Florence, AL Real Estate
According to census data in the year 2000 there were 17,696 housing units in Florence.
This represents a 11.2% growth from 15,913 in 1990.
Of those housing units, 17,550 were located in either urbanized areas or urban clusters, and 146 were located in what is classified as a rural area.
Homeownership rate in Florence is about 58.5%.
Florence's vacancy rate, including seasonal lodging, is about 10.9%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Florence were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 13.50% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 39.80% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $83,300 |
| Median Price asked for vacant units | $58,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 45.60% |
| Debt Free | 42.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
