What is the average home price in Florence, SC 29506?

As of May '26, the median home price in Florence, SC 29506 is $149,000, based on Zillow home estimates.

How have home prices in Florence, SC 29506 changed over the past year?

As of May '26, home prices have decreased 0.2% over the past year, according to Zillow home estimates data.

What is the home price projection for Florence, SC 29506?

As of May '26, Zillow projects home prices in Florence, SC 29506 to increase 1.3% in the next year.

What are the demographics of Florence, SC 29506?

According to the latest Census, the demographics of Florence, SC 29506 are 31.3% White, 62.8% Black, 0.4% Asian, 3.9% Hispanic. The population is 20,300, with 20.5% under 18 years old.

How long does it take homes to sell in Florence, SC 29506?

According to Realtor.com, as of May '26, the median home in Florence, SC 29506 is on the market for 71 days. This is a decrease of 22.0% from last year.

What is the average rent price in Florence, SC 29506?

The average rent price in Florence, SC 29506, as of the latest data, is $1,280. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is $979, $1,420, and $2,450 respectively.

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Florence, SC—29506

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$149,000

0.2% YoY Growth

Household Income

$38,400

9.4% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$1,100

13.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$925

10.2% YoY Growth

3-Bed Rent

$1,200

6.0% YoY Growth

Other Zip Codes in Florence, SC

29501 29505

Home Price Trends — Florence, SC

As of May '26, the median home price in Florence, SC is $149,000, with a year-over-year change of -0.2%. This indicates that home prices in Florence, SC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$149,000	-0.2%
Single Family	$149,000	0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$240,000	2.0%
Listing Count	81	-10.0%
Listings as % of Homes	0.6%	-10.0%
Days on Market	71	-22.0%

Metric	Latest Census	YoY % Change
Population	20,300	-2.4%
% Under 18	20.5%	-8.1%
% Seniors	17.7%	26.4%
% WFH	9.8%	237.9%
% w/ College Degree	14.7%	-9.3%

Metric	Zip Code Average
Total Loan Originations	205
% Conventional Loans	48.0%
% Government Loans	52.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

Total Units under HUD	834
Total Units Section 8	431
% Rentals under Section 8	12.3%
% Occupied Section 8	76.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$760
2 Bedroom	$15	$925	$940
3 Bedroom	$0	$1,200	$1,200
4 Bedroom	-$1,160	$2,450	$1,290

Florence, SC—29506

Key Metrics at a Glance

Other Zip Codes in Florence, SC

Home Price Trends — Florence, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Florence, SC

% of Rental Stock

Property Listings — Florence, SC

Demographics — Florence, SC

Race and Ethnicity

Mortgage and Risk — Florence, SC

Mortgages

Rentals and Section 8 — Florence, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Florence, SC

Home Price to Income Ratio

Florence, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Florence, SC

Effingham, SC

Sellers, SC

Florence, SC

Latta, SC

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,280
Studio Rent	$825	$825
1 Bed Rent	N/A	N/A
2 Bed Rent	$925	$979
3 Bed Rent	$1,200	$1,420
4 Bed Rent	$2,450	$2,450

Metric	Latest Census	5-Year % Change
% White	31.3%	8.3%
% Black	62.8%	-7.6%
% Hispanic	3.9%	95.0%
% Asian	0.4%	0.0%
% Foreign Born	2.4%	33.3%

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$149,000
Median Household Income	$38,400