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Florence city, SC

ZIP 29501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29501

Median Home Value
$220,800
Median Rent
$818
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,418/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 29501 in Florence city, SC, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,418. That sits below the local median household income ($70,618), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.0%-4% vs US avg
x
Vacancy Rate
11.2%+8% vs US avg
x
Broadband Access
85.1%-2% vs US avg
x
4+ Bedrooms
5.1%-66% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
22.6%-54% vs US avg
x
Mortgage-Free
37.5%-2% vs US avg
x
$220,800
Home Value
$818
Rent
1984
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.6%
  • 1-unit attached1.8%
  • 2-9 units17.4%
  • 10+ units7.1%
  • Mobile home & other6.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,800
Median rent$818
Owner-occupied63.0%
Vacant11.2%
Price-to-income3.1x
Est. income to buy$61,000