Florence, TX—76527
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florence, TX
As of Oct '25, the median home price in Florence, TX is $495,000, with a year-over-year change of -4.2%. This indicates that home prices in Florence, TX are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $495,000 | -4.2% |
| Single Family | $496,000 | -3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $465,000 | -2.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Florence, TX
As of July '25, Rentcast reports the average rent in Florence, TX is $2,320, with a year-over-year rent change of 38.9%. Per bedroom, the median rent as of July '25 in Florence, TX is studios: $500, 1-bedrooms: $1,200, 2-bedrooms: $1,000, 3-bedrooms: $2,120. The most common rental property sizes in Florence, TX are 3-bedroom and 2-bedroom, accounting for 68.5% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,320 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Florence, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence, TX is 112. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter 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 | $793,000 | 9.0% |
Listing Count | 30 | -17.0% |
| Listings as % of Homes | 0.8% | -17.0% |
Days on Market | 112 | -20.0% |
Demographics — Florence, TX
As of the latest ACS Survey released in 2023, Florence, TX has a population of 4,690, which has increased by 27.3% over the past 5 years. Florence, TX is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,690 | 27.3% |
% Under 18 | 26.3% | 2.3% |
% Seniors | 10.8% | -35.3% |
% WFH | 20.3% | 212.3% |
% w/ College Degree | 20.5% | 40.4% |
As of the latest ACS Survey released in 2023, Florence, TX is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Florence, TX is hispanic, making up 31.9% of the population. Foreign-born residents account for 11.1% of the population in Florence, TX, and this percentage has increased by 33.7% 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 | 64.3% | -13.0% |
% Black | 0.6% | ∞% |
% Hispanic | 31.9% | 23.6% |
% Asian | 0.2% | ∞% |
% Foreign Born | 11.1% | 33.7% |
Mortgage and Risk — Florence, TX
According to HUD data as of 2023, there were 66 mortgage originations in Florence, TX, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Florence, TX. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Florence, TX
Florence, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,200 | $1,480 |
| 2 Bedroom | $740 | $1,000 | $1,740 |
| 3 Bedroom | $230 | $2,000 | $2,230 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Florence, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $495,000 |
| Median Household Income | $83,500 |