Florence County, South Carolina Housing Market Prices
Florence County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% below the South Carolina median$164,627
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Median rent 19% below the South Carolina median$953
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Florence County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,627 | $239,609 | $248,835 |
| Price Trend (Annual %) | 5.6% | 8.9% | 7.5% |
| Median Gross Rent | $953 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Florence County is about 31% lower than in South Carolina. Rent is about 19% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Florence County, up about 5.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Florence County rose about 41.1% between 2015 and 2024, from $676 to $953. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Florence County.
Buying the median-priced home in Florence County costs roughly 14.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Florence County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Florence County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,627 | $239,609 | $248,835 |
| Median Household Income | $58,597 | $69,383 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Florence County rose about 48.0%, while median household income rose about 36.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Florence County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.9% | 62.3% | 58.5% |
| Rental Rate | 30.2% | 24.4% | 31.2% |
| Vacancy Rate | 14.9% | 13.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Florence County has a homeownership rate of 54.9%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 14.9%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Florence County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Florence County was built around 1986. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Florence County, SC Housing Compared With Nearby Counties
Florence County, SC is the largest of the 4 counties compared here, 137,115 residents against a local median of 28,664. Where Florence County, SC breaks from the counties next to it is median home price, sitting 42% above the local median of $115,885 at $164,627.
Median rent tells the same story from another angle: $953 against a local median of $678, 41% above it. The counties themselves spread $75,399 on median home price, so Florence County, SC sits at one end of an already wide local range rather than apart from it. Florence County, SC has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Florence County, SC | 137,115 | $164,627 #1/4 | $953 #1/4 | 64.5% #3/4 |
| Marion County, SC | 28,664 | $132,812 | $668 | 62.6% |
| Darlington County, SC | 62,559 | $115,885 | $895 | 70.9% |
| Dillon County, SC | 27,862 | $57,413 | $678 | 64.7% |
Frequently Asked Questions
Common questions about the housing market in Florence County, South Carolina.
What is the median home price in Florence County, South Carolina?
The median home price in Florence County, South Carolina is $164,627, lower than the South Carolina average of $239,609.
What is the average home price in Florence County, South Carolina?
The typical home price in Florence County, South Carolina, reported as the median sale price, is $164,627. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Florence County, South Carolina?
The median gross rent in Florence County, South Carolina is $953 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Florence County in 2020?
In 2020, the median gross rent in Florence County, South Carolina was $782 per month.
What is the price-to-rent ratio in Florence County, South Carolina?
The price-to-rent ratio in Florence County, South Carolina is about 14.4, meaning it would take roughly 14.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Florence County.
Are home prices or rent rising faster in Florence County, South Carolina?
Both home prices and rent are rising in Florence County, up about 5.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Florence County, South Carolina?
54.9% of households in Florence County, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Florence County, South Carolina?
The housing vacancy rate in Florence County, South Carolina is 14.9%, higher than the South Carolina average of 13.3%.
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