Florence, SC

Florence, South Carolina is a city of about 50,000 people located in the foothills of the Blue Ridge Mountains. The city is known for its beautiful architecture and historical sites, including the Uffizi Gallery and the Piazza della Signoria. Florence is also home to several major real estate companies, which have been active in the area for over 100 years.

The real estate market in Florence has seen a steady increase in prices over the past few years. In 2016, median home prices reached $269,000 according to Zillow. This represents an increase of about 10% from 2015 levels. The city's population growth has also played a role in driving up prices; as more people move into Florence, they demand more housing options and higher priced homes.

One of the main reasons that Florentine homes are so expensive is that there are very few available for purchase or rent. According to Zillow's 2017 Home Price Index report, only 2% of all housing units are available for sale or rent in Florence. This scarcity has led to high demand and high prices across all segments of the market; single family homes (1-4 bedrooms), condos/townhomes (1-4 bedrooms), and apartments (1-4 bedrooms).

Despite these high prices, there are still some affordable options available if you're looking to buy or rent a home in Florence. For example, single family homes that are less than 1 acre can be purchased for under $100K on average; while apartments that range from 1-4 bedrooms can be rented for around $600/month on average.