Florence, Kentucky.
Typical home $287,887 (+0.7% in a year), asking rent $1,522 (+2.4%). Cincinnati, OH-KY-IN metro.
to buy the typical home at today's mortgage rate — +$792 (+110%) since Jan 2020.
- 1 year
- Up $1,985 +1%
- $285,902$287,887 since Sep 2025
- 5 years
- Up $47,715 +20%
- $240,172$287,887 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Florence$1,511
- Kentucky$1,212
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Florence, KY rose 0.7% over the past year — slower than the nation's +1.2%.
Asking rents in Florence, KY rose 2.4% over the past year — slower than the nation's +2.7%.
Owning the typical home in Florence runs $502/mo more than renting one. The gap peaked at $605 in Oct 2023.
That is $2,024 a month against $1,522 rent: a $1,511 mortgage payment, plus $205 property tax and $308 insurance & upkeep.
Owning vs renting — Florence
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,024
- Renting$1,522
- Mortgage only$1,511
Property tax · $205/mo 0.86% of value a year — the ACS 2020-2024 median bill over the median home value for Boone County, KY
Insurance & upkeep · $308/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Florence, Boone County, Kentucky
Florence is a city of 31,946 people in Boone County. Half its households earn more than $71,003 a year and half less, against $99,414 across Boone County; 10% of its people live below the poverty line. 58% of its homes are lived in by their owners and 42% are rented. Unemployment in Florence was 3.7% in August 2026, and Boone County had 2.5% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Florence is a city in Boone County, Kentucky, and a fairly large one for the state. Its residents are around the age of the typical American, and incomes run below the county's as a whole. More homes are lived in by their owners than rented, though renting is common too, and a four-year degree is held by a minority of adults. Winters are cold, with highs near freezing in the coldest part of January, and summers are warm, with snow most winters and plenty of rain across the year.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in professional and business services, and in shops. Some of the largest workplaces in Florence are Boone County Schools, St. Elizabeth Florence, and AS - Automotive Steering. Unemployment is low and has barely moved over the past year, and across Boone County there are more jobs than a year earlier. Commutes are of a middling length, and some residents work from home.
Things to do. The Florence Y'all Water Tower, a well-known landmark, stands in or beside town. A short drive away are Paycor Stadium, a football stadium, and the Creation Museum. A longer drive brings you to the Cincinnati Zoo and Botanical Garden.
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- 13,926households
- 26%of adults have a degree
- 10%below the poverty line
- 23 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Boone County had 105,521 jobs in 2025, 2.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 23°; warmest in July, with highs near 86° and lows near 66°. About 23 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cincinnati Northern Ky Airport weather station, 4 miles away (NOAA).
Largest workplaces in Florence
- Boone County SchoolsSchool district2,935FTE
- St. Elizabeth FlorenceGeneral hospital784FTE
- AS - Automotive SteeringAutomotive, truck and bus steering assemblies and parts manufacturing605
- Regal Beloit AmericaGeneral warehousing and storage406
- WalmartWarehouse clubs and supercenters383
- Churchill DownsRacetracks351
- Costco WholesaleWholesale grocer291
- SLB - Sweco, A Business Unit of M-I SwacoScreening and sifting machinery for general industrial use manufacturing266
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 41 workplaces with 20 or more staff, 5,246 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- LightningRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Florence’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Boone County and the Cincinnati, OH-KY-IN metro.
Florence home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Florence$287,887
- Kentucky$230,909
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Florence listings, and the typical home goes pending in 11 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Florence33.99%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Florence11
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Florence134
New listings per month
Sellers arriving at the market.
- Florence61
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Florence$275,078
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Florence99.02%
Zip codes with a Florence address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Florence — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.