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Florence SC Real Estate
Florence, SC has a population of 38,531 and has a total of 15,624 housing(homes and condos) found in the city. The median house value in Florence is $163,077, making homes prices well below the national average.
Single-family detached homes are the most common housing type in Florence, making up 70.23% of the city's housing units. Other types of housing that can be found in Florence include condos( 16.14%), duplexes, homes converted to apartments or other small apartment buildings ( 10.74%), and a few row houses and other attached homes ( 1.60%).
The most prevalent houses in Florence are three and four-bedroom homes, with a majority of them being single-family detached homes. Florence, SC has a mixture of owners and renters, with 57.51% owning and 42.49% renting.
Newer construction can be found in Florence as 20% of the homes found in the area were built after 2000.
Florence Home Appreciation
Looking at the past 10 years, Florence, SC home appreciation rates have been below the national average. The average annual home appreciation during this period has been 2%, which is lower than 80% of other communities found across the US.
Looking at appreciation rates from June 2020 to Jule 2021, Florence SC has trailed the national average. Over the last 12 months the appreciation rate in Florence, SC has been 4.89%, which is lower than most communities in America. Looking at the most recent quarter the appreciation rate in Florence was 1.18%, this is on the lower end when compared to communities across America.
Comparing Florence, SC most recent annual percentage rate to communities throughout South Carolina, Florence ranks below 90% of the towns and cities throughout South Carolina.
When reviewing this data please remember this is the average when looking at Florence as a whole, individual neighborhoods and area's annual appreciation rate may differ greatly.
Florence Real Estate Agents & Experts
Nobody knows the Florence market better than our Realtor referral partners, which makes the experts at EZ Home Search the perfect fit if you're looking to work with a real estate agent to buy or sell a home in Florence. We work with experienced Florence real estate agents, that can provide you with a free home evaluation that gives you an idea of what your property is worth in today's market, as well as updated market stats that detail recently sold homes both in Florence and in other comparable areas. If you would like to work with a Florence Realtor, please reach so we can connect you with a Realtor.
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