ZIP Code 29501 — Florence, SC Home Prices (2026)
The typical home in ZIP 29501 (Florence, South Carolina) is worth about $242,000 at roughly $153 per square foot — 3% more expensive than the Florence median and 18% more affordable than the typical U.S. home.
How 29501 compares
ZIP 29501 is one of the pricier ZIP codes in Florence: its typical home value of $242,000 ranks #1 of the 3 Florence ZIP codes we track (the citywide range runs from $149,000 in 29506 to $242,000 in 29501). Per square foot it costs about $153, against $148 for Florence as a whole, $177 for South Carolina, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 29501 | $242,000 | $153 |
| Florence, SC | $236,000 | $148 |
| South Carolina | $237,000 | $177 |
| United States | $294,000 | $195 |
Home value by size in 29501
Using this ZIP’s rate of about $153 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $153,000 |
| 1,500 sq ft | $229,500 |
| 2,000 sq ft | $306,000 |
| 2,500 sq ft | $382,500 |
| 3,000 sq ft | $459,000 |
Salary needed to buy a home in ZIP 29501
To buy the typical $242,000 home in ZIP 29501 with 20% down, you need a household income of roughly $66,000 a year (about $1,540 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $78,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $12,100 | $1,910/mo | $82,000/yr |
| 10% (+PMI) | $24,200 | $1,830/mo | $78,000/yr |
| 20% | $48,400 | $1,540/mo | $66,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 29501
At about $153 per square foot, here is roughly how much home different budgets get you in ZIP 29501:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 980 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1310 sq ft | around the typical home here |
| $250k | 1630 sq ft | around the typical home here |
| $300k | 1960 sq ft | around the typical home here |
| $400k | 2610 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 29501 home.
Estimate a specific home in 29501
The estimator below is pre-set to ZIP 29501 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Florence ZIP codes by home value
Where 29501 sits among Florence’s 3 ZIP codes:
ZIP 29501 home prices: frequently asked
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See the full Florence home values page, all South Carolina cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.