Market Overview
Home Prices in Florence Township, NJ
The median home value in Florence Township, NJ is $547,266 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Florence Township are priced33% above average. Florence Township is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Florence Township home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Florence Township Home Price Trend
City Comparison
Florence Township vs. National Median
At $547,266, homes in Florence Township cost 33% above the national median of $410,000. Buyers in Florence Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Florence Township?
20% Down Payment
$109,453
on $547,266
Monthly P&I
$2,854/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,625/mo
incl. taxes & insurance
Income Needed
$145,000
gross annual (30% rule)
10% Down Option
$54,727
+ PMI applies
Loan Amount (20% dn)
$437,813
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Florence Township, NJ?
The median home value in Florence Township is $547,266 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Florence Township?
Over the past year, home values in Florence Township have increased by 2.4%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Florence Township?
To comfortably afford the median home price of $547,266 with a 20% down payment ($109,453) at today's rates (6.8%), you'd need a gross annual income of approximately $145,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Florence Township compare to the national average home price?
The national median home value is approximately $410,000. At $547,266, homes in Florence Township are 33% above the national average.
What metro area is Florence Township part of?
Florence Township is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.