The housing market in Independence, IA is very prosperous. The median value of homes in the area stands at $174,500 which is less than the US House Median Value of $338,100. What's more impressive is that within the last year, the appreciation of houses in Independence has been 11.21% which is higher than the national average of 8.27%. This makes investing in real estate a great option for those looking to buy a home and make a substantial return on their investment.
The median home cost in Independence is $174,500. Home appreciation the last 10 years has been 51.2%. Home Appreciation in Independence is up 13.3%.
Average Age of Homes
- The median age of Independence real estate is 53 years old
The Rental Market in Independence
- Renters make up 27.0% of the Independence population
- 5.7% 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.