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Florence, KY Housing

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As of 2010-2014, median price of a house in Florence is $136,500, which is higher than the state average of $121,600 and is lower than the national average of $175,700. The Florence median house value has grown by 33.82% since 2000. The growth rate for the price of a house in Florence is lower than the state average rate of 40.25% and is lower than the national average rate of 46.91%. The median year that a house in Florence was built is 1987, which is newer than the median year for a house built in the state which is 1978 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 6,451 Owner Occupied Houses in Florence, KY, #129

Florence, KY	136,500 USD
Kentucky	121,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #240

Florence, KY	33.82%
Kentucky	40.25%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Florence, KY	Kentucky	U.S.
Total Housing Units	13,778, see rank, 100%	1,938,836	132,741,033
Occupied Housing Units	12,684, 92.06%, see rank	87.80%	87.55%
Owner Occupied	6,451, 46.82%, see rank	59.42%	56.34%
Renter Occupied	6,233, 45.24%, see rank	28.38%	31.21%
Vacant Housing Units	1,094, 7.94%, see rank	12.20%	12.45%
For Rent	480, 3.48%, see rank	2.04%	2.34%
For Sale Only	181, 1.31%, see rank	1.33%	1.20%
Rented or Sold, Not Occupied	93, 0.67%, see rank	1.59%	0.92%
For Seasonal, Recreational, or Occasional Use	107, 0.78%, see rank	2.24%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	233, 1.69%, see rank	4.97%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #45

