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 $139,071, lower than the Missouri average of $194,908.
The average cost of rent is $995/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 43.93% of residents own their homes outright in Independence, 41.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $4,821 per month. Households that rent pay about 20.64% of their income on rent here. Independence's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Sugar Creek, MO: less expensive homes
- Birmingham, MO: less expensive homes
- Lake Tapawingo, MO: higher priced homes
- Raytown, MO: less expensive homes
- Randolph, MO: less expensive homes
- Blue Springs, MO: higher priced homes
- Lake City, MO: higher priced homes
- Kansas City, MO: higher priced homes
- Avondale, MO: higher priced homes
- Unity Village, MO: higher priced homes
Cities with Similar Populations
- Utica, MI: higher priced homes
- Traverse City, MI: higher priced homes
- Tulare, CA: higher priced homes
- Tracy, CA: higher priced homes
- Topeka, KS: equally priced homes
- Vacaville, CA: higher priced homes
- Vancouver, WA: higher priced homes
- Stockbridge, GA: higher priced homes
- Toledo, OH: higher priced homes
- Sunnyvale, CA: higher priced homes
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