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Florence, AL Condo for Sale
Why Live in Florence


Florence's rich musical heritage comes alive through attractions like the W.C. Handy Birthplace Museum, celebrating the "Father of the Blues." The city's cultural scene thrives with the Kennedy-Douglass Center for the Arts' rotating exhibits and live performances at the historic Shoals Theatre. McFarland Park provides scenic Tennessee River access for picnicking and walking, while Wilson Park serves as a downtown community gathering space. Architecture buffs will appreciate the Frank Lloyd Wright-designed Rosenbaum House, Alabama's only Wright creation. The University of North Alabama campus features a unique live lion habitat, adding to the city's distinctive character.
The Florence housing market includes single family homes, townhomes, and condos across diverse neighborhoods. Single family homes in Forest Hills command a median price of $275,000, while Downtown Florence's median price sits at $255,000. Hickory Hills represents the highest median price point at $304,500. Two bedroom condos typically sell for a median price of $345,000, and townhomes have a median price of $197,500.
Florence's cost of living stands 16.3% below the national average. A family with school age children needs approximately $89,000 annually to live comfortably, while renters require about $41,000. Property taxes remain competitive at 0.38%, lower than many comparable cities. The combined sales tax rate is 9.43%. Monthly grocery costs average $1,500 for families and $700 for renters. Housing expenses run approximately $1,500 monthly for families and $1,000 for renters. The city has two A rated schools: Kilby Laboratory School and St. Joseph Regional Catholic School, serving multiple neighborhoods including North Florence and Downtown Florence.
Home Trends in Florence, AL
On average, homes in Florence, AL sell after 34 days on the market compared to the national average of 50 days. The median sale price for homes in Florence, AL over the last 12 months is $240,000, up 2% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$240,000
Median Single Family Sale Price
$255,000
Median Townhouse Sale Price
$197,500
Median 2 Bedroom Sale Price
$345,000
Average Price Per Sq Ft
$148
Number of Homes for Sale
172
Last 12 months Home Sales
810
Months of Supply
2.50
Median List Price
$269,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%