Housing & Real Estate — Independence, Minnesota

Overview

Total Housing Units1,360
Occupied1,316
Vacant44
Owner-Occupied1,206
Renter-Occupied110
Median Home Value (Census)$663,400
Estimated 2026~$850,000
Median Rent$3,500/mo
Median Property Tax$6,406/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilitymoderate
Rent as % of Income22.5%
Severely Rent-Burdened64.4%

Housing Age

Built 2010 or later266
Built 2000-2009212
Built 1990-1999211
Built before 1960232
Median Year Built1987
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.