\nThe housing in Florence, OR is higher than the US median value at $390,500. This is indicative of a strong and growing housing market with a 1 year appreciation rate of 8.24%, which is just below the national average of 8.27%. This signifies that Florence's housing market is competitive and that homes are becoming more valuable as time goes on. Investing in Florence real estate can be a wise decision for those looking to capitalize on its rising values.
The median home cost in Florence is $390,500. Home appreciation the last 10 years has been 126.6%. Home Appreciation in Florence is up 13.1%.
Average Age of Homes
- The median age of Florence real estate is 24 years old
The Rental Market in Florence
- Renters make up 31.2% 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.