The typical owner-occupied home in Florence is worth about $38,500, 82% below the Kansas median of $217,200 and 88% below the national median of $332,700. Owners pay a median $797 a year in property taxes, about 2.07% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $30,313 a year, so the median home costs 1.3 times the median income (2.9 times for Kansas). 64% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Florence at a glance
| Florence | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $38,500 | $217,200 | $332,700 |
| Median property tax paid per year | $797 | $2,798 | $3,119 |
| Property tax as a share of value | 2.07% | 1.29% | 0.94% |
| Median household income | $30,313 | $74,275 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 34% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $875 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 13.5% | 19.4% | 21.0% |
| Median rent | $832 | $1,060 | $1,413 |
| Rent as a share of renters' income | 37.3% | 27.1% | 30.6% |
| Median year homes were built | 1949 | 1976 | 1980 |
| Vacant homes | 19.5% | 9.2% | 10.1% |
| Population | 522 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Florence
At this week's average 30-year rate of 7.11%, buying the median Florence home of $38,500 with 20% down costs about $290 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $354, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $12,413 for the 20%-down payment. That payment is 11% of the median Florence household income of $30,313; at that income and 20% down, the 28% guideline points to a home of about $94,000.
The median rent here is $832 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $7,700 |
|---|---|
| Loan amount | $30,800 |
| Principal and interest | $207 |
| Property taxes (2.07% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $16 |
| PMI | $0 |
| Total per month | $290 |
Change the numbers in the calculator
| Down payment | $1,348 |
|---|---|
| Loan amount | $37,803 |
| Principal and interest | $254 |
| Property taxes (2.07% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $16 |
| FHA mortgage insurance | $17 |
| Total per month | $354 |
Change the numbers in the calculator
Questions about home buying in Florence
What is the median home value in Florence?
About $38,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Florence?
Homeowners pay a median $797 a year, which is about 2.07% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Florence?
For the median home with 20% down at 7.11%, the payment is about $290 a month. Keeping that under 28% of gross income takes about $12,413 a year.
More about Florence
- Mortgage Refinance in Florence
- Debt Relief in Florence
- Home Equity Loans in Florence
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data