Florence, Boone County, KY

Median Home Price Price

$280,188 $280.2K

Median Monthly Rent Rent

$1,581 $1.6K

15.0x

Market Snapshot

Florence, Boone County, KY is a city market with a median home price of $280,188, a median monthly rent of $1,581, a GRM of 15.0x, and a price-to-rent ratio of 14.8.

More markets to explore

01 Burlington, Boone County, KY
Top recommendation Nearby alternative Similar GRM Premium price Higher rent Rent momentum
High confidence
Price $315.8K
Rent $1.7K
GRM 15.0x
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Burlington
$316K $1.7K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Bowling Green, Warren County, KY
$279K $1.2K 19.0x
Independence, Kenton County, KY Explore deeper
$312K $1.5K 17.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Millersburg, Linn County, OR
$596K $1.5K 33.0x
Halsey, Linn County, OR
$390K $2.2K 15.0x
Massena, Saint Lawrence County, NY
$114K $890 11.0x

Home prices

Monthly rent

GRM = home price / annual rent

Florence

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Benchmark comparison

Rent in Florence, KY is 8.2% lower than Burlington, KY.

Compare to Burlington, KY
Florence, KY
Burlington, KY
Delta
Median rent
$1,581
$1,722
+$141
Median price
$280,188
$315,844
+$35,656
YoY change
+$73
+$90
+$17
Price-to-rent
14.8x
15.3x
+0.5x

Key takeaways

  • Florence, Boone County, KY has a middle-grm screening profile: At 15.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $73 year over year.
  • Rent in Florence, KY is 8.2% lower than Burlington, KY.