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Florence

Learn about the people, housing, costs and businesses in Florence, Arizona

Median Home$355,555
Median Rent$1,700/month
Population136,207
Leading IndustriesHealthcare · Professional Services · Education13% healthcare
Home Value Growth+9.3% over 2 years
Young Adults32% of residentswell above average
Homeowners82% of occupied units
NotableHigh Incomes$91k/year · top 23% nationally
NotableVeteran Community8% of residents · top 27% nationally
Florence
AZ

Frequently Asked Questions

What are today's mortgage rates in Florence?

As of today, the 30-year fixed mortgage rate for Florence is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Florence?

The median home value in Florence is $356k. The median monthly rent is $1,700. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Florence?

Home values in Florence have increased 9.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Florence?

Based on a typical all-in ownership cost of $1,445/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Florence is $91k/year.

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What industries drive the economy in Florence?

The largest employment sectors in Florence are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.