The housing market in Florence, AZ is looking very strong. The median value of a house in the city is $356,400, which is significantly higher than the US House Median Value of $338,100. In addition to this, the appreciation rate of houses has been much higher in Florence as compared to the national rate - with an increase of 15.44% over the last year compared to 8.27% across the country. This means that if you're looking for a good investment opportunity when it comes to housing, then Florence may be an ideal place to look into it.
The median home cost in Florence is $356,400. Home appreciation the last 10 years has been 223.9%. Home Appreciation in Florence is up 24.2%.
Average Age of Homes
- The median age of Florence real estate is 17 years old
The Rental Market in Florence
- Renters make up 19.4% of the Florence population
- 0.2% 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.