Florence, AL housing market
Typical home value
$214K
▲ 2.7% 1 yr
Typical rent
$1,202/mo
▲ 3.2% 1 yr
Gross rent yield
6.7%
U.S. 6.3%
5-year home value change
+23%
U.S. +20%
Key takeaways
- 1The typical home in Florence is worth $214,156, up 2.7% over the past year and up 23% over five years.
- 2Typical rent is $1,202 a month (+3.2% YoY), a gross rent yield of 6.7% (above the Florence, AL metro's 6.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,177/mo, $25 less than typical rent.
- 4Zillow forecasts the Florence, AL metro's home values to change +1.7% over the next 12 months.
Market temperature (Florence, AL metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #417 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Florence compares
| Measure | Florence | Florence, AL metro | United States |
|---|---|---|---|
| Typical home value | $214,156 | $215,246 | $366,157 |
| Home value, 1-yr change | +2.7% | +2.9% | +1.2% |
| Typical rent | $1,202 | $1,073 | $1,932 |
| Rent, 1-yr change | +3.2% | +2.3% | +2.7% |
| Gross rent yield | 6.7% | 6.0% | 6.3% |
| Price-to-rent ratio | 14.8 | 16.7 | 15.8 |
| Mortgage P&I, typical home | $1,177 | $1,183 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Florence rental, pre-filled.
Rent vs buy in Florence
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $214K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.