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Florence, MS

Full City Profile · Mississippi · Hinds County County

3.2 /5.0
B Good
4,647 Population 574/sq mi density
$86,406 Median Income $31,169 per capita
$207,400 Home Value $247,045 Zillow
$1,037 Median Rent 51.0% income on rent
65°F Avg Temperature 304 sunny days/yr
67 Violent Crime/100K 267 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$86,406 median income, 5.7% unemployment
A+
Affordability
5.0 / 5.0
$207,400 home value, $1,037/mo rent
F
Safety
1.0 / 5.0
67 violent crimes/100K
B
Education
3.0 / 5.0
25.5% bachelor's degree or higher

Housing Overview

Median Home Value
$207,400
26% below
US avg: $281,900
Median Rent
$1,037/mo
11% below
US avg: $1,163/mo
Homeownership Rate
71.0%
9% above US avg (65.4%)
Total Housing Units
2,012
Median year built: 1993

Home Value by Source

Census Median
$207,400
Zillow (ZHVI)
$247,045
Median Sale Price
$345,250
Median List Price
$244,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

71.0%
Owner-Occupied
29.0%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent: $1,037/mo

Market Indicators (Redfin)

Median Days on Market
525 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
27.3%
of listings with price reduction
Price Per Sq Ft
$156
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1993
Average age of housing stock: 33 years
Homeownership Rate
71.0%

Complete Housing Data

Home Values

Census Median Value$207,400
Zillow Home Value (ZHVI)$247,045
Median Sale Price$345,250
Median List Price$244,900
Price Per Sq Ft$156

Rent

Census Median Rent$1,037
FMR Studio$751
FMR 1-Bedroom$782
FMR 2-Bedroom$924
FMR 3-Bedroom$1,177
FMR 4-Bedroom$1,295

Market

Days on Market525
Sale-to-List Ratio1.0%
Price Drops27.3%
Homes Sold2
Active Inventory11
Price Per Sq Ft$156

Ownership & Stock

Owner-Occupied71.0%
Renter-Occupied29.0%
Homeownership Rate71.0%
Total Housing Units2,012
Median Year Built1993
Rent Burden51.0%