Housing in Independence, OR is very valuable, with the median home value being $384,100. This is far higher than the national average of $338,100. Further, the appreciation rate for housing in Independence over the last year was an impressive 9.26%, compared to 8.27% nationally. This is indicative of a healthy and growing housing market in Independence that should attract potential buyers and investors alike.
The median home cost in Independence is $384,100. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Independence is up 14.2%.
Average Age of Homes
- The median age of Independence real estate is 22 years old
The Rental Market in Independence
- Renters make up 40.4% of the Independence population
- 1.4% 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.