Florence, MS Housing

Florence, MS is a great place to invest in housing. The median value of housing in Florence is $219,400 which is significantly lower than the US median value of $338,100. This makes it an attractive option for those looking for a cheaper investment option. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for housing in Florence, MS is 15.50%. This shows that house prices are steadily increasing in Florence and could be an excellent investment opportunity with good potential returns.

The median home cost in Florence is $219,400. Home appreciation the last 10 years has been 49.6%. Home Appreciation in Florence is up 13.7%.

Average Age of Homes

- The median age of Florence real estate is 21 years old

The Rental Market in Florence

- Renters make up 34.9% of the Florence population
- 4.9% of houses and apartments in Florence, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Florence, Mississippi	United States
	1,873.0	139,647,020.0
	28	42
	$219,400	$338,100
	13.7%	16.6%
	36.2%	57.0%
	49.6%	101.1%
	$6.88	$10.98
	$1,158	$2,690
	65.6%	57.4%
	13.5%	11.2%
	20.9%	31.4%
Vacant Housing
	4.9%	1.9%
	0.0%	0.4%
	3.1%	0.7%
	3.2%	0.4%
	0.0%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	4.6%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	17.8%	11.3%
	53.1%	13.0%
	19.7%	20.1%
	0.7%	13.6%
	2.6%	8.3%
	0.0%	9.7%
	1.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	34.7%	13.6%
	34.7%	13.6%
	20.7%	13.6%
	12.4%	13.2%
	12.5%	14.8%
	20.7%	13.6%
	3.2%	10.0%
	6.8%	4.7%
	1.1%	12.2%

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