Mortgage payment estimates, closing cost breakdowns, and homebuying data for Florence, Kentucky.
Pre-filled with Florence median home price and Kentucky tax/insurance rates. Adjust for your property.
Estimated closing costs based on Kentucky rates and fees applied to Florence prices.
The median home price in Florence is $255,000, 21% above the Kentucky state median of $210,000. With a population of 32,830, Florence is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $255,000 home in Florence would carry roughly $176/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Florence is $1,150/month. The price-to-rent ratio in Florence is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Florence presents moderate affordability. The $255K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.