Florence CDP Wisconsin Area Home Supply Charts

This page looks at a variety of Florence CDP Wisconsin housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Florence CDP shows it has a housing units of 370 which is the second smallest when ranked by housing units of all the other places in the metro area.

Figure 2 illustrates the housing density in the Florence CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Florence CDP depicts it has a housing density of 217.8 which is the second smallest in order of housing density of all the other places in the local area. The place with the highest housing density in the area is Kingsford which depicts a density of 581.9 (approximately 2.7 times bigger). Comparing housing density to the United States average of 38.6, Florence CDP is appreciably bigger. Also, benchmarked against the state of Wisconsin, housing density of 49.6, Florence CDP is approximately 4.4 times bigger.

In Figure 4, Florence CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Florence CDP shows it has a change in the housing units of 10.8% which is the most of all places in the greater Florence CDP region. Comparing change in the housing units to the United States average of 4.9%, Florence CDP is approximately 2.2 times bigger. Also, compared to the state of Wisconsin, change in the housing units of 2.2%, Florence CDP is approximately 5.0 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Florence CDP shows it has a renter percent of 59.6% which is the most of all places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 40.4% which is the smallest as measured by owner percent of all the other places in the metro area.

Florence CDP Wisconsin Home Cost Charts

Looking at the housing data provided in Figure 7, the average Florence CDP home price is illustrated for this community and a useful analysis of affordable housing. Florence CDP depicts it has a median home price of $80,300 which is the third most median home prices of all other places in the greater Florence CDP region. The place with the highest median home price in the area is Kingsford which depicts a home price of $96,400 (20.0% larger). Figure 8 provides aggregate comparative data for the Florence CDP Wisconsin metro area in terms of the median housing rental rate, apartment rent, etc. Florence CDP depicts it has a rental rates of $323 which is the smallest as measured by rental rates of all the other places in the metropolitan area. The place with the highest rental rates in the area is Quinnesec CDP which depicts a rental rates of $715 (approximately 2.2 times bigger). Comparing rental rates to the United States average of $1,023, Florence CDP is approximately a third the size. Also, compared to the state of Wisconsin, rental rates of $837, Florence CDP is approximately a third the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Florence CDP has the percentage of home price worth less than $50,000 less than most other places in the greater region at 21% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 62% of the total and is ranked #1. Third, it has the second smallest when sorted by home price worth less than $50,000 of all the other places in the metro area in terms of home price worth between $100,000 to $200,000 at 6% of the total. Also, it has the largest proportion of home price worth between $200,000 to $300,000 at 11% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Florence CDP depicts it has a median ownership cost of $447 which is the second smallest in terms of median ownership cost of all the other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Florence CDP metro area. it has a cost as a percent of household income of 11% which is the second smallest when sorted by cost as a percent of household income of all the other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Florence CDP depicts it has a median home value as a percent of median worker earnings of 141% which is the second smallest as measured by median home value as a percent of median worker earnings of all the other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Florence CDP shows it has a median housing cost of $536 which is the smallest in order of median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $313 which is the smallest in terms of median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Florence CDP has the largest proportion of owner cost less than $300 at 32% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $300 and $500 at 19% of the total. Third, it has the largest proportion of owner cost between $500 and $700 at 30% of the total and is ranked #1. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 4% of the total. In addition, it has the largest proportion of owner cost between $1,500 and $2,000 at 7% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Florence CDP depicts it has a cost as a percent of household income of 11% which is the smallest in order of cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is Alpha which shows a cost as a percent of household income of 41% (approximately 3.7 times bigger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Florence CDP depicts it has a cost as a percent of household income of 10% which is the second smallest as measured by cost as a percent of household income of all the other places in the local area. The place with the highest cost as a percent of household income in the area is Alpha which shows a cost as a percent of household income of 18% (77.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Florence CDP has the largest proportion of rent as a percent of income is less than 10 pct at 14% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by rent as a percent of income is between 40pct to 50pct at 4% of the total. Third, it has one of the largest proportions of rent as a percent of income is over 50pct at 16% of the total and is ranked #3. Only #2 Iron Mountain (18%), and #1 Kingsford (36%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Florence CDP has the largest proportion of housing cost less than $300 at 40% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $700 and $1,000 at 1% of the total. Third, it has the smallest proportion of housing cost between $1,000 and $1,500 at 2% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $933 which is the second smallest when ranked by median real estate taxes paid of all the other places in the metro area. The place with the highest median real estate taxes paid in the area is Kingsford which depicts a taxes paid of $1,863 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,375, Florence CDP is approximately half the size. Also, measured against the state of Wisconsin, median real estate taxes paid of $3,308, Florence CDP is approximately a third the size.

