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City · 5,242 residents · Burlington County, New Jersey

Florence , New Jersey

In Florence, a typical home is worth $309,900 and typical rent is $1,354 a month. Compared with all of Burlington County, typical rent is 22% lower, typical household income is 21% lower, and the share of households that own their home is 10 points lower.

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  • Typical home value

    $309,900

    12% below the county

    32% below New Jersey

    • Florence
    • Burlington
    • New Jersey

  • Typical rent

    $1,354a month

    22% below the county

    21% below New Jersey

    • Florence
    • Burlington
    • New Jersey

  • Typical household income

    $85,219a year

    21% below the county

    18% below New Jersey

    • Florence
    • Burlington
    • New Jersey

  • Households that own their home

    66%

    10 points below the county

    2 points above New Jersey

    • Florence
    • Burlington
    • New Jersey

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

Market now, with Zillow data

Zillow data
Typical home value
$302,774
1.4% more than 12 months ago

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

Florence is in Burlington County. The FHA loan limit ($630,200 for a one-unit home), the fair market rents and the help on this page are those of all of Burlington 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 Trenton, the typical home value is $160,700: 48% less than in Florence ($309,900).

  2. The typical rent in Florence is $1,354 a month, 22% less than in Burlington County as a whole ($1,745).

  3. The typical household income in Florence is $85,219, 21% less than in Burlington County as a whole ($108,111).

  4. 66% of households in Florence own their home, against 76% in Burlington County.

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

The detached house is still the most common home in Florence, but it weighs less than in Burlington County: 55% against 64%.

Year built

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
Monthly rent with utilities

With a mortgage

$1,983 a month

Burlington County: $2,408 a month

Without a mortgage

$1,011 a month

Burlington County: $1,070 a month

Owners with a mortgage

73%

Burlington County: 66%

Owning costs less in Florence: with a mortgage, the typical cost is $1,983 a month; in Burlington County, $2,408. Without one, $1,011.

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

The boundaries of Florence changed since 2015–2019, so the Census does not compare its figures from then and now. In Burlington County, the typical home value rose 41%.

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

MeasureFlorenceBurlington CountyNew JerseyUnited States
Rental vacancy Unreliable estimate3.6%3.5%5.5%
Homeowner vacancy Unreliable estimate0.9%0.7%0.9%
More than one person per room Unreliable estimate1.5%4.0%3.4%
People per household 2.892.582.622.53
Drive alone 77%73%62%69%
Carpool Unreliable estimate6%8%9%
Public transit Unreliable estimate2%8%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 6%17%17%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Florence has 2.89 people, more than in Burlington County (2.58).

In Florence, 77% of workers drive alone to work; in Burlington County, 73%.

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 costs more than the typical income allows

We start with a typical home in Florence, worth $309,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Florence, which is $85,219 a year. For that payment to be 28% of income, a household would need to earn about $122,219 a year.

The calculator's FHA and conventional loan limits are those of all of Burlington 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 $10,847 (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

$2,852

at 7.18% · 30 years

Loan amount
$304,286
Total interest
$437,797
Paid off in
November 2056

Includes $5,233 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,988 a month

  • Tight

    $1,988 to $2,557 a month

  • Hard

    more than $2,557 a month

    Your payment · 40%

Compared with the typical household income in Florence ($85,219 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,852
Principal & interest$2,061
Property tax$524
Home insurance$129
FHA mortgage insurance (MIP)$137

You need at least $10,847 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 Burlington County

Florence is in Burlington County, New Jersey. 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
$309,900
Typical monthly rent
$1,354
Typical yearly household income
$85,219
Households that own their home
66%
Effective property tax rate
2.03%

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

Numbers for all of Burlington County

FHA limit, one-unit home
$630,200
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,860
Price change over 5 years (FHFA)
+70%
Homes in a high flood-risk zone
3%

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 Burlington County.

Everything about Burlington County

Buying

Buying a home in Florence

A typical home in Florence is worth $309,900: 12% below the county and 32% below New Jersey. With the typical household income in Florence ($85,219 a year), a typical home costs 3.6 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 3.6 years
  • Burlington 3.3 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Burlington County

According to FHFA’s house price index, home prices in Burlington County rose 91% in the 10 years through 2025.

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

Period County New Jersey U.S.
Last year (2025) +5.7% +6.2% +2.9%
5 years (2020–2025) +70% +63% +47%
10 years (2015–2025) +91% +88% +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 Burlington County, New Jersey and the U.S.

