Florence, AL—35633
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 $218,000, with a year-over-year change of -0.4%. This indicates that home prices in Florence, AL are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | -0.4% |
| Single Family | $218,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 1.2% |
3 Bed | $247,000 | 2.1% |
4 Bed | $319,000 | 2.2% |
| 5 Bed | $402,000 | 1.5% |
% of Housing Stock
Rental Trends — Florence, AL
As of July '25, Rentcast reports the average rent in Florence, AL is $1,160, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Florence, AL is 2-bedrooms: $907, 3-bedrooms: $1,660, 4-bedrooms: $1,950. The most common rental property sizes in Florence, AL are 3-bedroom and 2-bedroom, accounting for 40.5% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $907 |
| 3 Bed Rent | $1,500 | $1,660 |
| 4 Bed Rent | $1,950 | $1,950 |
% 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 45. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 0.0% |
Listing Count | 112 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 45 | 2.0% |
Demographics — Florence, AL
As of the latest ACS Survey released in 2023, Florence, AL has a population of 20,700, which has remained stable by -0.1% over the past 5 years. Florence, AL is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | -0.1% |
% Under 18 | 19.0% | -19.1% |
% Seniors | 21.9% | 21.7% |
% WFH | 3.4% | 78.9% |
% w/ College Degree | 25.0% | -3.8% |
As of the latest ACS Survey released in 2023, Florence, AL is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Florence, AL is black, making up 6.6% of the population. Foreign-born residents account for 0.6% of the population in Florence, AL, and this percentage has decreased by 53.8% 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 | 87.5% | -3.1% |
% Black | 6.6% | 8.2% |
% Hispanic | 1.3% | -13.3% |
% Asian | 0.5% | -44.4% |
% Foreign Born | 0.6% | -53.8% |
Mortgage and Risk — Florence, AL
According to HUD data as of 2023, there were 414 mortgage originations in Florence, AL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Florence, AL. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 414 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Florence, AL
Florence, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $155 | $875 | $1,030 |
| 3 Bedroom | -$240 | $1,500 | $1,260 |
| 4 Bedroom | -$450 | $1,950 | $1,500 |
Affordability — Florence, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $218,000 |
| Median Household Income | $66,000 |