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Advertise here →Independence, IA · Market Data
Independence, Iowa real estate market data.
Real estate market data for Independence, IA (Buchanan County) — Census median home value $156,900, county listing prices up about 3.9% over the past year.
Independence, IA is in Buchanan County, Iowa — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 6,149, with a median household income of $72,250. Census data puts Independence's median home value at $156,900.
At a glance
Independence market snapshot
Population
6,149
Median Household Income
$72,250
Median Home Value (city)
$156,900
Median Gross Rent
$769/mo
Price Trend (YoY)
+3.9%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Independence different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Independence's median home value — across all owner-occupied homes, not just recent sales — at $156,900.
County Price Trend
Buchanan County's FHFA house price index shows a 3.91% annual change in 2025.
Population & Income
Independence has an estimated population of 6,149 and a median household income of $72,250, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Independence's Census-reported median home value works out to about 2.2x the area's median household income, and median gross rent runs roughly 13% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Independence FAQ
What are home values like in Independence, IA?
The Census Bureau's American Community Survey puts Independence's median home value at $156,900.
What is the population of Independence, IA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Independence's population at approximately 6,149.
What's the median rent in Independence, IA?
The Census ACS estimates median gross rent in Independence at approximately $769 per month.
What is the median household income in Independence, IA?
Census ACS data puts the median household income in Independence at approximately $72,250.
Is the Independence housing market growing?
Buchanan County's FHFA house price index shows a 3.91% annual change in 2025.
Is Independence, IA affordable relative to income?
Census ACS data puts Independence's median home value at about 2.2 times the median household income, with median gross rent equal to roughly 13% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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