Independence, IA Real Estate
According to census data in the year 2000 there were 2,579 housing units in Independence.
This represents a 4% growth from 2,480 in 1990.
Of those housing units, 2,479 were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.
Homeownership rate in Independence is about 72.9%.
Independence's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Independence were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 15% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 36% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $75,600 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.51 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 45.60% |
| Debt Free | 40.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
