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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 Type0%
One Bedroom3.10%
Two Bedrooms10.20%
Three Bedrooms38%
Four Bedrooms39.20%
Five Bedrooms or more9.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1974
Median Value of occupied units$234,900

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1980

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage24.20%
Home Equity Loan15.30%
Simple Mortgage52.20%
Debt Free8.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs22%