The housing market in Independence, VA is strong. The median value of homes in the area is $180,900, which is much lower than the US median value of $338,100. In the last year, prices have appreciated by 13.65%, significantly higher than the national appreciation rate of 8.27%. This indicates that housing in Independence remains a desirable place to live and has been increasing in value over time. With its affordable prices and impressive appreciation rates, it's no surprise that more and more people are choosing to call Independence home.
The median home cost in Independence is $180,900. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Independence is up 16.2%.
Average Age of Homes
- The median age of Independence real estate is 45 years old
The Rental Market in Independence
- Renters make up 52.8% of the Independence population
- 3.5% 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.