Independence, OH is a great place to invest in housing, with a median value of $294,600. This is slightly below the US median of $338,100, but still offers a great opportunity for potential buyers. The house appreciation rate in Independence over the last year has been 8.35%, which is slightly higher than the national average of 8.27%. This indicates that housing in this area may be appreciating at a faster rate than other areas across the country.
The median home cost in Independence is $294,600. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Independence is up 12.6%.
Average Age of Homes
- The median age of Independence real estate is 56 years old
The Rental Market in Independence
- Renters make up 5.5% of the Independence population
- 0.0% 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.