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 $134,857, lower than the Indiana average of $175,617.
The average cost of rent is $679/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 42.46% of residents own their homes outright in Independence, 7.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $5,136 per month. Households that rent pay about 13.23% of their income on rent here. Independence's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Riverside, IN: equally priced homes
- Roberts, IN: equally priced homes
- Winthrop, IN: equally priced homes
- Fountain, IN: higher priced homes
- Attica, IN: less expensive homes
- Westpoint, IN: higher priced homes
- Kramer, IN: less expensive homes
- Pine Village, IN: higher priced homes
- Odell, IN: higher priced homes
- Otterbein, IN: higher priced homes
Cities with Similar Populations
- Lower Stanley, ID: higher priced homes
- Lobatos, CO: less expensive homes
- Widen, WV: less expensive homes
- Lombardy, MS: less expensive homes
- Long Valley Junction, UT: higher priced homes
- Whiteville, OH: higher priced homes
- Los Hueros, NM: less expensive homes
- Whiteland, TX: less expensive homes
- Whitefield, IL: equally priced homes
- Lottie, AL: less expensive homes
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