Florence, AZ 85132 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Florence, AZ—85132

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$331,000

4.2% YoY Growth

Household Income

$76,800

40.5% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$1,740

1.1% YoY Growth

1-Bed Rent

$925

7.1% YoY Growth

2-Bed Rent

$1,350

14.0% YoY Growth

3-Bed Rent

$1,750

2.7% YoY Growth

Home Price Trends — Florence, AZ

As of Dec '25, the median home price in Florence, AZ is $331,000, with a year-over-year change of -4.2%. This indicates that home prices in Florence, AZ 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 Type	Median Home Value	YoY % Change
All Homes	$331,000	-4.2%
Single Family	$332,000	-4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Florence, AZ

As of July '25, Rentcast reports the average rent in Florence, AZ is $1,810, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Florence, AZ is 1-bedrooms: $1,040, 2-bedrooms: $1,780, 3-bedrooms: $1,900, 4-bedrooms: $1,830. The most common rental property sizes in Florence, AZ are 3-bedroom and 2-bedroom, accounting for 41.6% and 25.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,740	$1,810
Studio Rent	N/A	N/A
1 Bed Rent	$925	$1,040
2 Bed Rent	$1,350	$1,780
3 Bed Rent	$1,750	$1,900
4 Bed Rent	$1,800	$1,830

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% of Rental Stock

Studio

2.0%

1 Bedroom

8.0%

2 Bedrooms

25.9%

3 Bedrooms

41.6%

4 Bedrooms

11.5%

5+ Bedrooms

11.0%

Property Listings — Florence, AZ

As of Dec '25, Realtor.com reports that the median days on market for a home in Florence, AZ is 63. This is a increase of 4.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$358,000	-1.0%
Listing Count	324	27.0%
Listings as % of Homes	2.2%	27.0%
Days on Market	74	12.0%

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Demographics — Florence, AZ

As of the latest ACS Survey released in 2023, Florence, AZ has a population of 38,800, which has increased by 5.5% over the past 5 years. Florence, AZ is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	38,800	5.5%
% Under 18	17.5%	27.7%
% Seniors	17.7%	25.5%
% WFH	19.6%	201.5%
% w/ College Degree	18.0%	45.2%

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As of the latest ACS Survey released in 2023, Florence, AZ is a predominantly white area, with 59.5% of the population identifying as white. The white population has grown by 19.5% in the last 5 years. The second most common race or ethnicity in Florence, AZ is hispanic, making up 27.8% of the population. Foreign-born residents account for 9.4% of the population in Florence, AZ, and this percentage has decreased by 29.9% 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	59.5%	19.5%
% Black	7.3%	7.4%
% Hispanic	27.8%	-22.8%
% Asian	0.9%	12.5%
% Foreign Born	9.4%	-29.9%

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Mortgage and Risk — Florence, AZ

According to HUD data as of 2023, there were 1386 mortgage originations in Florence, AZ, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Florence, AZ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,386
% Conventional Loans	48.0%
% Government Loans	52.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Florence, AZ

As of 2024, the percent of homes in Florence, AZ under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Florence, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	21
Total Units Section 8	21
% Rentals under Section 8	1.3%
% Occupied Section 8	76.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$575	$925	$1,500
2 Bedroom	$390	$1,350	$1,740
3 Bedroom	$590	$1,750	$2,340
4 Bedroom	$820	$1,800	$2,620

Florence, AZ—85132

Key Metrics at a Glance

Home Price Trends — Florence, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Florence, AZ

% of Rental Stock

Property Listings — Florence, AZ

Demographics — Florence, AZ

Race and Ethnicity

Mortgage and Risk — Florence, AZ

Mortgages

Rentals and Section 8 — Florence, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Florence, AZ

Home Price to Income Ratio

Florence, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Kelvin, AZ

Coolidge, AZ

Superior, AZ

Saddlebrooke, AZ

Wymola, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$331,000
Median Household Income	$76,800

Florence, AZ—85132

Key Metrics at a Glance

Home Price Trends — Florence, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Florence, AZ

% of Rental Stock

Property Listings — Florence, AZ

Demographics — Florence, AZ

Race and Ethnicity

Mortgage and Risk — Florence, AZ

Mortgages

Rentals and Section 8 — Florence, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Florence, AZ

Home Price to Income Ratio

Florence, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Kelvin, AZ

Coolidge, AZ

Superior, AZ

Saddlebrooke, AZ

Wymola, AZ

Frequently Asked Questions

What is the average home price in Florence, AZ 85132?

How have home prices in Florence, AZ 85132 changed over the past year?

What is the home price projection for Florence, AZ 85132?

What are the demographics of Florence, AZ 85132?

How long does it take homes to sell in Florence, AZ 85132?

What is the average rent price in Florence, AZ 85132?