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Florence, South Carolina: commercial real estate data.
Florence is a Census city of 40,408 people across 24.82 square miles of land, in Florence County. Median household income is $56,143, 58.4 percent of occupied homes are owned, and the SBA record carries 55 7(a) approvals to borrowers here worth $49.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Florence
What Florence is
- Census place typecity
- Land area24.82 sq mi
- Water area0.11 sq mi
- Population per square mile of land1,628
- County holding the largest share of its areaFlorence County, 99.7 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
- Population40,408
- Median age37.8
- Population under 1810,042
- Share under 1824.9 percent
- Population 65 and over7,201
- Share 65 and over17.8 percent
- Households16,413
- Family households10,138
- Share of households that are families61.8 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$56,143
- Per capita income$34,306
- Civilian labor force19,174
- Employed18,135
- Unemployed1,039 plus or minus 255
- Unemployment rate5.4 percent plus or minus 1.3
- Adults 25 and over27,348
- Adults 25 and over with a high school diploma or higher88.3 percent
- Adults 25 and over with a bachelor degree or higher30.4 percent
- Adults 25 and over with a graduate degree13.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
Housing in Florence
- Housing units19,110
- Occupied units16,413
- Vacant units2,697
- Vacancy rate14.1 percent
- Owner occupied9,593
- Renter occupied6,820
- Ownership rate58.4 percent
- Median owner-occupied home value$211,400
- Median gross rent, monthly$992
- Annual rent as a share of median income21.2 percent
- Single family units13,395
- Share single family70.1 percent
- Units in buildings of two or more5,394
- Share in buildings of two or more28.2 percent
- Mobile homes312 plus or minus 157
- Median year structure built1983
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 commute16,080
- Commuting under 15 minutes6,132
- Share commuting under 15 minutes38.1 percent
- Commuting 30 minutes or more2,681 plus or minus 564
- Share commuting 30 minutes or more16.7 percent plus or minus 3.4
- Drove alone76.3 percent
- Carpooled10.2 percent plus or minus 2.9
- Public transport0.9 percent plus or minus 0.8
- Walked0.7 percent plus or minus 0.6
- Worked from home11.0 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Florence
SBA loans in Florence (7(a))
- Approvals55
- Gross approval$49,429,700
- Average approval$898,722
- Median approval$427,600
- Ninetieth percentile approval$2,044,800
- Largest approval$5,000,000
- Jobs supported466
- Jobs per approval8.5
- Loans with a final outcome11
- Paid in full10
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more29.1 percent
- Share to franchises25.5 percent
- Distinct lenders26
- Distinct industries by NAICS39
Counted by borrower city: approvals to borrowers whose address is in Florence, in any county, FY2020 to FY2026. Only 11 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)
- Approvals17
- Gross approval$8,817,000
- Average approval$518,647
- Median approval$532,000
- Largest approval$1,112,000
- Jobs supported255
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs3
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 number450078
- Participating in the NFIPYes
- Community Rating System classClass 6
- Currently effective map date03/25/25
The City of Florence participates in the National Flood Insurance Program as community 450078 and carries Community Rating System class 6, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Florence County, not Florence
Florence County context, not Florence figures
- Establishments in Florence County3,282
- Covered employment, Florence County68,848
- Average annual pay, Florence County$52,861
- Housing units permitted, Florence County666
Every figure in this section is published for Florence County as a whole and is not a measurement of Florence.
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, South Carolina?
40,408, in 16,413 households. Florence city covers 24.82 square miles of land, which is 1,628 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?
Florence County, which holds 99.7 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Florence?
$56,143. The median owner-occupied home is valued at $211,400. Median gross rent is $992 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?
55 7(a) approvals totaling $49.4 m since FY2020, across 26 lenders, median approval $427,600, plus 17 504 approvals worth $8.8 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 11 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 450078, carrying Community Rating System class 6, which is a premium discount for exceeding the program minimum. 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 Florence 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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