Florence, SC

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Florence short-term rental market based on reliable data.

Listings

106 / 237

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$21,342

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$223,270

Median Home Sale Price

Top Earners

$39,607

Top-Earners Revenue

Florence

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Florence.

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C

Challenging to Investors

Florence Regulations

Owner-residency requirement (legal voting and driver’s license address) bars non-owner-occupied investment STRs, and the two-bedroom cap and strict zoning limit viable properties; parking constraints and registry/inspection mandates add compliance complexity.

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About Florence

Florence is a city in northeastern South Carolina and the seat of Florence County, situated in the state's Pee Dee region along the busy Interstate 95 corridor. With a population of roughly 40,000, it functions as the principal commercial, medical, and retail hub for a wide swath of rural northeastern South Carolina and portions of the North Carolina border region. Travelers know it largely as a convenient overnight stop on I-95 between the Northeast and Florida, but the city also draws visitors with its own small downtown, a handful of museums, and easy access to the Grand Strand beaches. The nearest major city is Charlotte, North Carolina, about 90 miles to the north-northwest, while Columbia, the state capital, lies roughly 90 miles to the southwest.

A short walk through the city's downtown reveals a compact grid of locally owned restaurants, antique shops, and the historic Florence Railroad Depot, a reminder of the rail era that once defined the Pee Dee economy. The depot and the surrounding blocks give the city a recognizable Southern small-town character that contrasts with the highway traffic just minutes away.

For culture, the Florence Museum showcases regional art, natural history, and artifacts tied to the Pee Dee area, including a collection of works by South Carolina artists. It is a manageable stop for an afternoon and gives visitors a sense of the local heritage that shaped the region.

Outdoor visitors appreciate the proximity to Pee Dee State Park, located a few miles east of the city, where lakes, cypress stands, and shaded campgrounds offer a quiet counterpoint to the surrounding agricultural landscape. The park's trails and water activities make it a natural day trip for guests who want to experience the area's natural setting without venturing far.

Perhaps the city's biggest draw, however, is its position as a gateway to the South Carolina coast. Myrtle Beach and the broader Grand Strand lie roughly 65 miles to the southeast, putting Florence within an easy drive of the Atlantic beaches and surrounding coastal attractions, while still offering a calmer, more affordable base than staying directly on the shore.

Overall, Florence offers short-term rental owners a flexible market: a steady stream of road-trippers passing through the I-95 corridor, a regional medical and retail catchment that brings in visitors year-round, and a convenient launching point for both the Grand Strand beaches and the quieter inland scenery of the Pee Dee. The combination of highway access, regional services, and proximity to the coast gives the city a year-round draw that few similarly sized markets in the Carolinas can match.

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