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City · 40,408 residents · Florence County, South Carolina

Florence , South Carolina

In Florence, a typical home is worth $211,400 and typical rent is $992 a month. Compared with all of Florence County, the typical home value is 19% higher and the share of households that own their home is 6 points lower.

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  • Typical home value

    $211,400

    19% above the county

    18% below South Carolina

    • Florence
    • County
    • South Carolina

  • Typical rent

    $992a month

    4% above the county

    16% below South Carolina

    • Florence
    • County
    • South Carolina

  • Typical household income

    $56,143a year

    4% below the county

    19% below South Carolina

    • Florence
    • County
    • South Carolina

  • Households that own their home

    58%

    6 points below the county

    13 points below South Carolina

    • Florence
    • County
    • South Carolina

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

Market now, with Zillow data

Zillow data
Typical home value
$224,906
3.1% more than 12 months ago
Typical rent
$1,613 a month
about the same as 12 months ago

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

Florence is in Florence 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 Florence 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 Dillon, the typical home value is $115,500: 45% less than in Florence ($211,400).

  2. Nearby, in Dillon, the typical rent is $630: 36% less than in Florence ($992).

  3. The typical home in Florence is worth $211,400, 19% more than in Florence County as a whole ($177,900).

  4. 58% of households in Florence own their home, against 65% in Florence 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

Detached houses, standing on their own, make up 67% of homes here, against 63% in Florence County.

Year built

In Florence, half of the homes were built before 1983; in Florence County, before 1986.

There are fewer big homes in Florence than in Florence County: 64% have 3 bedrooms or more, against 71%.

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

The FHA loan limit for Florence County is $541,287, and about 94% of owner-occupied homes in Florence are worth less than that.

Monthly rent with utilities

About 60% of rented homes in Florence cost less than HUD's 2-bedroom fair market rent for Florence County ($1,121); the rest cost more.

With a mortgage

$1,368 a month

Florence County: $1,354 a month

Without a mortgage

$455 a month

Florence County: $420 a month

Owners with a mortgage

66%

Florence County: 54%

Owning costs about the same in Florence as in Florence County: with a mortgage, $1,368 a month; without one, $455.

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

Much as in Florence County, the typical home value in Florence rose 33% since 2015–2019.

Rents in Florence rose faster than in Florence County: 27% since 2015–2019, against 24%.

The typical household income in Florence rose 13%: less than home values (+33%) and rent (+27%).

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

MeasureFlorenceFlorence CountySouth CarolinaUnited States
Rental vacancy 10.6%7.3%8.3%5.5%
Homeowner vacancy Unreliable estimate1.2%0.9%0.9%
More than one person per room 3.3%2.5%2.0%3.4%
People per household 2.422.532.442.53
Drive alone 76%79%76%69%
Carpool 10%9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 11%9%12%15%
Other means Unreliable estimate1%2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Florence: 10.6% is empty and offered for rent, against 7.3% in Florence County.

More than one person per room: that is how 3.3% of households in Florence live, near the figure in Florence County (2.5%).

By size, households in Florence look like those in Florence County: 2.42 people on average.

To get to work, 76% of workers in Florence drive alone; in Florence 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 $211,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Florence, which is $56,143 a year. For that payment to be 28% of income, a household would need to earn about $71,142 a year.

The calculator's FHA and conventional loan limits are those of all of Florence 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 $7,399 (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

$1,660

at 7.18% · 30 years

Loan amount
$207,571
Total interest
$298,646
Paid off in
November 2056

Includes $3,570 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,310 a month

  • Tight

    $1,310 to $1,684 a month

    Your payment · 35%

  • Hard

    more than $1,684 a month

Compared with the typical household income in Florence ($56,143 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,660
Principal & interest$1,406
Property tax$72
Home insurance$88
FHA mortgage insurance (MIP)$94

You need at least $7,399 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 Florence County

Florence is in Florence County, South Carolina. 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
$211,400
Typical monthly rent
$992
Typical yearly household income
$56,143
Households that own their home
58%
Effective property tax rate
0.41%

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

Numbers for all of Florence County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,121
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
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 Florence County.

Everything about Florence County

Buying

Buying a home in Florence

A typical home in Florence is worth $211,400: 19% above the county and 18% below South Carolina. With the typical household income in Florence ($56,143 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
  • County 3.1 years
  • South Carolina 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Florence County

According to FHFA’s house price index, home prices in Florence County rose 72% in the 10 years through 2025.

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

Period County South Carolina U.S.
Last year (2025) +8.5% +3.6% +2.9%
5 years (2020–2025) +51% +60% +47%
10 years (2015–2025) +72% +104% +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 Florence County, South Carolina and the U.S.

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

Typical home value
  • Florence $211,400
  • County $177,900
  • South Carolina $259,000
  • United States $332,700
Typical monthly rent
  • Florence $992
  • County $954
  • South Carolina $1,180
  • United States $1,413
Typical yearly household income
  • Florence $56,143
  • County $58,305
  • South Carolina $69,324
  • United States $80,734
See the full table
Florence next to Florence County and South Carolina
Measure Florence Florence County South Carolina U.S.
Typical home value $211,400 $177,900 $259,000 $332,700
Typical monthly rent $992 $954 $1,180 $1,413
Typical yearly household income $56,143 $58,305 $69,324 $80,734
Households that own their home 58% 65% 72% 65%
Typical yearly property tax $860 $756 $1,251 $3,119
Effective property tax rate 0.41% 0.42% 0.48% 0.94%
Renters with high rent for their income 54% 51% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Florence 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 $211,400 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 $1,660a month

    Least cash to close
    Down payment
    $7,399
    Cash to close
    $13,741
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $94

  • Conventional, 5% down $1,621a month

    Down payment
    $10,570
    Cash to close
    $16,912
    Rate
    7.18%
    Mortgage insurance
    PMI · $100

  • Conventional, 20% down, no PMI $1,306a month

    Down payment
    $42,280
    Cash to close
    $48,622
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,501a month

    Down payment
    $31,710
    Cash to close
    $38,052
    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 Florence County.

