In Florence, Alabama (35631), the median housing value is $141,800. This is significantly lower than the US median housing value of $338,100. Despite this major difference in cost, Florence has a greater one year house appreciation rate than the national average at 15.32%, compared to 8.27%. This indicates that there is an increase in demand for homes in Florence due to its affordability and positive potential for growth.
The median home cost in Florence (zip 35630) is $141,800. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Florence (zip 35630) is up 19.8%.
Average Age of Homes
- The median age of Florence (zip 35630) real estate is 46 years old
The Rental Market in Florence (zip 35630)
- Renters make up 43.7% of the Florence (zip 35630) population
- 2.3% of houses and apartments in Florence (zip 35630), 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.