Florence, NJ
Full City Profile · New Jersey · Mercer County County
4.0
/5.0
A
Great
5,027
Population
4,022/sq mi density
$99,020
Median Income
$37,990 per capita
$270,100
Home Value
$314,157 Zillow
$1,247
Median Rent
34.4% income on rent
54°F
Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.3 / 5.0
$99,020 median income, 6.6% unemployment
A+
Affordability
5.0 / 5.0
$270,100 home value, $1,247/mo rent
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher
Housing Overview
Median Home Value
$270,100
4% below
US avg: $281,900
Median Rent
$1,247/mo
7% above
US avg: $1,163/mo
Homeownership Rate
65.3%
0% below US avg (65.4%)
Total Housing Units
1,856
Median year built: 1966
Home Value by Source
Census Median
$270,100
Zillow (ZHVI)
$314,157
Redfin Median Sale
$110,875
Median Sale Price
$110,875
Median List Price
$107,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.3%
Owner-Occupied
34.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,247/mo
Market Indicators (Redfin)
Median Sale Price
$110,875
Median Days on Market
60 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$124
Active Inventory
21
homes for sale
Affordability & Housing Stock
Rent Burden
34.4%
of renters spending 30%+ of income on housing
11% above US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
65.3%
Complete Housing Data
Home Values
| Census Median Value | $270,100 |
| Zillow Home Value (ZHVI) | $314,157 |
| Redfin Median Sale | $110,875 |
| Median Sale Price | $110,875 |
| Median List Price | $107,000 |
| Price Per Sq Ft | $124 |
Rent
| Census Median Rent | $1,247 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 60 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.3% |
| Homes Sold | 8 |
| Active Inventory | 21 |
| Price Per Sq Ft | $124 |
Ownership & Stock
| Owner-Occupied | 65.3% |
| Renter-Occupied | 34.7% |
| Homeownership Rate | 65.3% |
| Total Housing Units | 1,856 |
| Median Year Built | 1966 |
| Rent Burden | 34.4% |