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 $102,257, lower than the Tennessee average of $218,916.
The average cost of rent is $658/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 86.73% of residents own their homes outright in Independence, 19.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $2,954 per month. Households that rent pay about 22.27% 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
- Willis, TN: less expensive homes
- Surgoinsville, TN: higher priced homes
- Stony Point, TN: higher priced homes
- Eidson, TN: equally priced homes
- Camelot, TN: higher priced homes
- Blackwater, VA: equally priced homes
- Honeycutt, TN: higher priced homes
- Kyles Ford, TN: less expensive homes
- Christian Bend, TN: higher priced homes
- Rogersville, TN: higher priced homes
Cities with Similar Populations
- Woodstock, NH: higher priced homes
- Goodrich, ND: equally priced homes
- Goodson, MO: higher priced homes
- Gorum, LA: less expensive homes
- Gowdy, IN: higher priced homes
- Grace, SC: higher priced homes
- Grandin, FL: higher priced homes
- Grantsdale, MT: higher priced homes
- Wright, IA: higher priced homes
- Wymer, WV: less expensive homes
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