Housing in Florence
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Florence, Alabama
The housing market in Florence, AL, is characterized by its affordability compared to national trends. The median property value in 2024 was $196,300, showing a 12.8% increase from the previous year. As of April 2026, the median list price for homes in Florence was $277,450. Single-family detached homes are the most common housing type, accounting for over 61% of the city's housing units. The homeownership rate in Florence is 52.1%. For renters, the average apartment rent was $895 in May 2026, with 1-bedroom apartments averaging $675 and 2-bedroom apartments averaging $925.
Housing
About Florence, Alabama
Florence, Alabama, is a vibrant city nestled along the Tennessee River in the northwestern corner of the state, serving as the county seat of Lauderdale County. Known for its rich history, cultural festivals, and scenic beauty, Florence offers a welcoming atmosphere that attracts both residents and visitors. The city is home to the University of North Alabama, the state's oldest public college, contributing to a lively academic and cultural scene. People are drawn to Florence for its blend of historical charm, modern amenities, and abundant outdoor recreational opportunities, including access to parks, walking trails, and water sports along the river.
About Alabama
Alabama, a Southeastern U.S. state, is characterized by its rich history, diverse landscapes ranging from the Appalachian foothills to the Gulf Coast, and a strong sense of Southern hospitality. The state's economy is diverse, with major industries including automotive manufacturing, aerospace, advanced manufacturing, technology, bioscience, and agriculture. Living in Alabama generally offers an affordable lifestyle, with the cost of living, particularly housing, being significantly lower than the national average. The climate is humid subtropical, featuring long, hot summers and mild winters with ample precipitation throughout the year, allowing for year-round outdoor activities.