Florence, AL—35630
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Florence, AL
Home Price Trends — Florence, AL
As of Oct '25, the median home price in Florence, AL is $168,000, with a year-over-year change of -2.7%. This indicates that home prices in Florence, AL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $168,000 | -2.7% |
| Single Family | $168,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | -3.1% |
3 Bed | $191,000 | 1.1% |
4 Bed | $293,000 | 1.7% |
| 5 Bed | $403,000 | 2.3% |
% of Housing Stock
Rental Trends — Florence, AL
As of July '25, Rentcast reports the average rent in Florence, AL is $982, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Florence, AL is studios: $575, 1-bedrooms: $712, 2-bedrooms: $911, 3-bedrooms: $1,230, 4-bedrooms: $1,720. The most common rental property sizes in Florence, AL are 2-bedroom and 1-bedroom, accounting for 48.8% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $982 |
| Studio Rent | $575 | $575 |
| 1 Bed Rent | $650 | $712 |
| 2 Bed Rent | $875 | $911 |
| 3 Bed Rent | $1,300 | $1,230 |
| 4 Bed Rent | $1,700 | $1,720 |
% of Rental Stock
Property Listings — Florence, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence, AL is 58. This is a increase of 25.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -7.0% |
Listing Count | 146 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 58 | 25.0% |
Demographics — Florence, AL
As of the latest ACS Survey released in 2023, Florence, AL has a population of 33,700, which has increased by 1.6% over the past 5 years. Florence, AL is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | 1.6% |
% Under 18 | 19.4% | 8.4% |
% Seniors | 17.0% | -5.6% |
% WFH | 6.5% | 242.1% |
% w/ College Degree | 28.0% | 15.7% |
As of the latest ACS Survey released in 2023, Florence, AL is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Florence, AL is black, making up 18.3% of the population. Foreign-born residents account for 4.5% of the population in Florence, AL, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.8% | -1.6% |
% Black | 18.3% | -13.3% |
% Hispanic | 6.3% | 37.0% |
% Asian | 0.9% | -18.2% |
% Foreign Born | 4.5% | 25.0% |
Mortgage and Risk — Florence, AL
According to HUD data as of 2023, there were 423 mortgage originations in Florence, AL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Florence, AL. Investor activity is low, as 11.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 423 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Florence, AL
As of 2024, the percent of homes in Florence, AL under the Section 8 program is 20.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Florence, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,729 |
Total Units Section 8 | 1,651 |
% Rentals under Section 8 | 20.0% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $650 | $740 |
| 2 Bedroom | $95 | $875 | $970 |
| 3 Bedroom | -$110 | $1,300 | $1,190 |
| 4 Bedroom | -$280 | $1,700 | $1,420 |
Affordability — Florence, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $168,000 |
| Median Household Income | $44,200 |