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 $182,355, higher than the Kentucky average of $164,895.
The average cost of rent is $1,091/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 19.94% of residents own their homes outright in Independence, 21.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $6,830 per month. Households that rent pay about 15.98% of their income on rent here. Independence's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- White Tower, KY: equally priced homes
- Edgewood, KY: higher priced homes
- Elsmere, KY: less expensive homes
- Erlanger, KY: less expensive homes
- Ryland Heights, KY: less expensive homes
- Fort Mitchell, KY: higher priced homes
- Tylor Mill, KY: less expensive homes
- Taylor Mill, KY: equally priced homes
- Crestview Hills, KY: higher priced homes
- Walton, KY: higher priced homes
Cities with Similar Populations
- Ambler, PA: higher priced homes
- Williston, ND: higher priced homes
- Wheat Ridge, CO: higher priced homes
- Westmont, CA: higher priced homes
- Waycross, GA: less expensive homes
- Troy, OH: equally priced homes
- Cottonwood Heights, UT: higher priced homes
- Collegeville, PA: higher priced homes
- Chester, PA: less expensive homes
- Cabot, AR: equally priced homes
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