Property Prices in Florence, AL, United States

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Index Info
Price to Income Ratio: 3.48
Mortgage as Percentage of Income: 28.83%
Loan Affordability Index: 3.47
Price to Rent Ratio - City Centre: 11.78
Price to Rent Ratio - Outside of Centre: 15.25
Gross Rental Yield (City Centre): 8.49%
Gross Rental Yield (Outside of Centre): 6.56%

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Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 712.50 $ 650.00-775.00
1 Bedroom Apartment Outside of City Centre 524.00 $ 450.00-598.00
3 Bedroom Apartment in City Centre 1,028.00 $ 900.00-1,156.00
3 Bedroom Apartment Outside of City Centre 852.50 $ 750.00-955.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 154.96 $
Price per Square Feet to Buy Apartment Outside of Centre 154.96 $
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,395.36 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.54 4.38-6.70

These data are based on 15 entries from 3 contributors over the past 18 months.
Last update: 23 November 2025

Sources and References
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