Home Price Key
Affordable
Average
Expensive
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 $153,102, lower than the Iowa average of $182,666.
The average cost of rent is $757/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 42.53% of residents own their homes outright in Independence, 23.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $5,860 per month. Households that rent pay about 12.92% of their income on rent here. Independence's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Otterville, IA: higher priced homes
- Rowley, IA: equally priced homes
- Winthrop, IA: less expensive homes
- Jesup, IA: equally priced homes
- Quasqueton, IA: equally 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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