According to statistics, the population in Independence, MO amounts to 117,369, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $46,268, shifting growth 4% from the past year, and the average property value in Independence, MO growth 2% to $102,800 throughout the year.
|Number Of Employees||53,964|
|Median Property Value||$102,800|
The average household income in Independence, MO grew from $44,415 to $46,268 in the past year. This data is an estimate based upon 48,197 households in Independence, MO . The chart below presents how household income is distributed in Independence, MO in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Independence, MO shifted from $100,500 to $102,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Independence, MO in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Independence, MO properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Independence, MO compared to median property taxes around the country. The prevalent amount of property taxes in Independence, MO equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$396,541||+77.7%|
|1 bed for sale||$468,333||+446.4%|
|2 bed for sale||$173,993||+27.6%|
|3 bed for sale||$201,657||+0.6%|
|4+ bed for sale||$263,713||+3.3%|
During Jul 2022, the average price for an apartment in/near Independence, MO increased by 11.1% to $220,300.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 446.4% to $468,333. Asking price for 2-bed apartment also increased by 27.6% and a place of this size will now cost you $173,993. A 3-bed apartment goes for $201,657, it increased by 0.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.3% and made it up to $263,713.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$259,479||+8.4%|
|Houses for sale||$212,786||+6.1%|
|Land for sale||$73,500||-41.4%|
|Condos for sale||$227,250||+30.4%|
|Duplexes for sale||$401,687||+90%|
Price reports demonstrate that house price increased by 6.1% this month making it up to $212,786. Condos are really in demand in this season. The median price for a condo increased by 30.4%, it’s now available for $227,250. You can now purchase a duplex for just $401,687, duplex price increased by 90% this month. The property value of townhouses increased by 8.4%, you’ll have to spend around $259,479 to get one.