A typical Florence home is worth roughly $201,000
Home prices around Florence have risen about 59% over the past 5 years. No new homes were permitted in 2008.
What kind of housing town is Florence?
Read from the numbers below. The page puts what stands out first.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Florence rose 59% over the past 5 years, faster than across Michigan (52%). Last year prices rose 6.9%. Carrying the Census median home value forward with that index puts the typical Florence home at roughly $201,000 today.
Carrying the Census median forward with the index puts a typical home at about $201K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Florence, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.2 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Florence home, with $41K to spare.
A two-bedroom rents for about $990 a month here, $230 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Florence’s typical property tax (1.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $990
Renters already here pay a median of $1,158.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cass County, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2008
No permits for new homes were issued in Florence in 2008 or in any year since 2000.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Florence's permit office didn't report to the Census in 2008, so the 2008 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
74% of Florence households own their home
Half of Florence’s homes were built before 1970.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Florence vs. its neighbors
Florence is the least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Florence | $201K* | +6.9%† | $990 | — | $62,868 |
| Constantine | $212K | +7.1% | $980 | 3 | $73,926 |
| White Pigeon | $245K | +5.2% | $1,040 | 9 | $71,071 |
| Sherman | $263K* | +8.1%† | $1,050 | 7 | $83,250 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Florence buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.