Florence, MT—59833
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florence, MT
Florence, MT lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $641,000 | 0.3% |
| Single Family | $641,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $536,000 | -0.6% |
3 Bed | $626,000 | 0.0% |
4 Bed | $729,000 | -0.1% |
| 5 Bed | $869,000 | 0.6% |
% of Housing Stock
Rental Trends — Florence, MT
As of July '25, Rentcast reports the average rent in Florence, MT is $1,810, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Florence, MT is 1-bedrooms: $1,220, 3-bedrooms: $2,200. The most common rental property sizes in Florence, MT are 2-bedroom and 3-bedroom, accounting for 57.9% and 16.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,220 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Florence, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence, MT is 102. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $953,000 | 1.0% |
Listing Count | 46 | 20.0% |
| Listings as % of Homes | 1.4% | 20.0% |
Days on Market | 102 | 3.0% |
Demographics — Florence, MT
As of the latest ACS Survey released in 2023, Florence, MT has a population of 6,050, which has increased by 6.9% over the past 5 years. Florence, MT is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | 6.9% |
% Under 18 | 18.6% | -3.1% |
% Seniors | 25.3% | 6.3% |
% WFH | 19.3% | 107.5% |
% w/ College Degree | 34.9% | 8.7% |
As of the latest ACS Survey released in 2023, Florence, MT is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Florence, MT is hispanic, making up 6.4% of the population. Foreign-born residents account for 2.7% of the population in Florence, MT, and this percentage has decreased by 22.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.8% | -10.4% |
% Black | 0.0% | N/A |
% Hispanic | 6.4% | 190.9% |
% Asian | 1.5% | 50.0% |
% Foreign Born | 2.7% | -22.9% |
Mortgage and Risk — Florence, MT
According to HUD data as of 2023, there were 81 mortgage originations in Florence, MT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Florence, MT. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Florence, MT
Florence, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $950 | $1,290 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | $650 | $1,600 | $2,250 |
| 4 Bedroom | N/A | N/A | $2,690 |
Affordability — Florence, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $641,000 |
| Median Household Income | $82,100 |