Independence, MO—64053
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 $117,000, with a year-over-year change of -0.2%. 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 | $117,000 | -0.2% |
| Single Family | $117,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $77,000 | 0.0% |
2 Bed | $105,000 | 0.0% |
3 Bed | $134,000 | 0.0% |
4 Bed | $158,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Independence, MO
As of July '25, Rentcast reports the average rent in Independence, MO is $1,070, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Independence, MO is 1-bedrooms: $820, 2-bedrooms: $932, 3-bedrooms: $1,290. The most common rental property sizes in Independence, MO are 2-bedroom and 1-bedroom, accounting for 34.4% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $820 |
| 2 Bed Rent | $900 | $932 |
| 3 Bed Rent | $1,300 | $1,290 |
| 4 Bed Rent | N/A | N/A |
% 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 52. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 6.0% |
Listing Count | 29 | 28.0% |
| Listings as % of Homes | 0.8% | 28.0% |
Days on Market | 52 | 4.0% |
Demographics — Independence, MO
As of the latest ACS Survey released in 2023, Independence, MO has a population of 6,820, which has increased by 24.8% over the past 5 years. Independence, MO is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 12.3% 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 | 6,820 | 24.8% |
% Under 18 | 29.6% | 10.9% |
% Seniors | 8.8% | -26.1% |
% WFH | 8.7% | 7.4% |
% w/ College Degree | 12.3% | 12.8% |
As of the latest ACS Survey released in 2023, Independence, MO is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 16.6% in the last 5 years. The second most common race or ethnicity in Independence, MO is hispanic, making up 27.6% of the population. Foreign-born residents account for 11.5% of the population in Independence, MO, and this percentage has increased by 79.7% 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 | 58.9% | -16.6% |
% Black | 9.1% | 12.3% |
% Hispanic | 27.6% | 64.3% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 11.5% | 79.7% |
Mortgage and Risk — Independence, MO
According to HUD data as of 2023, there were 128 mortgage originations in Independence, MO, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 53.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Independence, MO
Independence, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 131 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $695 | $990 |
| 2 Bedroom | $240 | $900 | $1,140 |
| 3 Bedroom | $190 | $1,300 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Independence, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $117,000 |
| Median Household Income | $48,800 |