Affordable & Income-Based Housing in Florence

Affordability in Florence, AL

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Florence is $820 and the median household income is $52,174 annually. Nearly half of Florence residents rent their homes, with 48% of households being renters.

Florence has 16 HUD-assisted or income-restricted properties totaling 1,299 units, offering income-qualified renters alternatives well below typical market-rate costs.

Safety

According to FBI Crime Data Explorer, the Florence Police Department reported a violent crime rate of 636 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and jurisdiction boundaries.

Of the 16 HUD-assisted properties in Florence tracked by Lease Lantern, none are located in a FEMA-designated high-risk flood zone.

Getting Around Florence

According to Walk Score, the areas around Florence's assisted properties average a Walk Score of 29 (Car-Dependent) and a Bike Score of 31. No Transit Score is available for this area. Most errands and commutes will likely require a car.

Schools

Florence is served by 15 public schools across 2 districts, including 8 elementary, 1 middle, and 6 high schools, according to NCES Common Core of Data. Quality and offerings vary by school and district, so renters should check the assigned schools for their specific address.

Cost of Living in Florence, AL

The median household income in Florence is $52,174 per year, according to Census ACS 5-Year data. The median gross rent is $820 per month, according to the same source.

Affordable and income-based housing in Florence can help renters keep housing costs within reach. HUD-assisted and income-restricted rents are generally set as a percentage of a household's income or tied to area median income limits, rather than the open market rate.

• Median household income: $52,174/year (Census ACS 5-Year)
• Median gross rent: $820/month (Census ACS 5-Year)
• Renter households: 48% of occupied housing units (Census ACS 5-Year)

Flood and Environmental Exposure

All 16 HUD-assisted properties in Florence were mapped for flood risk. None are located in a high-risk flood zone, which is a low level of flood exposure across the city's affordable housing stock.