Housing data for Florence, KY
Florence, KY has an estimated 32,803 residents and 14,499 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Boone County.
42.5% of households rent.
The median gross rent is $1,329 a month.
Its population grew measurably since 2015–2019 (+1.3%).
Figures last updated on .
- Residents
- 32,803 (±37)
- Housing units
- 14,499 (±529)
- Households that rent
- 42.5%
- Median gross rent
- $1,329
- Residents since 2015–2019
- +1.3%
What stands out in Florence
Homes in buildings of 5 or more units: 41.0% (±4.8 points) in Florence, higher than in Boone County (18.5%).
Households that rent: 42.5% (±3.7 points) in Florence, higher than in Boone County (23.7%).
Homes built before 1980: 43.1% (±4.3 points) in Florence, higher than in Boone County (25.4%).
Median household income: $71,003 (±$3,723) in Florence, lower than in Boone County ($99,414).
- Types of homes in Florence
- Renters and owners in Florence
- Age of homes in Florence
- Income and affordability in Florence
Housing in Florence at a glance
- Median rent: $1,329 median gross rent a month
- Rent by bedrooms: $1,428 median gross rent, 2 bedrooms
- Rent burden: 40.7% of renters pay 30% or more of income
- Renters and owners: 42.5% of households rent
- Income and affordability: $71,003 median household income
- Home values: $210,700 median home value
- Homeowner costs: $1,398 median monthly cost with a mortgage
- Property taxes: $1,842 median real estate taxes a year
- Types of homes: 41.0% of homes are in buildings of 5 or more units
- Bedrooms: 45.8% of homes have 3 or more bedrooms
- Age of homes: 43.1% of homes were built before 1980
- Vacancy rate: 3.3% rental vacancy rate
- Heating fuel: 54.9% heat with electricity
- Commute and cars: 23.3 minutes average trip to work
- Crime reported to police: 199 violent crimes per 100,000 residents
- Growth: +1.3% residents since 2015–2019
- How long people stay: 29.8% moved in since 2020
- Crowding and facilities: 2.9% of homes have more than 1 person per room
- Fair Market Rent: $1,730 Small Area FMR, 2 bedrooms (ZIP 41042)
Florence against Boone County, its state and the nation
| Florence | Boone County | Kentucky | United States | |
|---|---|---|---|---|
| Residents | 32,803 (±37) | 139,841 (exact) | 4,534,824 (exact) | 334,922,499 |
| Housing units | 14,499 (±529) | 53,195 (±47) | 2,023,116 (±474) | 143,775,355 |
| Households that rent | 42.5% (±3.7 points) | 23.7% (±1.5 points) | 31.7% (±0.3 points) | 34.8% |
| Median gross rent | $1,329 (±$50) | $1,373 (±$37) | $967 (±$5) | $1,413 |
| Median household income | $71,003 (±$3,723) | $99,414 (±$2,884) | $63,726 (±$429) | $80,734 |
| Median home value | $210,700 (±$12,476) | $277,300 (±$6,482) | $205,600 (±$1,096) | $332,700 |
| Median real estate taxes (a year) | $1,842 (±$104) | $2,372 (±$59) | $1,544 (±$10) | $3,119 |
| Built before 1980 | 43.1% (±4.3 points) | 25.4% (±1.7 points) | 47.1% (±0.4 points) | 49.7% |
| Average commute | 23.3 minutes (±1.5) | 25.0 minutes (±0.8) | 24.0 minutes (±0.2) | 26.4 minutes |
| Households with broadband | 91.6% (±2.4 points) | 93.8% (±1.0 points) | 88.6% (±0.2 points) | 91.0% |
| Median age of residents | 38.9 years (±2.1) | 37.7 years (±0.4) | 39.1 years (±0.1) | 38.9 years |
Florence covers 11.2 square miles of land, about 2,935 residents per square mile (Census Bureau Gazetteer).
