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Florence, KY
Full City Profile · Kentucky · Boone County County
3.4
/5.0
B
Good
32,334
Population
2,892/sq mi density
$68,508
Median Income
$38,133 per capita
$196,200
Home Value
$285,531 Zillow
$1,199
Median Rent
27.9% income on rent
53°F
Avg Temperature
293 sunny days/yr
167
Violent Crime/100K
4,308 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$68,508 median income, 1.7% unemployment
A+
Affordability
5.0 / 5.0
$196,200 home value, $1,199/mo rent
F
Safety
1.0 / 5.0
167 violent crimes/100K
B
Education
3.1 / 5.0
26.3% bachelor's degree or higher
Housing Overview
Median Home Value
$196,200
30% below
US avg: $281,900
Median Rent
$1,199/mo
3% above
US avg: $1,163/mo
Homeownership Rate
59.3%
9% below US avg (65.4%)
Total Housing Units
14,403
Median year built: 1986
Home Value by Source
Census Median
$196,200
Zillow (ZHVI)
$285,531
Median Sale Price
$257,000
Median List Price
$271,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
59.3%
Owner-Occupied
40.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent:
$1,199/mo
· Zillow rent:
$1,630/mo
Market Indicators (Redfin)
Median Days on Market
24 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
27
Price Drops
26.2%
of listings with price reduction
Price Per Sq Ft
$161
Active Inventory
42
homes for sale
Affordability & Housing Stock
Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
59.3%
Complete Housing Data
Home Values
| Census Median Value | $196,200 |
| Zillow Home Value (ZHVI) | $285,531 |
| Median Sale Price | $257,000 |
| Median List Price | $271,450 |
| Price Per Sq Ft | $161 |
Rent
| Census Median Rent | $1,199 |
| Zillow Rent (ZORI) | $1,630 |
| FMR Studio | $719 |
| FMR 1-Bedroom | $794 |
| FMR 2-Bedroom | $984 |
| FMR 3-Bedroom | $1,277 |
| FMR 4-Bedroom | $1,442 |
Market
| Days on Market | 24 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.2% |
| Homes Sold | 27 |
| Active Inventory | 42 |
| Price Per Sq Ft | $161 |
Ownership & Stock
| Owner-Occupied | 59.3% |
| Renter-Occupied | 40.7% |
| Homeownership Rate | 59.3% |
| Total Housing Units | 14,403 |
| Median Year Built | 1986 |
| Rent Burden | 27.9% |