Zip 55359 (Independence, MN) Housing

The housing market in Independence, MN (55359) is looking positive. The median value of a house in this area is $531,300, which is higher than the US median value of $338,100. In the past year, there has been an appreciation of 6.82%, slightly lower than the national average of 8.27%. This suggests that the real estate market in Independence is relatively healthy and should continue to grow as time goes on.

The median home cost in Independence (zip 55359) is $531,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Independence (zip 55359) is up 11.0%.

Average Age of Homes

- The median age of Independence (zip 55359) real estate is 40 years old

The Rental Market in Independence (zip 55359)

- Renters make up 13.5% of the Independence (zip 55359) population
- 1.9% of houses and apartments in Independence (zip 55359), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Independence, Minnesota	United States
	2,499.0	139,647,020.0
	44	42
	$531,300	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$12.80	$10.98
	$5,930	$2,690
	82.4%	57.4%
	4.0%	11.2%
	13.7%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.4%	2.4%
	0.1%	2.8%
	0.0%	3.9%
	0.8%	4.5%
	0.8%	11.3%
	5.4%	13.0%
	15.5%	20.1%
	19.2%	13.6%
	12.0%	8.3%
	17.1%	9.7%
	19.3%	3.9%
	4.2%	2.2%
	3.2%	0.8%
	1.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.3%	13.6%
	9.3%	13.6%
	16.6%	13.6%
	12.1%	13.2%
	22.5%	14.8%
	16.6%	13.6%
	8.5%	10.0%
	3.0%	4.7%
	9.0%	12.2%

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