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Housing Affordability in Florence, AL

Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.

Households paying 30%+ for housing
26.2%
Alabama 26.3%
Renters paying 30%+
40.2%
Alabama 48.8%
Homeowners paying 30%+
15.0%
Alabama 17.9%
Owner costs with a mortgage
$1,185/mo
Alabama $1,433/mo

Housing costs compared with income

  • Renters paying 30% or more2,96740.2%
  • Homeowners paying 30% or more1,36415.0%
  • Renters paying 50% or more1,42419.3%
  • Median rent as a share of income: 26.3%
  • Median owner costs as a share of income, with a mortgage: 19.1%
  • Median owner costs without a mortgage: $463/mo
  • Median home value divided by median household income: 3.8

How it compares

Swipe the table sideways to see more columns.

AreaHouseholds paying 30%+ for housingRenters 30%+Owners 30%+Median rent as % of income
Florence, AL26.2%40.2%15.0%26.3%
Lauderdale County20.7%37.5%14.3%24.9%
Alabama26.3%48.8%17.9%29.5%
United States32.2%51.1%22.7%30.6%

Frequently asked questions

What is the housing cost burden in Florence, AL?
In Florence, AL, 26.2% of households spend 30% or more of their income on housing costs.
How does Florence compare with Alabama?
The households paying 30%+ for housing in Florence is 26.2%, compared with 26.3% for Alabama as a whole.

Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates