Florence, AZ—85132
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florence, AZ
As of Oct '25, the median home price in Florence, AZ is $332,000, with a year-over-year change of -4.3%. This indicates that home prices in Florence, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $332,000 | -4.3% |
| Single Family | $333,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $121,000 | -0.8% |
2 Bed | $364,000 | -4.5% |
3 Bed | $310,000 | -4.3% |
4 Bed | $332,000 | -4.0% |
| 5 Bed | $399,000 | -2.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Florence, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence, AZ is 56. This is a increase of 2.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | -1.0% |
Listing Count | 316 | 22.0% |
| Listings as % of Homes | 2.2% | 22.0% |
Days on Market | 56 | 2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Florence, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $332,000 |
| Median Household Income | $76,800 |