Independence, MO—64052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Independence, MO
As of Oct '25, the median home price in Independence, MO is $162,000, with a year-over-year change of 0.5%. This indicates that home prices in Independence, MO are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | 0.5% |
| Single Family | $162,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $98,000 | -1.0% |
2 Bed | $138,000 | -0.7% |
3 Bed | $179,000 | 0.6% |
4 Bed | $215,000 | 0.9% |
| 5 Bed | $260,000 | 1.2% |
% of Housing Stock
Rental Trends — Independence, MO
As of July '25, Rentcast reports the average rent in Independence, MO is $1,210, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Independence, MO is studios: $655, 1-bedrooms: $777, 2-bedrooms: $1,030, 3-bedrooms: $1,360, 4-bedrooms: $1,820. The most common rental property sizes in Independence, MO are 2-bedroom and 3-bedroom, accounting for 52.0% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,210 |
| Studio Rent | $655 | $655 |
| 1 Bed Rent | $750 | $777 |
| 2 Bed Rent | $1,020 | $1,030 |
| 3 Bed Rent | $1,380 | $1,360 |
| 4 Bed Rent | $1,840 | $1,820 |
% of Rental Stock
Property Listings — Independence, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Independence, MO is 38. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $186,000 | -2.0% |
Listing Count | 91 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 38 | -2.0% |
Demographics — Independence, MO
As of the latest ACS Survey released in 2023, Independence, MO has a population of 22,900, which has increased by 13.0% over the past 5 years. Independence, MO is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | 13.0% |
% Under 18 | 25.1% | 15.7% |
% Seniors | 14.6% | -8.2% |
% WFH | 8.7% | 148.6% |
% w/ College Degree | 15.2% | -5.6% |
As of the latest ACS Survey released in 2023, Independence, MO is a predominantly white area, with 62.2% of the population identifying as white. The white population has shrunk by 13.2% in the last 5 years. The second most common race or ethnicity in Independence, MO is hispanic, making up 22.5% of the population. Foreign-born residents account for 11.2% of the population in Independence, MO, and this percentage has increased by 23.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.2% | -13.2% |
% Black | 7.3% | 65.9% |
% Hispanic | 22.5% | 19.7% |
% Asian | 1.6% | 33.3% |
% Foreign Born | 11.2% | 23.1% |
Mortgage and Risk — Independence, MO
According to HUD data as of 2023, there were 394 mortgage originations in Independence, MO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Independence, MO. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 394 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Independence, MO
As of 2024, the percent of homes in Independence, MO under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Independence, MO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 320 |
Total Units Section 8 | 267 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $750 | $1,060 |
| 2 Bedroom | $190 | $1,020 | $1,210 |
| 3 Bedroom | $200 | $1,380 | $1,580 |
| 4 Bedroom | $30 | $1,840 | $1,870 |
Affordability — Independence, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $162,000 |
| Median Household Income | $57,000 |