Florence, AL

Population: 40,215
Average annual home appreciation rate: 1.19%
Total of homes for sale in this market: 160
Median home price: $119,110
Median Rent: $658 per room
Home price range: 37.61% of homes are between $101,001 – $202,000
Median sales price: Still gathering data
Number of homes: 26
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 69.71% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.56%
Number of renters: 45.48%
Number of owner occupied: 54.52%
Number people living below poverty level: 24.03%
Unemployment rate: 6.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Florence area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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