The housing market in Florence, IL is affordable compared to the US average. The median value of a house in Florence is $111,200, which is lower than the US median of $338,100. In the past year, the House Appreciation rate for Florence was 7.86%, slightly lower than the national rate of 8.27%. This means that homes in Florence have had more moderate appreciation and have remained somewhat affordable despite rising prices throughout the country. In short, those looking for a place to call home can find great deals on houses in Florence.
The median home cost in Florence is $111,200. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Florence is up 14.9%.
Average Age of Homes
- The median age of Florence real estate is 59 years old
The Rental Market in Florence
- Renters make up 23.5% of the Florence population
- 0.0% 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.