Compare Florence, SC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Florence.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Florence. Plus, shopping lenders is free and there is no obligation.
August 10, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Florence. Understand how much you need to earn to afford a home in Florence, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Florence fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Florence is right for you.
The median home value for Florence, SC is $168,371
Based on current mortgage rates and a 10% down payment, you need to make $35,125 per year to buy the median priced home in Florence
With this income, you could qualify for a $151,534 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Florence is $813
The median household income for Florence, SC is $52,617
Based on this income, you can afford a home valued at approximately $252,220
The home price you can afford to buy based on household income in Florence is 150% of the median home value which means housing prices are average. Florence ranks 27 out of 46 counties in South Carolina and 1,893 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Florence, SC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Florence below.
Conforming loan limits for Florence, SC
FHA loan limits for Florence, SC