Foreclosure Homes in Florence, SC 29501

Current Market Conditions in Florence, SC

The Florence real estate market has been steadily growing, with an increase in demand for housing due to the city’s expanding job opportunities and attractive living conditions. Homes in Florence often experience competitive bidding, particularly in sought-after neighborhoods, as more people are drawn to the area’s affordability compared to larger cities in South Carolina.

Recent trends indicate that new developments and renovations are on the rise, further boosting property values. Many buyers are seeking single-family homes with spacious yards, which Florence can accommodate. The market is particularly appealing to first-time homebuyers and retirees looking for a slower pace of life without sacrificing amenities.

Rent Prices In Florence, SC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Florence, SC, is on a rollercoaster ride. The average rent price in Florence, SC, is $1,197.00. Indeed, when looking to rent in Florence, SC, you can expect to pay as little as $480.00 or as much as $2,540.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Florence, SC -- 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.