How Florence has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 32,369 (±34) | 32,803 (±37) | +1.3% | Measurable increase |
| Housing units | 13,833 (±450) | 14,499 (±529) | +4.8% | Not a measurable change |
| Median gross rent | $962 (±$29) | $1,329 (±$50) | +38.1% | Up after inflation |
| Median home value | $153,700 (±$4,659) | $210,700 (±$12,476) | +37.1% | Up after inflation |
| Median household income | $57,348 (±$4,364) | $71,003 (±$3,723) | +23.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,191 (±$50) | $1,398 (±$53) | +17.4% | No measurable change after inflation |
| Median real estate taxes | $1,530 (±$100) | $1,842 (±$104) | +20.4% | No measurable change after inflation |
| Households that rent | 44.7% (±3.1 points) | 42.5% (±3.7 points) | −2.2 percentage points | Not a measurable change |
| Rental vacancy rate | 2.6% (±2.1 points) | 3.3% (±2.2 points) | +0.7 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Florence
In 2025, the Florence Police Department reported 199 violent and 2,354 property crimes per 100,000 residents to the FBI.
Across Boone County, the departments that report recorded 101 violent and 854 property crimes per 100,000 residents that year.
ZIP codes in Florence
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 41042 | 44% | 57,634 | $1,351 | $223,000 | $79,712 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Florence
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Oakbrook | 1.7 mi | $1,665 | $260,700 | 12.8% |
| Elsmere | 2.5 mi | $1,351 | $171,900 | 24.9% |
| Union | 3.5 mi | $1,657 | $411,500 | 17.5% |
| Erlanger | 4.1 mi | $970 | $209,000 | 30.7% |
| Burlington | 4.4 mi | $1,489 | $254,300 | 26.6% |
| Crestview Hills | 4.7 mi | $1,481 | $279,800 | 26.2% |
| Edgewood | 4.9 mi | $1,073 | $312,200 | 7.1% |
| Lakeside Park | 5.2 mi | $1,154 | $360,400 | 16.8% |
Places in Kentucky most like Florence
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Southgate | $1,078 | $190,800 | $54,421 | 40.8% |
| Highland Heights | $1,144 | $169,700 | $53,275 | 37.5% |
| Lyndon | $1,246 | $276,800 | $65,679 | 55.8% |
| Middletown | $1,502 | $336,000 | $82,537 | 42.9% |
| Lexington | $1,164 | $293,500 | $69,479 | 46.2% |
| Crescent Springs | $926 | $302,100 | $83,066 | 42.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Kentucky.
HUD Fair Market Rent for Florence, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,052 | $1,128 | $1,442 | $1,897 | $2,141 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Florence, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,100 | $38,500 | $61,550 |
| 2 people | $26,400 | $44,000 | $70,350 |
| 3 people | $29,700 | $49,500 | $79,150 |
| 4 people | $33,000 | $54,950 | $87,900 |
| 5 people | $38,680 | $59,350 | $94,950 |
| 6 people | $44,360 | $63,750 | $102,000 |
| 7 people | $50,040 | $68,150 | $109,000 |
| 8 people | $55,720 | $72,550 | $116,050 |
These are the limits HUD sets for its housing programs in the Cincinnati, OH-KY-IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $109,900.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Florence
What is the average rent in Florence, KY?
The Census Bureau publishes the median rather than the average: the median gross rent in Florence is $1,329 (±$50) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Florence?
The median gross rent for a one-bedroom home in Florence, KY is $1,065 (±$152) a month (2020–2024 American Community Survey).
Are renters in Florence rent-burdened?
40.7% of renting households in Florence pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Florence?
Florence has an estimated 5,916 (±613) renting households, 42.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Florence?
The median household income in Florence is $71,003 (±$3,723) a year (2020–2024 American Community Survey).
What is the average home value in Florence, KY?
The Census Bureau publishes the median: $210,700 (±$12,476) for owner-occupied homes in Florence (2020–2024 American Community Survey).
Is Florence growing?
In Florence, the number of residents went from 32,369 in 2015–2019 to 32,803 in 2020–2024 (+1.3%), a measurable increase.
What ZIP codes are in Florence?
The ZIP code that covers Florence is 41042.
What is the median rent in ZIP code 41042?
The median gross rent in ZIP Code Tabulation Area 41042 is $1,351 (±$41) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Florence city, Kentucky
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Florence city, Kentucky
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Florence city, Kentucky
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Florence city, Kentucky
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Florence city, Kentucky
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Florence city, Kentucky
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Florence city, Kentucky
- HUD Fair Market Rents, fiscal year 2027: Cincinnati, OH-KY-IN HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Cincinnati, OH-KY-IN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Florence Police Department (ORI KY0080200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Florence city, Kentucky (place:27982, in state:21).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .