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 $264,903, higher than the Ohio average of $181,280.
The average cost of rent is $1,331/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 43.28% of residents own their homes outright in Independence, 5.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $8,764 per month. Households that rent pay about 15.19% of their income on rent here. Independence's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Seven Hills, OH: less expensive homes
- Valley View, OH: less expensive homes
- Brooklyn Heights, OH: less expensive homes
- Brecksville, OH: higher priced homes
- Garfield Heights, OH: less expensive homes
- Broadview Heights, OH: equally priced homes
- Cuyahoga Heights, OH: less expensive homes
- Parma, OH: less expensive homes
- Walton Hills, OH: less expensive homes
- Maple Heights, OH: less expensive homes
Cities with Similar Populations
- Springfield, VT: less expensive homes
- Smithville, TX: less expensive homes
- Somerville, AL: less expensive homes
- South Cleveland, TN: less expensive homes
- Southgate, FL: equally priced homes
- Spencer, IN: less expensive homes
- Spring City, TN: less expensive homes
- Spring Hope, NC: less expensive homes
- Spring Lake Park, MN: less expensive homes
- Shelburne, VT: higher priced homes
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