Home prices
The median home in Independence costs $502,900. It is roughly $227,260 (82%) higher in comparison to nearby areas.Compared to the rest of the country it is roughly $285,400 (131%) higher, and is roughly $251,300 (99%) higher compared to the city of Minneapolis.
Rents
In Independence the median rent is $1,637 per month. In comparison to nearby areas this is approximately $697 (74%) higher.It is roughly $575 (54%) higher in comparison to the nation as a whole, and is about $610 (59%) higher in comparison to the city of Minneapolis.
Nearby places
Maple Plain
Maple Plain is Independence's neighbor to the southeast. Its real estate prices are substantially less expensive. The median home in Maple Plain is valued at $248,900, which works out to $254,000 (102%) lower than Independence. The rent there is substantially less expensive. In Maple Plain the median rent is $915 per month, which works out to $722 (78%) lower than Independence.
Delano
Delano is Independence's neighbor to the west. Its housing prices are a lot less expensive. The value of the median home in Delano is $258,700, which is $244,200 (94%) lower than Independence. Rent there is substantially less expensive. Delano's median monthly rent is $851, which works out to $786 (92%) lower than Independence.
Greenfield
Greenfield is Independence's neighbor to the north. Its real estate prices are a bit less expensive. The median home value in Greenfield is $428,300, which is $74,600 (17%) lower than Independence. Rent there is somewhat less expensive. The median rent in Greenfield is $1,313 a month, which is $324 (24%) lower than Independence.
Loretto
Loretto is approximately 3 miles northeast of Independence. Real estate prices there are a lot less expensive. Loretto's median home value is $260,400, which works out to $242,500 (93%) lower than Independence. Rents there are significantly less expensive. Loretto's median monthly rent is $645, which works out to $992 (153%) lower than Independence.
Rockford
Rockford is about 4 miles north from Independence. Its real estate prices are substantially less expensive. The median home in Rockford is valued at $181,900, which comes out to $321,000 (176%) lower than Independence. Its rents are significantly less expensive. The median monthly rent in Rockford is $974, which works out to $663 (68%) lower than Independence.
