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 $114,235, lower than the Virginia average of $323,261.
The average cost of rent is $571/mo in Independence, primarily driven by the current value of real estate in the Independence area. While nearly 62.53% of residents own their homes outright in Independence, 29.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $3,266 per month. Households that rent pay about 17.49% of their income on rent here. Independence's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Carsonville, VA: equally priced homes
- Peach Bottom, VA: less expensive homes
- Lower Elk Creek, VA: equally priced homes
- Twin Oaks, NC: higher priced homes
- Volney, VA: equally priced homes
- Elk Creek, VA: higher priced homes
- Fox, VA: equally priced homes
- Sparta, NC: higher priced homes
- Stratford, NC: higher priced homes
- Spring Valley, VA: equally priced homes
Cities with Similar Populations
- Belle, WV: less expensive homes
- Weirsdale, FL: higher priced homes
- Valley, NE: higher priced homes
- South Fulton, TN: less expensive homes
- Saegertown, PA: higher priced homes
- Jackson, SC: higher priced homes
- Harveys Lake, PA: higher priced homes
- Hamburg, AR: less expensive homes
- Gordo, AL: equally priced homes
- Galesville, WI: higher priced homes
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