Florence Metro Area, SC Housing

Florence, SC Metro Area is thriving when it comes to housing. The median value of homes in this area is $159,800, which is significantly lower than the US median value of $338,100. However, this does not mean that Florence is not experiencing growth. In fact, the one year house appreciation rate for this area is 16.51%, which far exceeds the national average of 8.27%. This means Florence homeowners can expect healthy returns on their investments over time and for the market to remain strong in the years to come.

The median home cost in Florence Metro Area is $159,800. Home appreciation the last 10 years has been 81.1%. Home Appreciation in Florence Metro Area is up 22.0%.

Average Age of Homes

- The median age of Florence Metro Area real estate is 36 years old

The Rental Market in Florence Metro Area

- Renters make up 29.0% of the Florence Metro Area population
- 2.3% of houses and apartments in Florence Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Florence, South Carolina	United States
	89,818.0	139,647,020.0
	39	42
	$159,800	$338,100
	22.0%	16.6%
	59.4%	57.0%
	81.1%	101.1%
	$4.51	$10.98
	$578	$2,690
	56.7%	57.4%
	14.2%	11.2%
	29.0%	31.4%
Vacant Housing
	2.3%	1.9%
	0.1%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	1.6%	3.6%
	9.1%	4.1%
Value of Owner-Occupied Housing
	7.8%	2.6%
	6.2%	2.4%
	6.7%	2.8%
	9.0%	3.9%
	9.1%	4.5%
	18.3%	11.3%
	15.7%	13.0%
	15.7%	20.1%
	6.8%	13.6%
	2.1%	8.3%
	1.9%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.1%	13.6%
	13.1%	13.6%
	18.4%	13.6%
	16.3%	13.2%
	17.4%	14.8%
	18.4%	13.6%
	8.6%	10.0%
	3.4%	4.7%
	3.8%	12.2%

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