Florence, MS 39073 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Florence, MS—39073

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$241,000

3.4% YoY Growth

Household Income

$72,100

22.9% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$1,000

1.8% YoY Growth

1-Bed Rent

$702

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,000

N/A

Home Price Trends — Florence, MS

As of Dec '25, the median home price in Florence, MS is $241,000, with a year-over-year change of 3.4%. This indicates that home prices in Florence, MS are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$241,000	3.4%
Single Family	$241,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Florence, MS

As of July '25, Rentcast reports the average rent in Florence, MS is $1,120, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Florence, MS is 1-bedrooms: $702, 3-bedrooms: $1,320. The most common rental property sizes in Florence, MS are 3-bedroom and 2-bedroom, accounting for 54.5% and 33.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,120
Studio Rent	N/A	N/A
1 Bed Rent	$702	$702
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,000	$1,320
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.9%

1 Bedroom

4.8%

2 Bedrooms

33.2%

3 Bedrooms

54.5%

4 Bedrooms

4.6%

Property Listings — Florence, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Florence, MS is 87. This is a increase of 7.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	-7.0%
Listing Count	55	-17.0%
Listings as % of Homes	0.4%	-17.0%
Days on Market	80	8.0%

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Demographics — Florence, MS

As of the latest ACS Survey released in 2023, Florence, MS has a population of 21,600, which has increased by 8.6% over the past 5 years. Florence, MS is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,600	8.6%
% Under 18	23.7%	-4.4%
% Seniors	20.5%	24.2%
% WFH	3.3%	57.1%
% w/ College Degree	20.9%	19.4%

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As of the latest ACS Survey released in 2023, Florence, MS is a predominantly white area, with 77.4% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Florence, MS is black, making up 16.3% of the population. Foreign-born residents account for 1.8% of the population in Florence, MS, and this percentage has increased by 80.0% 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	77.4%	-7.6%
% Black	16.3%	14.0%
% Hispanic	4.4%	238.5%
% Asian	0.2%	∞%
% Foreign Born	1.8%	80.0%

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Mortgage and Risk — Florence, MS

According to HUD data as of 2023, there were 364 mortgage originations in Florence, MS, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Florence, MS. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	364
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Florence, MS

Florence, MS lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	0.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$268	$702	$970
2 Bedroom	N/A	N/A	$1,140
3 Bedroom	$390	$1,000	$1,390
4 Bedroom	N/A	N/A	$1,540

Florence, MS—39073

Key Metrics at a Glance

Home Price Trends — Florence, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Florence, MS

% of Rental Stock

Property Listings — Florence, MS

Demographics — Florence, MS

Race and Ethnicity

Mortgage and Risk — Florence, MS

Mortgages

Rentals and Section 8 — Florence, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Florence, MS

Home Price to Income Ratio

Florence, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Richland, MS

Whitfield

Harrisville, MS

Byram, MS

Pearl, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$241,000
Median Household Income	$72,100

Florence, MS—39073

Key Metrics at a Glance

Home Price Trends — Florence, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Florence, MS

% of Rental Stock

Property Listings — Florence, MS

Demographics — Florence, MS

Race and Ethnicity

Mortgage and Risk — Florence, MS

Mortgages

Rentals and Section 8 — Florence, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Florence, MS

Home Price to Income Ratio

Florence, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Richland, MS

Whitfield

Harrisville, MS

Byram, MS

Pearl, MS

Frequently Asked Questions

What is the average home price in Florence, MS 39073?

How have home prices in Florence, MS 39073 changed over the past year?

What is the home price projection for Florence, MS 39073?

What are the demographics of Florence, MS 39073?

How long does it take homes to sell in Florence, MS 39073?

What is the average rent price in Florence, MS 39073?