Independence, OR housing market
The typical Independence home is worth about $426,000, up 2.1% in a year, 14% below the Oregon typical home. Homes typically sell in 92 days, below asking.
Home values, sales, trends and how Independence compares with the towns next door — updated as new data is published.
Independence at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Independence | Oregon |
|---|---|---|
| 2017 | $212,000 | $313,000 |
| 2018 | $239,000 | $337,000 |
| 2019 | $263,000 | $354,000 |
| 2020 | $279,000 | $369,000 |
| 2021 | $319,000 | $411,000 |
| 2022 | $376,000 | $480,000 |
| 2023 | $393,000 | $490,000 |
| 2024 | $405,000 | $495,000 |
| 2025 | $418,000 | $504,000 |
| 2026 | $424,000 | $500,000 |
| August 2026 | $426,000 | $496,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Independence in 2025, all single-family houses. That's 0.2 per 1,000 residents, slower than across Oregon (3.8). Over the past 10 years, Independence has permitted 600 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Independence gained 1,238 residents while 642 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Oregon: 2.6 new residents per new home.
How Independence ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 2 | 2 | 0 | $495,000 |
| 2024 | 19 | 1 | 18 | $3.4 million |
| 2023 | 35 | 27 | 8 | $9.6 million |
| 2022 | 41 | 35 | 6 | $12.9 million |
| 2021 | 65 | 65 | 0 | $14.5 million |
| 2020 | 59 | 59 | 0 | $13.2 million |
| 2019 | 205 | 41 | 164 | $29.6 million |
| 2018 | 62 | 50 | 12 | $12.2 million |
| 2017 | 10 | 4 | 6 | $2.7 million |
| 2016 | 102 | 22 | 80 | $12.8 million |
| 2015 | 90 | 18 | 72 | $11.1 million |
| 2014 | 158 | 26 | 132 | $17.3 million |
| 2013 | 7 | 7 | 0 | $1.5 million |
| 2012 | 2 | 2 | 0 | $409,000 |
| 2011 | 2 | 2 | 0 | $700,000 |
| 2010 | 4 | 4 | 0 | $1.1 million |
| 2009 | 21 | 21 | 0 | $3.9 million |
| 2008 | 25 | 25 | 0 | $4.6 million |
| 2007 | 41 | 41 | 0 | $7.6 million |
| 2006 | 99 | 83 | 16 | $16.2 million |
| 2005 | 129 | 107 | 22 | $21 million |
| 2004 | 181 | 115 | 66 | $22.8 million |
| 2003 | 199 | 119 | 80 | $24.4 million |
| 2002 | 53 | 49 | 4 | $8.2 million |
| 2001 | 89 | 39 | 50 | $7.2 million |
| 2000 | 137 | 53 | 84 | $10.4 million |
Independence's permit office reported 11 of 12 months in 2025; the Census estimated the rest.
How Independence ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Independence and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Independence | $426K | +2.1% | $1,810 | 2 | $85,375 |
| Monmouth | $476K | +2% | $1,480 | 37 | $69,170 |
5 years of income
The typical Independence home costs about 5 years of the town's median household income, less than across Oregon (6 years).
How Independence ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,810
HUD's Fair Market Rent for a two-bedroom in Independence is $1,810 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Independence pay a median of $1,665. A two-bedroom takes about 25% of the town's median household income.
Studio $1,370 · 4 bedrooms $2,710
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97351; Salem, OR MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.