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Florence, CO—81226

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$299,000
2.8% YoY Growth
Household Income
$59,400
39.3% YoY Growth
Days on Market
72
6.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$1,150
4.8% YoY Growth
1-Bed Rent
$895
4.4% YoY Growth
2-Bed Rent
$1,400
12.6% YoY Growth
3-Bed Rent
$1,600
14.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Florence, CO

As of May '26, the median home price in Florence, CO is $299,000, with a year-over-year change of -2.8%. This indicates that home prices in Florence, CO are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$299,000-2.8%
Single Family $300,000-2.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $173,000
    -8.9%
    2 Bed
    		$234,000-4.9%
    3 Bed
    		$322,000-2.7%
    4 Bed
    		$354,000-3.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    8.6%
    2 Bedrooms
    29.3%
    3 Bedrooms
    48.1%
    4 Bedrooms
    9.0%
    5+ Bedrooms
    1.9%

    Rental Trends — Florence, CO

    As of July '25, Rentcast reports the average rent in Florence, CO is $1,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Florence, CO is studios: $872, 1-bedrooms: $942, 2-bedrooms: $1,520, 3-bedrooms: $1,450. The most common rental property sizes in Florence, CO are 2-bedroom and 1-bedroom, accounting for 36.6% and 31.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,150$1,200
    Studio Rent $850$872
    1 Bed Rent $895$942
    2 Bed Rent $1,400$1,520
    3 Bed Rent $1,600$1,450
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    11.9%
    1 Bedroom
    31.2%
    2 Bedrooms
    36.6%
    3 Bedrooms
    18.7%
    4 Bedrooms
    0.1%
    5+ Bedrooms
    1.5%

    Property Listings — Florence, CO

    As of May '26, Realtor.com reports that the median days on market for a home in Florence, CO is 72. This is a increase of 6.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$390,0005.0%
    Listing Count
    		703.0%
    Listings as % of Homes1.4%3.0%
    Days on Market
    		726.0%
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    Demographics — Florence, CO

    As of the latest ACS Survey released in 2023, Florence, CO has a population of 7,930, which has decreased by -11.5% over the past 5 years. Florence, CO is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,930-11.5%
    % Under 18
    		13.5%17.4%
    % Seniors
    		15.5%1.3%
    % WFH
    		6.9%176.0%
    % w/ College Degree
    		13.7%28.0%
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    As of the latest ACS Survey released in 2023, Florence, CO is a predominantly white area, with 67.4% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Florence, CO is hispanic, making up 17.6% of the population. Foreign-born residents account for 3.9% of the population in Florence, CO, and this percentage has decreased by 35.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		67.4%2.6%
    % Black
    		7.6%-12.6%
    % Hispanic
    		17.6%-6.4%
    % Asian
    		2.7%145.5%
    % Foreign Born
    		3.9%-35.0%
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    Mortgage and Risk — Florence, CO

    According to HUD data as of 2023, there were 196 mortgage originations in Florence, CO, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Florence, CO. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		196
    % Conventional Loans
    		61.0%
    % Government Loans
    		39.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		22.0%
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    Rentals and Section 8 — Florence, CO

    Florence, CO lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		17
    Total Units Section 8
    		17
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		77.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$15$895$880
    2 Bedroom-$250$1,400$1,150
    3 Bedroom-$90$1,600$1,510
    4 BedroomN/AN/A$1,680

    Affordability — Florence, CO

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$299,000
    Median Household Income$59,400

    Florence, CO — ZIP Code Boundary Map

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    Frequently Asked Questions