Housing in Independence

A typical Independence home is worth roughly $114,000

#10Cheapest rent in MO #10Rent easiest to afford in MO #34Most affordable in MO All MO rankings →

Typical home value

$114K

MO $268K

Estimate

2-bedroom rent

$900

a month, utilities in · HUD

Median tax bill

$867

MO $1,948

What kind of housing town is Independence?

Read from the numbers below. The page puts what stands out first.

Your money goes further57% below the Missouri typical home.Rent is cheap#10 in MO for the cheapest rent.

★ What stands out · Affordability

A typical home costs 2.1 years of income

Less than across Missouri (3.8 years). Try your own numbers below.

You could afford about

$222,000

Typical Independence home $114K

That covers a typical Independence home, with $108K to spare.

The typical home, each month

$670

Loan $570Tax $70Insurance $30

A two-bedroom rents for about $900 a month here, $230 more than owning.

Where your budget reaches nearby

Salem$81K Clay$69K Holcomb$91K Freeborn$54K

How Independence ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Independence’s typical property tax (0.76% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $900

Renters already here pay a median of $639, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$670

1 bedroom$690

2 bedrooms$900

3 bedrooms$1,240

4 bedrooms$1,430

39%

of households rent · MO 32%

1,634

renter households

30%

of renters spend 30%+ of income on rent · MO 46%

19%

of the median income, for a two-bedroom

$639

median rent paid today · Census

How Independence ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Dunklin County, MO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

61% of Independence households own their home

Half of Independence’s homes were built before 1970.

Owners and renters

Own 61%Rent 39%

Missouri: 68% own.

1970

typical home built · MO 1978

$867

median property tax bill · MO $1,948

0.76%

of a home’s value, a year in tax · MO 0.85%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Independence vs. its neighbors

Independence is the priciest of 5 neighboring towns. Tap one to see its housing page.

Independence$114K Holcomb$91K Salem$81K Clay$69K Freeborn$54K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Independence	$114K*	—	$900	$55,521
Salem	$81K*	—	$890	$40,352
Clay	$69K*	—	$890	$50,000
Holcomb	$91K	+5.3%	$900	$49,167
Freeborn	$54K*	—	$890	$45,882

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Independence buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Independence still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.