Florence, CO—81226
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florence, CO
As of Oct '25, the median home price in Florence, CO is $298,000, with a year-over-year change of 0.2%. This indicates that home prices in Florence, CO are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 0.2% |
| Single Family | $299,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $167,000 | -8.7% |
2 Bed | $234,000 | -1.3% |
3 Bed | $319,000 | 0.3% |
4 Bed | $354,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Florence, CO
As of July '25, Rentcast reports the average rent in Florence, CO is $1,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Florence, CO is studios: $872, 1-bedrooms: $942, 2-bedrooms: $1,520, 3-bedrooms: $1,450. The most common rental property sizes in Florence, CO are 2-bedroom and 1-bedroom, accounting for 36.6% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,200 |
| Studio Rent | $850 | $872 |
| 1 Bed Rent | $895 | $942 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $1,600 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Florence, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence, CO is 88. This is a increase of 49.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -13.0% |
Listing Count | 69 | 23.0% |
| Listings as % of Homes | 1.4% | 23.0% |
Days on Market | 88 | 49.0% |
Demographics — Florence, CO
As of the latest ACS Survey released in 2023, Florence, CO has a population of 7,930, which has decreased by -11.5% over the past 5 years. Florence, CO is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,930 | -11.5% |
% Under 18 | 13.5% | 17.4% |
% Seniors | 15.5% | 1.3% |
% WFH | 6.9% | 176.0% |
% w/ College Degree | 13.7% | 28.0% |
As of the latest ACS Survey released in 2023, Florence, CO is a predominantly white area, with 67.4% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Florence, CO is hispanic, making up 17.6% of the population. Foreign-born residents account for 3.9% of the population in Florence, CO, and this percentage has decreased by 35.0% 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 | 67.4% | 2.6% |
% Black | 7.6% | -12.6% |
% Hispanic | 17.6% | -6.4% |
% Asian | 2.7% | 145.5% |
% Foreign Born | 3.9% | -35.0% |
Mortgage and Risk — Florence, CO
According to HUD data as of 2023, there were 196 mortgage originations in Florence, CO, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Florence, CO. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 196 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Florence, CO
Florence, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$15 | $895 | $880 |
| 2 Bedroom | -$250 | $1,400 | $1,150 |
| 3 Bedroom | -$90 | $1,600 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Florence, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $298,000 |
| Median Household Income | $59,400 |