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

Typical home value
  • Florence $309,900
  • Burlington $354,000
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Florence $1,354
  • Burlington $1,745
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Florence $85,219
  • Burlington $108,111
  • New Jersey $103,556
  • United States $80,734
See the full table
Florence next to Burlington County and New Jersey
Measure Florence Burlington County New Jersey U.S.
Typical home value $309,900 $354,000 $454,400 $332,700
Typical monthly rent $1,354 $1,745 $1,720 $1,413
Typical yearly household income $85,219 $108,111 $103,556 $80,734
Households that own their home 66% 76% 64% 65%
Typical yearly property tax $6,301 $7,983 $9,590 $3,119
Effective property tax rate 2.03% 2.26% 2.11% 0.94%
Renters with high rent for their income 54% 53% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Burlington 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 $309,900 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 $2,852a month

    Least cash to close
    Down payment
    $10,847
    Cash to close
    $20,144
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $137

  • Conventional, 5% down $2,795a month

    Down payment
    $15,495
    Cash to close
    $24,792
    Rate
    7.18%
    Mortgage insurance
    PMI · $147

  • Conventional, 20% down, no PMI $2,333a month

    Down payment
    $61,980
    Cash to close
    $71,277
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,619a month

    Down payment
    $46,485
    Cash to close
    $55,782
    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 Burlington County.

Property tax

Effective rate in Florence

2.03%of the home’s value each year

$6,301 a year for the typical owner in Florence.

  • Florence 2.03%
  • Burlington 2.26%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Burlington County

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

Homes in the high-risk zone
3%
4,044
Of those, with NFIP insurance
55%
County New Jersey U.S.
Homes in the high-risk zone 3% 6.7% 3.5%
Of those, with NFIP insurance 55% 63% 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 $1,354 a month: 22% below the county. In Florence, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Burlington County, by unit size. To pay the 2-bedroom one ($1,860 a month) without spending more than 30% of your income, you would need to earn $35.77 an hour working full time.

HUD fair market rent for all of Burlington 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 $1,438 $27.65 $57,520
1 bedroom $1,558 $29.96 $62,320
2 bedrooms $1,860 $35.77 $74,400
3 bedrooms $2,216 $42.62 $88,640
4 bedrooms $2,445 $47.02 $97,800

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 is in ZIP code 08518.

For 2 bedrooms it is $1,650: $210 less than the fair market rent for Burlington County ($1,860).

  • 08518 $1,650$1,970

1 of these ZIP codes crosses 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 3 buildings with rents for lower incomes in Florence. These are the largest.

  • Duffy School 203 W 2nd St, Florence 53 low-income homes · In service since 2015
  • Maplewood HMS Florence 08518 50 low-income homes · Run by Florence Housing Authority · Average payment: $783 a month · Average wait: 8 months (609) 499-0575
  • Roebling Village Inn Affordable Housing 32 Riverside Avenue, Florence 14 low-income homes · 1 bd: 14 · In service since 1997

See all 77 buildings in Burlington 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 Burlington County; none says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

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 Burlington County. The ones below are statewide in New Jersey: they work in Florence the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

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.

  • Housing & Community Development Network of New Jersey

    145 West Hanover Street, Trenton · 7 miles away

    (917) 974-5922

  • Isles, Incorporated

    10 Wood St, Trenton · 8 miles away · Spanish

    Also serves in Cantonese.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 2 more
    (609) 341-4700

  • Operation Hope- Camden NJ Branch

    533 Fellowship Rd, Mount Laurel · 15 miles away

    (267) 539-8535

Every agency in Burlington County All counseling agencies in New Jersey

Help in Spanish near Florence

1 of the 3 agencies on this list says it serves 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 Burlington County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

2 other authorities have an office in Burlington County: see the list Source: HUD

Cities

Other cities in Burlington County

These cities are also in Burlington County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Burlington County Housing in New Jersey

Nearby cities

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

Neighboring counties

If Burlington 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 smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Florence

Short answers with the numbers for Florence and all of Burlington 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 $309,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Burlington County it is $354,000.

How much does it cost to rent in Florence?

Typical rent in Florence is $1,354 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Burlington County is $1,860.

What is the FHA loan limit in Florence?

Florence uses the FHA limit for all of Burlington County (2026): $630,200 for a one-unit home and $1,211,950 for a four-unit home.

How much property tax do owners pay in Florence?

The typical homeowner in Florence pays $6,301 a year, according to the U.S. Census Bureau. That is 2.03% of the home’s value; in Burlington County, the rate is 2.26%.

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

There is 1 HUD-approved counseling agency with an office in Burlington 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).