Independence, LA—70443
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Independence, LA
As of Oct '25, the median home price in Independence, LA is $180,000, with a year-over-year change of -1.3%. This indicates that home prices in Independence, LA are decreasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | -1.3% |
| Single Family | $180,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $221,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Independence, LA
As of July '25, Rentcast reports the average rent in Independence, LA is $1,400, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Independence, LA is 2-bedrooms: $933, 3-bedrooms: $1,530, 4-bedrooms: $1,650. The most common rental property sizes in Independence, LA are 3-bedroom and 2-bedroom, accounting for 46.7% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $933 |
| 3 Bed Rent | $1,700 | $1,530 |
| 4 Bed Rent | $1,800 | $1,650 |
% of Rental Stock
Property Listings — Independence, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Independence, LA is 67. This is a decrease of -30.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | 0.0% |
Listing Count | 30 | 4.0% |
| Listings as % of Homes | 0.9% | 4.0% |
Days on Market | 67 | -30.0% |
Demographics — Independence, LA
As of the latest ACS Survey released in 2023, Independence, LA has a population of 8,360, which has decreased by -21.2% over the past 5 years. Independence, LA is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,360 | -21.2% |
% Under 18 | 27.8% | 4.9% |
% Seniors | 13.7% | 21.2% |
% WFH | 6.0% | 361.5% |
% w/ College Degree | 17.7% | 108.2% |
As of the latest ACS Survey released in 2023, Independence, LA is a predominantly white area, with 53.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Independence, LA is black, making up 28.0% of the population. Foreign-born residents account for 7.5% of the population in Independence, LA, and this percentage has increased by 66.7% 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 | 53.3% | -5.8% |
% Black | 28.0% | -21.8% |
% Hispanic | 15.6% | 188.9% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 7.5% | 66.7% |
Mortgage and Risk — Independence, LA
According to HUD data as of 2023, there were 107 mortgage originations in Independence, LA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Independence, LA. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 107 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Independence, LA
Independence, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 125 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | $250 | $900 | $1,150 |
| 3 Bedroom | -$260 | $1,700 | $1,440 |
| 4 Bedroom | $120 | $1,800 | $1,920 |
Affordability — Independence, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $180,000 |
| Median Household Income | $59,300 |