Florence County, South Carolina Housing Market
In Florence County, South Carolina, the median home value is $177,900, with a median monthly rent of $954. This places Florence County at #1670 nationally out of 3134 counties by median home value, and #22 within South Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,032
- Establishments: 3,609
- BLS QCEW, 2025
Housing Supply
- Single-family: 553
- Multi-family: 144
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 52,512 (avg $67,531)
- Outflow: 49,882 (avg $68,224)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Florence County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 29541 | 234.4 | +15.35% | 2025 |
| 2 | 29505 | 211.9 | +6.09% | 2025 |
| 3 | 29555 | 194.1 | +5.50% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Florence County on Our Sister Sites
Get the complete picture for Florence County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Florence County Compares
| Metric | Florence County | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $177,900 | $199,732 | $227,706 |
| Median Gross Rent | $954 | $984 | $968 |
| Owner Occupancy Rate | 64.5% | 73.2% | 73.3% |
| Price/Rent Ratio | 15.5 | 16.3 | 18.7 |
Market Analysis
The median home value in Florence County is 10.9% below the South Carolina state average and 21.9% below the U.S. national average. The median rent of $954/month is 3.0% below the state average.
With a price-to-rent ratio of 15.5, the buy-vs-rent decision in Florence County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Florence County has an owner-occupancy rate of 64.5%, compared to 73.2% in South Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Delaware County | Iowa | $177,900 | $764 |
| Benton County | Missouri | $177,900 | $773 |
| Barren County | Kentucky | $178,000 | $796 |
| Madison County | Arkansas | $178,100 | $729 |
| Juneau County | Wisconsin | $177,700 | $879 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Abbeville County | $178,800 | $799 | 78.1% |
| Greenwood County | $180,500 | $898 | 67.0% |
| Newberry County | $173,300 | $872 | 73.1% |
| Calhoun County | $172,100 | $1,052 | 85.0% |
| Laurens County | $170,600 | $880 | 71.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).