The housing market in Florence, MI is currently flourishing with a median value of $205,200 compared to the US median value of $338,100. Furthermore, the one year house appreciation rate in Florence is 10.54%, which is higher than the US average of 8.27%. This indicates that housing prices in Florence are rising at a steady pace and that it may be a good time to invest in real estate there. Thus, for those looking for an attractive and affordable place to buy or rent a home, Florence offers an ideal option.
The median home cost in Florence is $205,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Florence is up 14.9%.
Average Age of Homes
- The median age of Florence real estate is 46 years old
The Rental Market in Florence
- Renters make up 10.7% 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.