Zip 24348 (Independence, VA) Housing

The housing market in 24348 Independence, VA is on the rise. The median value of a house in the area is $172,400, significantly lower than the national median value of $338,100. In the last year, home values in this area have increased by 13.65%, much higher than the national rate of 8.27%. This indicates that 24348 Independence, VA is a desirable place to live and invest in real estate.

The median home cost in Independence (zip 24348) is $172,400. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Independence (zip 24348) is up 16.2%.

Average Age of Homes

- The median age of Independence (zip 24348) real estate is 45 years old

The Rental Market in Independence (zip 24348)

- Renters make up 20.8% of the Independence (zip 24348) population
- 0.9% of houses and apartments in Independence (zip 24348), 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, Virginia	United States
	2,333.0	139,647,020.0
	45	42
	$172,400	$338,100
	16.2%	16.6%
	47.5%	57.0%
	57.2%	101.1%
	$6.07	$10.98
	$708	$2,690
	50.6%	57.4%
	29.3%	11.2%
	20.1%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.5%	0.4%
	12.9%	3.6%
	13.4%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	1.2%	2.4%
	9.2%	2.8%
	7.7%	3.9%
	8.8%	4.5%
	33.9%	11.3%
	11.6%	13.0%
	15.3%	20.1%
	3.6%	13.6%
	0.0%	8.3%
	3.0%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	1.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.2%	13.6%
	11.2%	13.6%
	10.9%	13.6%
	15.5%	13.2%
	16.5%	14.8%
	10.9%	13.6%
	10.2%	10.0%
	7.4%	4.7%
	8.8%	12.2%

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