Florence, KY	Kentucky	U.S.
1987	1978	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Florence, KY	%	Kentucky	U.S.
Owner-Occupied Units	6,451	100%	1,152,012	74,787,460
With a Mortgage	4,952	76.76%, see rank	60.42%	65.58%
Without a Mortgage	1,499	23.24%, see rank	39.58%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Florence, KY	1,195 USD
Kentucky	1,124 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Florence, KY	%	Kentucky	U.S.
$299 or Less	11	0.22%, see rank	0.45%	0.20%
$300 to $499	105	2.12%, see rank	4.00%	1.59%
$500 to $699	224	4.52%, see rank	10.65%	5.01%
$700 to $999	1,089	21.99%, see rank	24.79%	14.32%
$1,000 to $1,499	2,208	44.59%, see rank	34.58%	27.90%
$1,500 to $1,999	957	19.33%, see rank	14.86%	20.35%
$2,000 to $2,999	308	6.22%, see rank	8.07%	19.52%
$3,000 or More	50	1.01%, see rank	2.60%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Florence, KY	20.80% of the Total Income
Kentucky	21.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Florence, KY	%	Kentucky	U.S.
10% or Less	355	7.17%, see rank	7.42%	5.86%
10% to 20%	1,991	40.21%, see rank	38.63%	31.95%
20% to 30%	1,389	28.05%, see rank	26.40%	27.64%
30% to 40%	611	12.34%, see rank	11.52%	13.74%
40% or More	590	11.91%, see rank	15.53%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Florence, KY	351 USD
Kentucky	336 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Florence, KY	%	Kentucky	U.S.
$199 or Less	57	3.80%, see rank	15.39%	7.76%
$200 to $299	511	34.09%, see rank	25.19%	14.70%
$300 to $499	635	42.36%, see rank	40.30%	34.63%
$500 to $699	271	18.08%, see rank	13.29%	21.16%
$700 or More	25	1.67%, see rank	5.82%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Florence, KY	10.00% of the Total Income
Kentucky	10.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Florence, KY	%	Kentucky	U.S.
10% or Less	798	53.24%, see rank	45.97%	40.19%
10% to 20%	385	25.68%, see rank	30.79%	31.47%
20% to 30%	169	11.27%, see rank	10.69%	12.24%
30% to 40%	61	4.07%, see rank	4.50%	5.64%
40% or More	73	4.87%, see rank	6.79%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Florence, KY	Kentucky	U.S.
Total Housing Units	13,778, 100%	1,938,836	132,741,033
1-unit, Detached	6,190, 44.93%, see rank	67.21%	61.65%
1-unit, Attached	786, 5.70%, see rank	2.45%	5.82%
2 Units	148, 1.07%, see rank	3.05%	3.75%
3 or 4 Units	596, 4.33%, see rank	4.01%	4.43%
5 to 9 Units	1,493, 10.84%, see rank	4.66%	4.78%
10 or More Units	4,388, 31.85%, see rank	6.39%	13.08%
Mobile Home, Boat, RV, Van, etc.	177, 1.28%, see rank	12.23%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Florence, KY	Kentucky	U.S.
Total Housing Units	13,778, 100%	1,938,836	132,741,033
1 Room	719, 5.22%, see rank	1.31%	1.95%
2 Rooms	261, 1.89%, see rank	1.58%	2.48%
3 Rooms	1,304, 9.46%, see rank	6.92%	9.13%
4 Rooms	2,819, 20.46%, see rank	16.56%	16.60%
5 Rooms	2,448, 17.77%, see rank	22.96%	20.41%
6 Rooms	2,363, 17.15%, see rank	19.01%	18.06%
7 Rooms	1,422, 10.32%, see rank	12.52%	12.27%
8 Rooms	959, 6.96%, see rank	8.32%	8.48%
9 Rooms or More	1,483, 10.76%, see rank	10.81%	10.60%
Median Rooms	5.20, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Florence, KY	Kentucky	U.S.
Total Housing Units	13,778, 100%	1,938,836	132,741,033
No Bedroom	773, 5.61%, see rank	1.42%	2.17%
1 Bedroom	1,692, 12.28%, see rank	8.44%	11.16%
2 Bedrooms	4,567, 33.15%, see rank	27.38%	26.69%
3 Bedrooms	4,183, 30.36%, see rank	44.95%	39.70%
4 Bedrooms	2,281, 16.56%, see rank	14.32%	16.05%
5 or More Bedrooms	282, 2.05%, see rank	3.49%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Florence, KY	Kentucky	U.S.
Total Housing Units	12,684, 100%	1,702,235	116,211,092
Utility Gas	5,494, 43.31%, see rank	38.22%	48.85%
Bottled, Tank, or LP Gas	184, 1.45%, see rank	6.49%	4.86%
Electricity	6,735, 53.10%, see rank	50.50%	36.68%
Fuel Oil, Kerosene, etc.	68, 0.54%, see rank	1.03%	5.86%
Coal or Coke	0, 0.00%, see rank	0.25%	0.12%
Wood	16, 0.13%, see rank	2.95%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	142, 1.12%, see rank	0.30%	0.47%
No Fuel Used	45, 0.35%, see rank	0.24%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Florence, KY	Kentucky	U.S.
Occupied Units Paying Rent	6,151, 100%	496,536	39,201,928
$199 or Less	43, 0.70%, see rank	3.01%	1.50%
$200 to $299	115, 1.87%, see rank	5.28%	3.18%
$300 to $499	292, 4.75%, see rank	15.95%	7.37%
$500 to $699	1,314, 21.36%, see rank	30.85%	16.01%
$700 to $999	2,286, 37.16%, see rank	29.97%	29.17%
$1,000 to $1,499	1,555, 25.28%, see rank	12.25%	26.88%
$1,500 to $1,999	259, 4.21%, see rank	1.85%	9.79%
$2,000 or More	287, 4.67%, see rank	0.83%	6.10%
Median	$855, see rank	$667	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Florence, KY	Kentucky	U.S.
Occupied Housing Units	12,684, 100%	1,702,235	116,211,092
No Vehicles Available	1,050, 8.28%, see rank	7.85%	9.12%
1 Vehicles Available	4,825, 38.04%, see rank	33.49%	33.80%
2 Vehicles Available	5,081, 40.06%, see rank	38.04%	37.48%
3 or More Vehicles Available	1,728, 13.62%, see rank	20.62%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.