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City · 41,701 residents · Lauderdale County, Alabama

Florence , Alabama

In Florence, a typical home is worth $196,300 and typical rent is $820 a month. Compared with all of Lauderdale County, typical household income is 17% lower and the share of households that own their home is 17 points lower.

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  • Typical home value

    $196,300

    About the same as the county

    6% below Alabama

    • Florence
    • Lauderdale
    • Alabama

  • Typical rent

    $820a month

    2% below the county

    19% below Alabama

    • Florence
    • Lauderdale
    • Alabama

  • Typical household income

    $52,174a year

    17% below the county

    18% below Alabama

    • Florence
    • Lauderdale
    • Alabama

  • Households that own their home

    52%

    17 points below the county

    18 points below Alabama

    • Florence
    • Lauderdale
    • Alabama

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$214,156
2.7% more than 12 months ago
Typical rent
$1,202 a month
3.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Florence is in Lauderdale County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lauderdale County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Florence apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Russellville, the typical home value is $123,800: 37% less than in Florence ($196,300).

  2. 52% of households in Florence own their home, against 69% in Lauderdale County.

  3. Nearby, in Russellville, the typical rent is $685: 16% less than in Florence ($820).

  4. The typical household income in Florence is $52,174, 17% less than in Lauderdale County as a whole ($62,649).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Florence

What homes there are in Florence, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Florence, 6 in 10 homes are single-family detached houses; in Lauderdale County, 7.

Year built

Homes in Florence are older: the typical year built is 1973; in Lauderdale County, 1980.

Homes in Florence are smaller: 54% have 3 bedrooms or more; in Lauderdale County, 67%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 94% of owner-occupied homes in Florence are worth less than the FHA loan limit for Lauderdale County ($541,287).

Monthly rent with utilities

About 83% of rented homes in Florence cost less than HUD's 2-bedroom fair market rent for Lauderdale County ($1,085).

With a mortgage

$1,185 a month

Lauderdale County: $1,255 a month

Without a mortgage

$463 a month

Lauderdale County: $452 a month

Owners with a mortgage

51%

Lauderdale County: 49%

Owning costs less in Florence: with a mortgage, the typical cost is $1,185 a month; in Lauderdale County, $1,255. Without one, $463.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Florence rose at about the same pace as in Lauderdale County: 38% against 38%.

Much as in Lauderdale County, the typical rent in Florence rose 28% since 2015–2019.

To compare: typical income in Florence rose 29%; the home, +38%; the rent, +28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFlorenceLauderdale CountyAlabamaUnited States
Rental vacancy 6.6%6.7%7.2%5.5%
Homeowner vacancy Unreliable estimate1.0%1.1%0.9%
More than one person per room Unreliable estimate0.8%1.7%3.4%
People per household 2.192.362.482.53
Drive alone 77%79%81%69%
Carpool 10%11%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike 3%1%1%3%
Work from home 9%8%9%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Open rentals in Florence look like those in Lauderdale County: the rental vacancy rate is 6.6%.

Households in Florence are smaller: 2.19 people on average; in Lauderdale County, 2.36.

In Florence, 77% of workers drive alone to work; in Lauderdale County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Florence?

A typical home is tight for the typical income

We start with a typical home in Florence, worth $196,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Florence, which is $52,174 a year. For that payment to be 28% of income, a household would need to earn about $66,200 a year.

The calculator's FHA and conventional loan limits are those of all of Lauderdale County.

Your numbers

Local data
$

Starts at the typical home value in Florence. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,871 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,545

at 7.18% · 30 years

Loan amount
$192,744
Total interest
$277,313
Paid off in
November 2056

Includes $3,315 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,217 a month

  • Tight

    $1,217 to $1,565 a month

    Your payment · 36%

  • Hard

    more than $1,565 a month

Compared with the typical household income in Florence ($52,174 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,545
Principal & interest$1,306
Property tax$70
Home insurance$82
FHA mortgage insurance (MIP)$87

You need at least $6,871 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Florence and Lauderdale County

Florence is in Lauderdale County, Alabama. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Florence's own numbers

Typical home value
$196,300
Typical monthly rent
$820
Typical yearly household income
$52,174
Households that own their home
52%
Effective property tax rate
0.43%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lauderdale County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,085
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
2.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lauderdale County.

Everything about Lauderdale County

Buying

Buying a home in Florence

A typical home in Florence is worth $196,300: about the same as the county and 6% below Alabama. With the typical household income in Florence ($52,174 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Florence 3.8 years
  • Lauderdale 3.2 years
  • Alabama 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lauderdale County

According to FHFA’s house price index, home prices in Lauderdale County rose 86% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lauderdale County.

Period County Alabama U.S.
Last year (2025) +3.3% +2.5% +2.9%
5 years (2020–2025) +61% +47% +47%
10 years (2015–2025) +86% +77% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Florence next to Lauderdale County, Alabama and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Florence $196,300
  • Lauderdale $200,300
  • Alabama $209,900
  • United States $332,700
Typical monthly rent
  • Florence $820
  • Lauderdale $838
  • Alabama $1,007
  • United States $1,413
Typical yearly household income
  • Florence $52,174
  • Lauderdale $62,649
  • Alabama $63,999
  • United States $80,734
See the full table
Florence next to Lauderdale County and Alabama
Measure Florence Lauderdale County Alabama U.S.
Typical home value $196,300 $200,300 $209,900 $332,700
Typical monthly rent $820 $838 $1,007 $1,413
Typical yearly household income $52,174 $62,649 $63,999 $80,734
Households that own their home 52% 69% 70% 65%
Typical yearly property tax $845 $757 $788 $3,119
Effective property tax rate 0.43% 0.38% 0.38% 0.94%
Renters with high rent for their income 40% 38% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lauderdale County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Florence

For a typical $196,300 home in Florence, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Florence's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,545a month

    Least cash to close
    Down payment
    $6,871
    Cash to close
    $12,760
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $87

  • Conventional, 5% down $1,509a month

    Down payment
    $9,815
    Cash to close
    $15,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $93

  • Conventional, 20% down, no PMI $1,216a month

    Down payment
    $39,260
    Cash to close
    $45,149
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,397a month

    Down payment
    $29,445
    Cash to close
    $35,334
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Florence and for Lauderdale County.

