The housing market in Independence, MO is thriving with a median value of $178,800. This is significantly lower than the US House Median Value of $338,100 and indicates that homes in Independence are significantly more affordable. Furthermore, house appreciation in Independence has risen by 13.06%, compared to 8.27% nationwide, indicating that this area is an especially good choice for potential homeowners. For those looking for an affordable home with great appreciation potential, Independence should definitely be considered.
The median home cost in Independence is $178,800. Home appreciation the last 10 years has been 100.6%. Home Appreciation in Independence is up 16.3%.
Average Age of Homes
- The median age of Independence real estate is 49 years old
The Rental Market in Independence
- Renters make up 31.6% of the Independence population
- 1.5% of houses and apartments in Independence, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.