Housing in Independence, MN is quite expensive compared to the US average. The median value for a home in Independence is $621,700, which is more than double the national median of $338,100. Over the past year, the appreciation rate for homes in Independence was 6.82%, lower than the 8.27% appreciation rate nationally. Despite this difference however, homes in Independence remain highly sought after due to their location and other desirable features.
The median home cost in Independence is $621,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Independence is up 11.0%.
Average Age of Homes
- The median age of Independence real estate is 36 years old
The Rental Market in Independence
- Renters make up 6.4% of the Independence population
- 1.2% 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.