Independence, KY Real Estate
According to census data in the year 2000 there were 5,356 housing units in Independence.
This represents a 45.3% growth from 3,686 in 1990.
Of those housing units, 4,853 were located in either urbanized areas or urban clusters, and 503 were located in what is classified as a rural area.
Homeownership rate in Independence is about 76.4%.
Independence's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Independence were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 4.70% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 52.30% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $114,600 |
| Median Price asked for vacant units | $122,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.80% |
| Home Equity Loan | 13% |
| Simple Mortgage | 57.20% |
| Debt Free | 16% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
