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Florence, SC

Full City Profile · South Carolina · Florence County County

3.2 /5.0
B Good
40,205 Population 1,620/sq mi density
$56,433 Median Income $33,725 per capita
$189,800 Home Value $219,728 Zillow
$922 Median Rent 32.4% income on rent
65°F Avg Temperature 310 sunny days/yr
1,188 Violent Crime/100K 6,631 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$56,433 median income, 3.4% unemployment
A+
Affordability
4.8 / 5.0
$189,800 home value, $922/mo rent
F
Safety
1.0 / 5.0
1,188 violent crimes/100K (213% above avg)
B
Education
3.4 / 5.0
29.9% bachelor's degree or higher

Housing Overview

Median Home Value
$189,800
33% below
US avg: $281,900
Median Rent
$922/mo
21% below
US avg: $1,163/mo
Homeownership Rate
59.7%
9% below US avg (65.4%)
Total Housing Units
19,161
Median year built: 1980

Home Value by Source

Census Median
$189,800
Zillow (ZHVI)
$219,728
Median Sale Price
$299,000
Median List Price
$308,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

59.7%
Owner-Occupied
40.3%
Renter-Occupied
60%
40%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$948/mo
1 Bedroom
$953/mo
2 Bedroom
$1,117/mo
3 Bedroom
$1,434/mo
4 Bedroom
$1,588/mo
Census median rent: $922/mo · Zillow rent: $1,317/mo

Market Indicators (Redfin)

Median Days on Market
118 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
38
Price Drops
15.7%
of listings with price reduction
Price Per Sq Ft
$129
Active Inventory
242
homes for sale

Affordability & Housing Stock

Rent Burden
32.4%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
59.7%

Complete Housing Data

Home Values

Census Median Value$189,800
Zillow Home Value (ZHVI)$219,728
Median Sale Price$299,000
Median List Price$308,000
Price Per Sq Ft$129

Rent

Census Median Rent$922
Zillow Rent (ZORI)$1,317
FMR Studio$948
FMR 1-Bedroom$953
FMR 2-Bedroom$1,117
FMR 3-Bedroom$1,434
FMR 4-Bedroom$1,588

Market

Days on Market118
Sale-to-List Ratio1.0%
Price Drops15.7%
Homes Sold38
Active Inventory242
Price Per Sq Ft$129

Ownership & Stock

Owner-Occupied59.7%
Renter-Occupied40.3%
Homeownership Rate59.7%
Total Housing Units19,161
Median Year Built1980
Rent Burden32.4%