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 $96,248, lower than the Illinois average of $242,002.
The average cost of rent is $892/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 50.66% of residents own their homes outright in Independence, 9.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $4,302 per month. Households that rent pay about 20.73% of their income on rent here. Independence's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Martinsburg, IL: equally priced homes
- Time, IL: equally priced homes
- Pittsfield, IL: higher priced homes
- Summer Hill, IL: less expensive homes
- New Hartford, IL: higher priced homes
- Nebo, IL: less expensive homes
- Milton, IL: equally priced homes
- Detroit, IL: higher priced homes
- Pleasant Hill, IL: less expensive homes
- Pearl, IL: equally priced homes
Cities with Similar Populations
- Woodland Park, MI: equally priced homes
- Hangman Crossing, IN: higher priced homes
- Harborton, VA: higher priced homes
- Woodruff, ID: higher priced homes
- Harmon, TX: higher priced homes
- Hartland, CA: higher priced homes
- Woodlawn, MO: less expensive homes
- Woodland, TN: higher priced homes
- Harveysburg, IN: equally priced homes
- Hammett, GA: higher priced homes
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