Figure 22 shows the percentage of renters who pay for utilities in Florence CDP Wisconsin. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Florence CDP has the smallest proportion of pay extra for utilities at 44% of the total. Second, it has the largest proportion of utilities included in rent at 56% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Florence CDP Wisconsin has one of the largest proportions of rent less than 300 dollars at 45% of the total and is ranked #2. The only larger place being Alpha with 50%. Second, it has less than most other places in the surrounding region when ranked by rent between 500 and 750 dollars at 26% of the total.

Florence CDP Wisconsin Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Florence CDP has the smallest proportion of with mortgage at 31% of the total. Second, it has the smallest proportion of no 2nd mortgage and no heloc at 31% of the total. Third, it has the largest proportion of no mortgage at 69% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Florence CDP has the smallest proportion of houses with mortgages at 31% of the total. Second, it has the largest proportion of houses without mortgages at 69% of the total and is ranked #1.

Florence CDP Wisconsin Home Characteristics Charts

The next section of charts provide a wide range of metrics related to the housing market physical characteristics which can be useful for a real estate investor. Figure 27 looks at the number of people living in a typical house in the real estate market starting with the average household size (families and non families). Florence CDP has the smallest proportion of housing density at 1.7 of the total. Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 2.7 which is less than most other places in the local area. The place with the highest family members per housing unit in the area is Alpha which depicts a family members per housing unit of 5.1 (about twice as large). Comparing family members per housing unit to the United States average of 3.3, Florence CDP is about 23.5% smaller. Also, compared to the state of Wisconsin, family members per housing unit of 3.1, Florence CDP is about 13.3% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 4.4 which is the smallest in order of average number of rooms in a house of all the other places in the local area. The place with the highest average number of rooms in a house in the area is Niagara which depicts an average number of rooms in a house of 6.0 (36.4% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1964 which is the third most year built of all other places in the greater Florence CDP region. The place with the highest year built in the area is Quinnesec CDP which depicts a year built of 1973 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 4% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1990 to 1999 at 8% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest in terms of owner-occupied housing units of all the other places in the area at 108 of the total. Second, it has one of the largest proportions of renter housing units at 159 of the total and is ranked #3. Only #2 Kingsford (811), and #1 Iron Mountain (916) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit detached at 68% of the total. Second, it has the largest proportion of 3 or 4 units at 10% of the total and is ranked #1. Third, it has the largest proportion of 10 to 19 units at 5% of the total and is ranked #1. Also, it has the largest proportion of 20 to 49 units at 6% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1970 to 1979 at $135,400 of the total and is ranked #2. The only larger place being Kingsford with $156,600. Second, it has one of the largest proportions of value of homes built 1939 or earlier at $78,800 of the total and is ranked #2. The only larger place being Quinnesec CDP with $91,700.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units the second smallest as measured by occupied housing units of all the other places in the local area at 72% of the total. Second, it has one of the largest proportions of vacant housing units at 28% of the total and is ranked #2. The only larger place being Alpha with 36%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Florence CDP residents. it has a homeowner household size of 2.0 which is the second smallest in terms of homeowner household size of all the other places in the local area. The place with the highest homeowner household size in the area is Iron Mountain which depicts a homeowner household size of 2.6 (26.6% larger).

Figure 37 shows the household size for renters. Florence CDP indicates it has a renter household size of 1.4 which is the second smallest when sorted by renter household size of all the other places in the local area. The place with the highest renter household size in the area is Crystal Falls which shows a renter household sizes of 2.0 (43.0% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2010 to 2014 at 9% of the total. Second, it has one of the largest proportions of owners moved in 1990 to 1999 at 33% of the total and is ranked #2. The only larger place being Alpha with 45%. Figure 39 shows the year that people who rent moved into the area. Florence CDP has the percentage of renters moved in 2017 or later the second smallest as measured by renters moved in 2017 or later of all the other places in the area at 8% of the total. Second, it has less than most other places in the metropolitan area when sorted by renters moved in 2015 to 2016 at 5% of the total. Third, it has the smallest proportion of renters moved in 2010 to 2014 at 31% of the total. Also, it has the largest proportion of renters moved in 2000 to 2009 at 50% of the total and is ranked #1. In addition, it has the largest proportion of renters moved in 1989 or earlier at 5% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 1998 which is less than most other places in the local area. Figure 41 compares the median year that renters moved into their home. Florence CDP shows it has a median year that a renter moved in of 2011 which is the smallest as measured by median year that a renter moved in of all the other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using electricity at 22% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Florence CDP housing department, Wisconsin department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Florence CDP shows it has a total people living in group quarters of 56 which is the third most number of people in group quarters of all other places in the greater Florence CDP region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Florence CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Florence CDP has the largest proportion of number of people 18 years of age and older living in group quarters at 100% of the total and is ranked #1.