Independence, MN Real Estate
According to census data in the year 2000 there were 1,090 housing units in Independence.
This represents a 12.3% growth from 971 in 1990.
Of those housing units, 40 were located in either urbanized areas or urban clusters, and 1,050 were located in what is classified as a rural area.
Homeownership rate in Independence is about 95.2%.
Independence's vacancy rate, including seasonal lodging, is about 0.4%.
Average household size is 3.01 people.
The majority of houses, apartments or condos in Independence were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.10% |
| Two Bedrooms | 10.20% |
| Three Bedrooms | 38% |
| Four Bedrooms | 39.20% |
| Five Bedrooms or more | 9.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $234,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1980 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 24.20% |
| Home Equity Loan | 15.30% |
| Simple Mortgage | 52.20% |
| Debt Free | 8.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
