Home prices
The median home price in Independence is $205,000. In comparison to its nearby areas it is roughly $13,780 (6%) lower.Compared to the nation as a whole it is roughly $12,500 (5%) lower, and compared to the city of Portland is roughly $207,000 (50%) lower.
Rents
The median monthly rent in Independence is $1,048. This is approximately $87 (9%) higher compared to the surrounding areas.In comparison to the United States as a whole it is approximately $14 (1%) lower, and in comparison to the city of Portland is approximately $200 (16%) lower.
Nearby places
Monmouth
Monmouth is Independence's neighbor to the west. Real estate prices there are a little more expensive. The median home cost in Monmouth is $225,100, which is $20,100 (8%) higher than Independence. The rent there is similar. The median monthly rent in Monmouth is $1,014, which works out to $34 (3%) lower than Independence.
Dallas
Dallas is roughly 6 miles northwest of Independence. Its housing prices are a bit more expensive. The median home in Dallas is valued at $222,700, which is $17,700 (7%) higher than Independence. Rent there is somewhat less expensive. Dallas's median monthly rent is $867, which comes out to $181 (20%) lower than Independence.
Salem
Salem is about 8 miles northeast from Independence. The real estate prices there are a little more expensive. Salem's median home cost is $242,800, which comes out to $37,800 (15%) higher than Independence. Rent there is somewhat less expensive. The median monthly rent in Salem is $975, which comes out to $73 (7%) lower than Independence.
Falls City
Falls City is approximately 10 miles west from Independence. Its housing prices are significantly less expensive. The median home value in Falls City is $140,800, which works out to $64,200 (45%) lower than Independence. Rent there is pretty similar. Falls City's median rent is $1,037 a month, which comes out to $11 (1%) lower than Independence.
Turner
Turner is about 10 miles east of Independence. Real estate prices there are somewhat more expensive. The median home cost in Turner is $262,500, which works out to $57,500 (21%) higher than Independence. The rent there is somewhat less expensive. The median rent in Turner is $914 per month, which comes out to $134 (14%) lower than Independence.
