A typical Florence home is worth roughly $143,000
Home prices around Florence have risen about 59% over the past 5 years. Builders were permitted 4 new homes in 2025.
What kind of housing town is Florence?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.8 years of income
Less than across New York (6.1 years). Try your own numbers below.
That covers a typical Florence home, with $148K to spare.
A two-bedroom rents for about $1,190 a month here, $300 more 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 (1.19% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
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 New York (52%). Last year prices rose 8%. Carrying the Census median home value forward with that index puts the typical Florence home at roughly $143,000 today.
Carrying the Census median forward with the index puts a typical home at about $143K.
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.
4 new homes permitted in 2025
Builders were permitted 4 new homes in Florence in 2025, all single-family houses. That's 3.6 per 1,000 residents, faster than across New York (1.8). Over the past 10 years, Florence has permitted 37 homes in all.
Between the 2010 and 2020 censuses, Florence gained 259 residents while 37 new homes were permitted: about 7 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across New York: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $194,000 |
| 2025 | 4 | 4 | 0 | $776,000 |
| 2024 | 4 | 4 | 0 | $776,000 |
| 2023 | 4 | 4 | 0 | $1.2 million |
| 2022 | 3 | 3 | 0 | $263,000 |
| 2021 | 2 | 2 | 0 | $175,000 |
| 2020 | 2 | 2 | 0 | $175,000 |
| 2019 | 1 | 1 | 0 | $180,000 |
| 2018 | 5 | 5 | 0 | $1.2 million |
| 2017 | 5 | 5 | 0 | $960,000 |
| 2016 | 7 | 7 | 0 | $828,000 |
| 2015 | 6 | 6 | 0 | $710,000 |
| 2014 | 4 | 4 | 0 | $420,000 |
| 2013 | 1 | 1 | 0 | $85,000 |
| 2012 | 5 | 5 | 0 | $580,000 |
| 2011 | 2 | 2 | 0 | $100,000 |
| 2010 | 1 | 1 | 0 | $250,000 |
| 2009 | 8 | 8 | 0 | $805,000 |
| 2008 | 4 | 4 | 0 | $435,000 |
| 2007 | 2 | 2 | 0 | $240,000 |
| 2006 | 7 | 7 | 0 | $658,000 |
| 2005 | 7 | 7 | 0 | $300,000 |
| 2004 | 1 | 1 | 0 | $125,000 |
| 2003 | 3 | 3 | 0 | $425,000 |
| 2002 | 2 | 2 | 0 | $315,000 |
| 2001 | 1 | 1 | 0 | $120,000 |
| 2000 | 1 | 1 | 0 | $60,000 |
Florence's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
90% of Florence households own their home
Half of Florence’s homes were built before 1983.
New York: 54% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $1,190
Renters already here pay a median of $1,304.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Syracuse, NY MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Florence vs. its neighbors
Florence is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
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.