Property tax

Effective rate in Florence

0.43%of the home’s value each year

$845 a year for the typical owner in Florence.

  • Florence 0.43%
  • Lauderdale 0.38%
  • Alabama 0.38%

What Alabama publishes Basic homestead exemption (type H-1) (Alabama Department of Revenue)

Exemptions and deadlines in Alabama

Flood risk in Lauderdale County

FEMA does not publish these numbers by city: they are for all of Lauderdale County.

Homes in the high-risk zone
2.1%
824
Of those, with NFIP insurance
10%
County Alabama U.S.
Homes in the high-risk zone 2.1% 3.2% 3.5%
Of those, with NFIP insurance 10% 29% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Florence

Typical rent in Florence is $820 a month: 2% below the county. In Florence, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lauderdale County, by unit size. To pay the 2-bedroom one ($1,085 a month) without spending more than 30% of your income, you would need to earn $20.87 an hour working full time.

HUD fair market rent for all of Lauderdale County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $760 $14.62 $30,400
1 bedroom $834 $16.04 $33,360
2 bedrooms $1,085 $20.87 $43,400
3 bedrooms $1,348 $25.92 $53,920
4 bedrooms $1,426 $27.42 $57,040

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Florence

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Florence has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,070 in 35633 to $1,130 in 35632.

2 of the 3 are above the fair market rent for Lauderdale County ($1,085).

  • 35630 $1,130$1,400
  • 35632 $1,130$1,400
  • 35633 $1,070$1,330

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Florence when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Florence

HUD lists 25 buildings with rents for lower incomes in Florence. These are the largest.

  • Magnolia Gardens I & II 110 S Cypress St, Florence 35630 214 low-income homes · For families (256) 740-5201
  • Cypress Pointe 1202 Carver Hts, Florence 35630 199 low-income homes · For families (256) 740-5200
  • Courtview Towers 201 N Pine St, Florence 35630 195 homes, 164 low-income · For families (256) 767-0201
  • Cherry Hill Homes 452 Cherry Hill Homes, Florence 35630 116 low-income homes · For families (256) 760-5322
  • Montreat Apartments 1850 Darby Dr, Florence 35630 100 low-income homes · For older adults (256) 767-2211

See all 33 buildings in Lauderdale County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Florence

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Lauderdale County; none says it serves in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Florence

No down payment, repair or rent-help program on our list is for Florence or Lauderdale County. The ones below are statewide in Alabama: they work in Florence the same as in the rest of the state.

Which programs do I qualify for? All programs in Alabama

  • Step Up

    Statewide in Alabama

    Alabama state authority program with down payment assistance of 4% of the price (up to $10,000) as a 10-year second mortgage, alongside a 30-year fixed mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • First Step Mortgage Revenue Bonds

    Statewide in Alabama

    Alabama state authority 30-year low-rate mortgage, for first-time buyers and for people who have owned a home before, with down payment assistance of 4% of the price, up to $10,000, as a ten-year second mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • Affordable Income Subsidy Grant

    Statewide in Alabama

    Alabama state authority grant for closing costs with an HFA Advantage conventional loan: 1% of the loan if you earn up to 50% of the area median, or half a percent if you earn 50% to 80%. Offered by Alabama Housing Finance Authority (AHFA).

    Grant

    See the program Official page

Housing counselors near Florence

The HUD-approved agencies closest to the center of Florence, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Action Agency of Northwest Alabama, Inc.

    745 Thompson St, Florence · 1 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (256) 766-4330

  • Community Action Agency of Northwest Alabama - Colbert County

    505 N Columbia Avenue, Sheffield · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (256) 383-3832

  • Community Action Agency of Northwest Alabama - Franklin County

    13150 Highway 43 Ste 4, Russellville · 24 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (256) 332-7534

Every agency in Lauderdale County All counseling agencies in Alabama

Help in Spanish near Florence

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Florence

HUD’s record names them for Florence or Lauderdale County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Alabama Source: HUD

Cities

Nearby cities

The cities closest to Florence, with the typical home value.

Everything about Lauderdale County Housing in Alabama

Neighboring counties

If Lauderdale County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Florence.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Florence

Short answers with the numbers for Florence and all of Lauderdale County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Florence?

The typical home value in Florence is $196,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lauderdale County it is $200,300.

How much does it cost to rent in Florence?

Typical rent in Florence is $820 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lauderdale County is $1,085.

What is the FHA loan limit in Florence?

Florence uses the FHA limit for all of Lauderdale County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Florence?

The typical homeowner in Florence pays $845 a year, according to the U.S. Census Bureau. That is 0.43% of the home’s value; in Lauderdale County, the rate is 0.38%.

Where can I find free help to buy or rent in Florence?

There is 1 HUD-approved counseling agency with an office in Lauderdale County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).