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 2021 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 depicts it has a Housing Units of 326 which is the second smallest as measured 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 191.9 which is the second smallest when sorted by 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 563.4 (approximately 2.9 times bigger). Comparing housing density to the United States average of 39.2, Florence CDP is approximately 4.9 times bigger. Also, compared with the state of Wisconsin, housing density of 50.1, Florence CDP is approximately 3.8 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 Housing Unit Change of -2.4% which is less than most other places in the metro area. The place with the highest change in the housing units in the area is Alpha which shows a housing units of 19.7% ( considerably bigger). Comparing change in the housing units to the United States average of 6.5%, Florence CDP is about the same size. Also, benchmarked against the state of Wisconsin, change in the housing units of 3.2%, Florence CDP is about the same size.

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 40.6% which is is the uppermost of the places in the greater Florence CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 59.4% which is the smallest in order of owner percent of all the other places in the greater region.

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 Value of $56,400 which is the second smallest when ranked by median home price of all the other places in the metro area. The place with the highest median home price in the area is Quinnesec CDP which indicates a home price of $103,100 (about twice as large). 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 Median Gross Rent of $277 which is the second smallest when sorted by rental rates of all the other places in the surrounding region. The place with the highest rental rates in the area is Niagara which depicts a rental rates of $784 (approximately 2.8 times bigger). Comparing rental rates to the United States average of $1,096, Florence CDP is approximately a quarter the size. Also, in contrast to the state of Wisconsin, rental rates of $872, 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 largest proportion of home price worth less than $50,000 at 49% of the total and is ranked #1. Second, it has the second smallest in order of home price worth less than $50,000 of all the other places in the area when ranked by home price worth between $50,000 to $100,000 at 6% of the total.

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 shows it has a Median Owner Cost of $394 which is the smallest in terms of median ownership cost of all the other places in the metro area. 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 Owner Cost as % of HH Income of 16% which is the second most cost as a percent of household income of all the places in the greater Florence CDP 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 Percent of Median Earnings of 98% 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 local 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 depicts it has a Median Owner Costs-With Mortgage of $555 which is the smallest when ranked by 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 Owner Costs-Without Mortgage of $283 which is the smallest as measured by 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 percentage of owner cost less than $300 less than most other places in the local area at 25% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 29% of the total and is ranked #3. Only #2 Kingsford (30%), and #1 Alpha (31%) are larger. Third, it has the smallest proportion of owner cost between $500 and $700 at 3% of the total.

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 shows it has a % of Income Owner Costs-With Mortgage of 16% which is the second smallest when sorted 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 depicts a cost as a percent of household income of 40% (approximately 2.6 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 shows it has a % of Income Owner Costs-No Mortgage of 16% which is the largest of all places in the greater Florence CDP region.

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 33% of the total and is ranked #1. Second, it has in the mid point range of other places in the local area when sorted by rent as a percent of income is between 30pct to 40pct at 6% of the total. Third, it has less than most other places in the local area in order of rent as a percent of income is between 40pct to 50pct at 7% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Florence CDP has the smallest proportion of housing cost between $500 and $700 at 5% 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 $530 which is the smallest in order of median real estate taxes paid of all the other places in the surrounding region. The place with the highest median real estate taxes paid in the area is Iron Mountain which depicts a taxes paid of $1,941 (approximately 3.7 times bigger). Comparing median real estate taxes paid to the United States average of $2,551, Florence CDP is approximately a fifth the size. Also, in comparison with the state of Wisconsin, median real estate taxes paid of $3,370, Florence CDP is approximately a sixth 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 largest proportion of pay extra for utilities at 47% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Florence CDP Wisconsin has the smallest proportion of rent between 300 and 500 dollars at 4% of the total. Second, it has the second smallest when ranked by rent less than 300 dollars of all the other places in the metropolitan area as measured by rent between 500 and 750 dollars at 7% 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 largest proportion of With HELOC no Primary 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 largest proportion of houses with mortgages at 69% of the total and is ranked #1.

Florence CDP Wisconsin Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.2 which is the smallest when sorted by family members per housing unit of all the 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 3.3 (50.1% larger). Comparing family members per housing unit to the United States average of 3.3, Florence CDP is approximately three-fourths the size. Also, in contrast to the state of Wisconsin, family members per housing unit of 3.1, Florence CDP is approximately three-fourths the size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.5 which is the smallest when ranked by 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 shows an average number of rooms in a house of 5.9 (31.1% 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 Median Year Built of 1951 which is less than most other places in the local area. The place with the highest year built in the area is Quinnesec CDP which shows a year built of 1974 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 1980 to 1989 the second smallest when ranked by homes built in 2014 or later of all the other places in the metropolitan area at 10% of the total. Second, it has the second smallest in order of homes built in 2014 or later of all the other places in the metro area in order of homes built between 1950 to 1959 at 4% of the total. Third, it has one of the largest proportions of homes built between 1940 to 1949 at 44% of the total and is ranked #3. Only #2 Crystal Falls (48%), and #1 Alpha (64%) are larger.

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 less than most other places in the greater region at 97 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 17% of the total and is ranked #1. Second, it has the largest proportion of 10 to 19 units at 9% of the total and is ranked #1. Third, it has the largest proportion of 50 or more units at 7% 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. has the percentage of value of homes built 1940 to 1949 less than most other places in the surrounding region at $59,100 of the total.

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. it has one of the largest proportions of occupied housing units at 27% of the total and is ranked #2. The only larger place being Alpha with 32%.

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 Owner-Household Size of 1.9 which is the smallest when ranked by homeowner household size of all the other places in the local area. The place with the highest homeowner household size in the area is Crystal Falls which depicts a homeowner household size of 2.4 (31.9% larger).

Figure 37 shows the household size for renters. Florence CDP depicts it has a Renter-Household Size of 1.2 which is the second smallest when sorted by renter household size of all the other places in the metropolitan area. The place with the highest renter household size in the area is Niagara which shows a renter household sizes of 2.1 (74.6% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 27% of the total and is ranked #2. The only larger place being Quinnesec CDP with 30%. Second, it has one of the largest proportions of owners moved in 2015 to 2018 at 24% of the total and is ranked #3. Only #2 Kingsford (28%), and #1 Crystal Falls (35%) are larger. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 4% of the total. Also, it has one of the largest proportions of owners moved in 2000 to 2009 at 24% of the total and is ranked #2. The only larger place being Alpha with 34%. Figure 39 shows the year that people who rent moved into the area. Florence CDP has the percentage of renters moved in 2019 or later less than most other places in the greater region at 40% of the total. Second, it has less than most other places in the metro area in terms of renters moved in 2015 to 2018 at 25% of the total. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 29% of the total and is ranked #2. The only larger place being Quinnesec CDP with 54%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is the third most median year that a home owner moved in of all other places in the greater Florence CDP region. Figure 41 compares the median year that renters moved into their home. Florence CDP depicts it has a Renter Median Year Moved In of 2013 which is less than most other places in the area.

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 depicts it has a Total In Group Quarters of 52 which is the third most of all other places in the area.

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 under 18 years of age and in group quarters at 100% of the total and is ranked #1.