Rental market snapshot for Florence, Mississippi

Florence, Mississippi Rental Property Market Overview

Florence, Mississippi is a small town located in Rankin County with a population of 4,623 as of 2021, according to the US Census. It is a rural community with a rich history and a strong sense of community. Florence is home to a variety of businesses, including restaurants, shops, and other services. The town also offers a variety of recreational activities, including parks, golf courses, and other outdoor activities. Florence is a great place to live and work, and its residents are proud of their town and its history.

The average rent for an apartment in Florence is $1,571. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Florence Mississippi | Cost of Living

  • The most expensive ZIP code in Florence is 39073 with an average price of $1,755.
  • The cheapest ZIP code in Florence is 39073 with an average price of $1,755.

Florence ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
139073$1,755

Live near Florence, Mississippi's Top Sights and Attractions

Hemphill Park is a picturesque park located on the banks of the Tennessee River. It features a variety of outdoor activities, including a walking trail, fishing pier, playground, and picnic area. The park also has a large pavilion with a stage for outdoor concerts and events. The park is a popular spot for locals and visitors alike, offering stunning views of the river and a peaceful atmosphere.

Florence Parks & Recreation is a family-friendly outdoor recreation area located in the heart of Mississippi. It features a variety of activities, including walking trails, playgrounds, picnic areas, and a lake with a beach. There are also several sports fields, including baseball, softball, and soccer, as well as a disc golf course. The park also offers a variety of special events throughout the year, such as movie nights, concerts, and festivals.

Florence, Mississippi area median rent change by ZIP code map

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How does Florence compare to other cities in Mississippi?

citymedian price
Hernando$1,975
Southaven$1,890
Ocean Springs$1,800
Brandon$1,750
Long Beach$1,750
Clinton$1,575
Richland$1,450
Vicksburg$733

Average household income in Florence area graph - US Census

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The median household income in Florence in 2021 was $84,186. This represents a 64.9% change from 2011 when the median was $51,055.

#categorypercent
0Less than $10,0002.7%
1$10,000 to $14,9997.9%
2$15,000 to $19,9992.4%
3$20,000 to $24,9992.8%
4$25,000 to $29,9990.0%
5$30,000 to $34,9994.6%
6$35,000 to $39,9993.4%
7$40,000 to $44,9993.8%
8$45,000 to $49,9991.7%
9$50,000 to $59,9995.0%
10$60,000 to $74,99918.8%
11$75,000 to $99,99917.9%
12$100,000 to $124,9997.5%
13$125,000 to $149,99915.0%
14$150,000 to $199,9993.2%
15$200,000 or more3.4%

Neighborhoods in Florence

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Florence is $1,571.
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