Foreclosure Homes in Florence, AL 35633

Current Market Conditions in Florence, AL

The real estate market in Florence has shown steady growth over the past few years as more people recognize the value of living in this vibrant community. The combination of affordable housing and a flourishing local economy has attracted new residents, reflecting positively on market demand. Homes are selling relatively quickly, with some neighborhoods experiencing increased interest due to their proximity to key amenities and schools.

As of late 2023, Florence continues to be a seller's market, with limited inventory leading to competitive pricing for homes. The median home price has increased slightly compared to last year, signaling ongoing demand, especially in desirable neighborhoods close to the downtown area and waterfront.

Rent Prices In Florence, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Florence, AL, is on a rollercoaster ride. The average rent price in Florence, AL, is $1,053.00. Indeed, when looking to rent in Florence, AL, you can expect to pay as little as $400.00 or as much as $2,380.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Florence, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.