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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 $199,296, lower than the Wisconsin average of $280,373.
The average cost of rent is $933/mo in Independence, primarily driven by the current value of real estate in the Independence area. In Independence, 35.30% of households rent, and 52.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Independence is $5,888 per month. Households that rent pay about 15.85% of their income on rent here. Independence’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whitehall, WI: equally priced homes
- Arcadia, WI: equally priced homes
- Tamarack, WI: equally priced homes
- Blair, WI: equally priced homes
- Hale, WI: higher priced homes
- Waumandee, WI: higher priced homes
- Pigeon Falls, WI: higher priced homes
- Iduna, WI: higher priced homes
- Strum, WI: higher priced homes
- Praag, WI: higher priced homes
Cities with Similar Populations
- Athens, WI: higher priced homes
- Prospect, PA: higher priced homes
- Simsboro, LA: less expensive homes
- Singer, LA: higher priced homes
- Milton, KY: less expensive homes
- Tuxedo Park, NY: higher priced homes
- Idaho Springs, CO: higher priced homes
- Waterville, NY: equally priced homes
- Grove Hill, AL: less expensive homes
- Garysburg, NC: less expensive homes
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