Property tax

Effective rate in Florence

0.41%of the home’s value each year

$860 a year for the typical owner in Florence.

  • Florence 0.41%
  • County 0.42%
  • South Carolina 0.48%

What South Carolina publishes Special 4% assessment ratio for your legal residence (South Carolina General Assembly (South Carolina Code of Laws))

Exemptions and deadlines in South Carolina

Flood risk in Florence County

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

Homes in the high-risk zone
1%
478
Of those, with NFIP insurance
29%
County South Carolina U.S.
Homes in the high-risk zone 1% 4% 3.5%
Of those, with NFIP insurance 29% 85% 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 $992 a month: 4% above 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 Florence County, by unit size. To pay the 2-bedroom one ($1,121 a month) without spending more than 30% of your income, you would need to earn $21.56 an hour working full time.

HUD fair market rent for all of Florence 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 $982 $18.88 $39,280
1 bedroom $987 $18.98 $39,480
2 bedrooms $1,121 $21.56 $44,840
3 bedrooms $1,444 $27.77 $57,760
4 bedrooms $1,545 $29.71 $61,800

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 has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,010 in 29506 to $1,370 in 29505.

2 of the 3 are above the fair market rent for Florence County ($1,121).

  • 29501 $1,270$1,630
  • 29505 $1,370$1,770
  • 29506 $1,010$1,300

3 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 29 buildings with rents for lower incomes in Florence. These are the largest.

  • Church Hill 904 June Ln, Florence 29506 166 low-income homes · Run by Housing Authority of Florence · Average payment: $375 a month · Average wait: 46 months · Homes at several sites (843) 669-4163
  • Select Houses/Bridgeland 1003 E Macree Ter, Florence 29505 150 homes, 149 low-income · Run by Housing Authority of Florence · Average payment: $569 a month · Average wait: 35 months · Homes at several sites (843) 669-4163
  • Pine PK/Clyde CT/Lakota PL 514 Clyde St, Florence 29506 102 low-income homes · Run by Housing Authority of Florence · Average payment: $316 a month · Average wait: 3 months · Homes at several sites (843) 669-4163
  • Creekside Village 2311 W Palmetto St, Florence 29501 100 low-income homes · Run by Housing Authority of Florence · Average payment: $342 a month · Average wait: 12 months (843) 669-4163
  • Village Creek, ALP 2212J Pamplico Hwy, Florence 29505 96 low-income homes · For families (843) 374-3541

See all 45 buildings in Florence 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 Florence County; none says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Florence

1 program is for Florence or Florence County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in South Carolina: they work in Florence the same as in the rest of the state.

Which programs do I qualify for? All programs in South Carolina

  • County First Initiative

    For Florence County

    South Carolina state agency rural initiative for certain counties: an FHA, USDA or VA mortgage at a special fixed rate with forgivable down payment assistance, for first-time buyers and for people who have owned a home before. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    See the program Official page

  • Palmetto Home Advantage

    Statewide in South Carolina

    South Carolina state agency program with forgivable down payment assistance of 0%, 3% or 4% of the loan, with no monthly payments, for any buyer in all 46 counties. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    See the program Official page

  • SC Housing Homebuyer Program

    Statewide in South Carolina

    South Carolina state agency fixed-rate mortgage with forgivable help for the down payment, closing costs or prepaid expenses: a 0% second mortgage with no monthly payments, forgiven if you live in the home 15 years. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    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.

  • City of Florence

    324 W Evans St, Florence · 2 miles away

    • Fair housing pre-purchase workshops
    • Pre-purchase counseling
    • and 2 more
    (843) 665-3175

  • NSC (naca Counseling Subsidiary) - Columbia, SC

    810 Dutch Square Blvd Suite 220, Columbia · 75 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (803) 255-0223

  • Southeastern Housing & Community Development Fka Southeastern Housing Foundation

    986 Doyle St, Orangeburg · 78 miles away

    • Budget and financial counseling
    • Fair housing pre-purchase workshops
    • and 3 more
    (803) 534-9950

Every agency in Florence County All counseling agencies in South Carolina

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 Florence County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Florence Public housing and Section 8 vouchers (843) 669-4163

One other authority has an office in Florence County: see the list Source: HUD

Cities

Other cities in Florence County

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

Everything about Florence County Housing in South Carolina

Nearby cities

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

Neighboring counties

If Florence 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 Florence 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 $211,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Florence County it is $177,900.

How much does it cost to rent in Florence?

Typical rent in Florence is $992 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Florence County is $1,121.

What is the FHA loan limit in Florence?

Florence uses the FHA limit for all of Florence 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 $860 a year, according to the U.S. Census Bureau. That is 0.41% of the home’s value; in Florence County, the rate is 0.42%.

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

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