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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Florence, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Florence, TX Housing Market Trends

With a population of 1,196, 398 total housing units (homes and apartments), and a median house value of $464,445, Florence real estate is some of the most expensive in Texas, although Florence home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Florence, accounting for 72.28% of the city's housing units. Other types of housing that are prevalent in Florence include mobile homes or trailers ( 22.39%), duplexes, homes converted to apartments or other small apartment buildings ( 3.10%), and a few row houses and other attached homes ( 2.22%).

The most prevalent building size and type in Florence are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.79% owning and 41.21% renting.

There is a lot of housing in Florence built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Florence built between 1940-1969 ( 26.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.07%). There's also some housing in Florence built before 1939 ( 15.74%).

Vacant housing appears to be an issue in Florence. Fully 11.75% of the housing stock is classified as vacant. Left unchecked, vacant Florence homes and apartments can be a drag on the real estate market, holding Florence real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Florence Home Appreciation Rates

In the last 10 years, Florence has experienced some of the highest home appreciation rates of any community in the nation. Florence real estate appreciated 128.45% over the last ten years, which is an average annual home appreciation rate of 8.61%, putting Florence in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Florence definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Florence appreciation rates have trailed the rest of the nation. In the last twelve months, Florence's appreciation rate has been -8.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Florence were at -2.44%, which equates to an annual appreciation rate of -9.41%.

Notably, Florence's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Florence's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$464,445

Florence, TX Home Prices
> $1,095,000
$821,001 - $1,095,000
$547,001 - $821,000
$438,001 - $547,000
$328,001 - $438,000
$219,001 - $328,000
$109,001 - $219,000
$55,001 - $109,000
$0 - $55,000
14.4%
14.4%
7.1%
7.1%
5.5%
5.5%
22.9%
22.9%
14.6%
14.6%
10.5%
10.5%
15.6%
15.6%
2.7%
2.7%
6.6%
6.6%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

398

Florence Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,288 / per month

Homeownership Rate

Owners
Renters
58.8%
58.8%
41.2%
41.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.8%
11.8%
88.2%
88.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.1%
17.1%
40.6%
40.6%
26.6%
26.6%
15.7%
15.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.3%
72.3%
2.2%
2.2%
3.1%
3.1%
0.0%
0.0%
22.4%
22.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
5.5%
5.5%
38.1%
38.1%
48.1%
48.1%
5.8%
5.8%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Florence

Zip Codes in Florence, TX