to know what I can rent there to make  More

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Over 15 years ago

A few years ago, while i was still living in Florence, the local newspaper did an article abt why the young educated people were leaving Florence. In my early 20's as i  More

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Over 16 years ago

we will relocate to Alabama, Muscle Shoals, Florence, Sheffield area.We would like a nice town to live in, where our two kids can grow up and would not cost us a  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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