Zip 29506 (Florence, SC) Housing

The housing market in 29506 Florence, SC shows promising trends for potential home buyers. The median value of housing in the area is $114,900, which is much lower than the US house median value of $338,100. In addition, the 1 year house appreciation rate in Florence is 15.54%, more than double the US average of 8.27%. This indicates that buying a home now could lead to significant gains over time and make it an attractive option for potential homeowners.

The median home cost in Florence (zip 29506) is $114,900. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Florence (zip 29506) is up 21.9%.

Average Age of Homes

- The median age of Florence (zip 29506) real estate is 39 years old

The Rental Market in Florence (zip 29506)

- Renters make up 35.2% of the Florence (zip 29506) population
- 4.0% of houses and apartments in Florence (zip 29506), 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
	8,227.0	139,647,020.0
	43	42
	$114,900	$338,100
	21.9%	16.6%
	59.2%	57.0%
	81.7%	101.1%
	$5.35	$10.98
	$510	$2,690
	44.7%	57.4%
	17.0%	11.2%
	38.3%	31.4%
Vacant Housing
	4.0%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	2.2%	3.6%
	9.9%	4.1%
Value of Owner-Occupied Housing
	7.7%	2.6%
	6.7%	2.4%
	6.6%	2.8%
	16.6%	3.9%
	15.9%	4.5%
	17.8%	11.3%
	5.2%	13.0%
	6.6%	20.1%
	7.0%	13.6%
	5.7%	8.3%
	4.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	14.7%	13.6%
	16.5%	13.2%
	20.5%	14.8%
	14.7%	13.6%
	13.1%	10.0%
	2.9%	4.7%
	2.7%	12.2%

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