The housing market in Independence, KY is thriving and has shown significant appreciation over the past year. The median value of a home in Independence is currently $276,200, which is lower than the US House Median Value of $338,100. However, home appreciation in Independence has been much higher than the national average with an increase of 14.21%, while the US 1 year House Appreciation rate was 8.27%. This shows that homes in Independence are rising in value at a faster rate than most other areas across the country.
The median home cost in Independence is $276,200. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Independence is up 15.5%.
Average Age of Homes
- The median age of Independence real estate is 21 years old
The Rental Market in Independence
- Renters make up 19.9% of the Independence population
- 0.3% 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.