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Florence city, SC

ZIP 29506 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29506

Median Home Value
$114,400
Median Rent
$626
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$735/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 29506 in Florence city, SC, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $735. That sits below the local median household income ($38,441), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
52.5%-20% vs US avg
x
Vacancy Rate
18.5%+79% vs US avg
x
Broadband Access
74.7%-14% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
27.1%-46% vs US avg
x
Mortgage-Free
53.9%+41% vs US avg
x
$114,400
Home Value
$626
Rent
1980
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.3%
  • 1-unit attached1.1%
  • 2-9 units12.0%
  • 10+ units4.2%
  • Mobile home & other27.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,400
Median rent$626
Owner-occupied52.5%
Vacant18.5%
Price-to-income3.0x
Est. income to buy$31,000