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These days, finding an affordable place to live in the Independence area can be challenging. Home prices in Independence are now at a median cost of $187,867, lower than the Iowa average of $226,062.
The average cost of rent is $884/mo in Independence, primarily driven by the current value of real estate in the Independence area. In Independence, 23.84% of households rent, and 45.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $6,505 per month. Households that rent pay about 13.59% of their income on rent here. Independence’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otterville, IA: higher priced homes
- Rowley, IA: equally priced homes
- Winthrop, IA: less expensive homes
- Jesup, IA: equally priced homes
- Quasqueton, IA: higher priced homes
- Hazleton, IA: less expensive homes
- Shady Grove, IA: higher priced homes
- Littleton, IA: higher priced homes
- Brandon, IA: equally priced homes
- Aurora, IA: less expensive homes
Cities with Similar Populations
- Friday Harbor, WA: higher priced homes
- Four Corners, MD: higher priced homes
- Fowler, CA: higher priced homes
- Fox Point, WI: higher priced homes
- West Miami, FL: higher priced homes
- Frankford, DE: higher priced homes
- Franklin, NH: higher priced homes
- Fredericktown, MO: less expensive homes
- Fredericktown, OH: higher priced homes
- West Nyack, NY: higher priced homes
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