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Housing in Independence

A typical Independence home is worth roughly $53,000

Typical home value
$53K
MO $268K
Estimate
2-bedroom rent
$940
a month, utilities in · HUD
Median tax bill
$389
MO $1,948

What kind of housing town is Independence?

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

★ What stands out · Affordability

What it takes to buy in Independence

Try your own numbers below.

You could afford about
$279,000
Typical Independence home $53K

That covers a typical Independence home, with $225K to spare.

The typical home, each month
$320
Loan $260Tax $40Insurance $20

A two-bedroom rents for about $940 a month here, $620 more than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Missouri typical property tax (0.85% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

61% of Independence households own their home

Half of Independence’s homes were built before 1950.

Owners and renters
Own 61%Rent 39%

Missouri: 68% own.

1950
typical home built · MO 1978
$389
median property tax bill · MO $1,948

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $940

Renters already here pay a median of $391, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$730
1 bedroom$740
2 bedrooms$940
3 bedrooms$1,200
4 bedrooms$1,520
39%
of households rent · MO 32%
43
renter households
$391
median rent paid today · Census

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

Next door

Independence vs. its neighbors

Independence is the least expensive of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Independence$53K*—$940$42,386
Jackson$151K*—$900$62,857
Hopkins$67K*—$1,000$45,313

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.

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