HomeAlabamaLauderdale CountyFlorence
Florence, Alabama: commercial real estate data.
Florence is a Census city of 41,701 people across 27.08 square miles of land, in Lauderdale County. Median household income is $52,174, 52.1 percent of occupied homes are owned, and the SBA record carries 20 7(a) approvals to borrowers here worth $17.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Florence
What Florence is
- Census place typecity
- Land area27.08 sq mi
- Water area0.21 sq mi
- Population per square mile of land1,540
- County holding the largest share of its areaLauderdale County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
How many people live in Florence
- Population41,701
- Median age35.1
- Population under 187,589
- Share under 1818.2 percent
- Population 65 and over7,294
- Share 65 and over17.5 percent
- Households17,745
- Family households9,514
- Share of households that are families53.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
Income and work in Florence
- Median household income$52,174
- Per capita income$31,735
- Civilian labor force20,573
- Employed19,287
- Unemployed1,286 plus or minus 414
- Unemployment rate6.3 percent plus or minus 2.0
- Adults 25 and over26,594
- Adults 25 and over with a high school diploma or higher91.7 percent
- Adults 25 and over with a bachelor degree or higher34.5 percent
- Adults 25 and over with a graduate degree13.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
Housing in Florence
- Housing units20,139
- Occupied units17,745
- Vacant units2,394
- Vacancy rate11.9 percent
- Owner occupied9,239
- Renter occupied8,506
- Ownership rate52.1 percent
- Median owner-occupied home value$196,300
- Median gross rent, monthly$820
- Annual rent as a share of median income18.9 percent
- Single family units13,258
- Share single family65.8 percent
- Units in buildings of two or more6,725
- Share in buildings of two or more33.4 percent
- Mobile homes156 plus or minus 91
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
How Florence gets to work
- Workers 16 and over who commute17,367
- Commuting under 15 minutes8,452
- Share commuting under 15 minutes48.7 percent
- Commuting 30 minutes or more2,602
- Share commuting 30 minutes or more15.0 percent
- Drove alone77.4 percent
- Carpooled9.9 percent plus or minus 2.3
- Public transport0.0 percent
- Walked2.5 percent plus or minus 0.9
- Worked from home8.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
SBA loans in Florence (7(a))
- Approvals20
- Gross approval$16,951,800
- Average approval$847,590
- Median approval$270,000
- Ninetieth percentile approval$1,593,500
- Largest approval$5,000,000
- Jobs supported478
- Jobs per approval23.9
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more10.0 percent
- Share to franchises20.0 percent
- Distinct lenders14
- Distinct industries by NAICS17
Counted by borrower city: approvals to borrowers whose address is in Florence, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Florence
SBA loans in Florence (504)
- Approvals8
- Gross approval$4,722,000
- Average approval$590,250
- Median approval$631,000
- Largest approval$1,041,000
- Jobs supported125
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Florence, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Florence
Flood risk in Florence
- NFIP communityCity of Florence
- NFIP community number010140
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/11/09
The City of Florence participates in the National Flood Insurance Program as community 010140 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lauderdale County, not Florence
Lauderdale County context, not Florence figures
- Establishments in Lauderdale County2,053
- Covered employment, Lauderdale County30,845
- Average annual pay, Lauderdale County$46,767
- Housing units permitted, Lauderdale County167
Every figure in this section is published for Lauderdale County as a whole and is not a measurement of Florence.
All Lauderdale County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Florence questions, answered from the record.
How many people live in Florence, Alabama?
41,701, in 17,745 households. Florence city covers 27.08 square miles of land, which is 1,540 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Florence in?
Lauderdale County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Florence?
$52,174. The median owner-occupied home is valued at $196,300. Median gross rent is $820 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Florence businesses?
20 7(a) approvals totaling $17.0 m since FY2020, across 14 lenders, median approval $270,000, plus 8 504 approvals worth $4.7 m since FY2010. These count approvals to borrowers whose address is in Florence, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Florence borrowers get paid back?
No rate is published for Florence. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Florence in the National Flood Insurance Program?
Yes. Florence appears in the FEMA Community Status Book as Florence, city of, community 010140, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Florence figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lauderdale County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Florence.
Is zoning published for Florence?
No. Nothing on this page presents parcel level zoning.
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