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 $543,985, higher than the Minnesota average of $269,934.
The average cost of rent is $1,247/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 22.70% of residents own their homes outright in Independence, 4.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $15,069 per month. Households that rent pay about 8.28% of their income on rent here. Independence's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Maple Plain, MN: less expensive homes
- Greenfield, MN: less expensive homes
- Loretto, MN: less expensive homes
- Delano, MN: less expensive homes
- Rockford, MN: less expensive homes
- Orono, MN: higher priced homes
- Mound, MN: less expensive homes
- Minnetrista, MN: less expensive homes
- Spring Park, MN: equally priced homes
- Medina, MN: equally priced homes
Cities with Similar Populations
- Ohatchee, AL: less expensive homes
- Akron, PA: less expensive homes
- Amelia Court House, VA: less expensive homes
- Ashford, AL: less expensive homes
- Ainaloa, HI: less expensive homes
- Fruitland, NM: less expensive homes
- Meadowbrook, CA: less expensive homes
- Amston, CT: less expensive homes
- Meadow Vista, CA: equally priced homes
- Fritch, TX: less expensive homes
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