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Independence Housing Information

IndexIndependenceOregonNational
Median home price$150,300$247,200$184,700
Median rent asked$869$941$949
Avg. people per household2.72.52.6
Owner occupied households52.0%61.4%63.6%
Renter occupied households48.0%38.6%36.4%
The above shows an overview of the real estate market in Independence, OR. Note how the median home price for Independence, OR runs $150,300, which is 39% lower than the average property price for Oregon. So you’re going to get real estate in Independence, OR that is on-average more affordable than what you’ll find in the rest of Oregon. As for rent, the median for Independence, OR runs $869, which is comparatively 8% lower than the average rent for Oregon. For Independence, OR, about 52.0% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Independence, OR offers a wide variety of real estate. To find your perfect home in Independence, OR, filter your choice by price, location, and number of beds and baths using the search area above.

Independence Home Affordability

When deciding where to purchase Independence, OR real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Independence, OR the median home price is $150,300 and $42,746 is the median household income. As a result, the home price to income ratio in Independence, OR is 3.5x, which is 24% lower than the Oregon average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Independence, OR the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Independence, OR.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Eola, OR0$0100%
Marion, OR263$0100%
Brooks, OR930$0100%
Kings Valley, OR73$0100%
Rickreall, OR77$0100%
Independence, OR8,982$150,30019%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Highland Park, TX8,986$1,253,600579%
Toppenish, WA8,977$114,10038%
Thomaston, GA8,976$79,30057%
Clinton, MO8,989$84,30054%
Scaggsville, MD8,975$485,200163%
Independence, OR8,982$150,30019%

Source: The Independence, OR housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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