Market Overview
Home Prices in Independence, IA
The median home value in Independence, IA is $222,804 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Independence are priced46% below average.
Over the past five years, Independence home values have risen by approximately37.9%, reflecting strong long-term appreciation in this market.
Price History
Independence Home Price Trend
2020
$145,432
$145K
—
2021
$161,539
$162K
+11.1%
2022
$186,137
$186K
+15.2%
2023
$188,068
$188K
+1.0%
2024
$200,304
$200K
+6.5%
2025
$209,059
$209K
+4.4%
2026
$222,804
$223K
+6.6%
City Comparison
Independence vs. National Median
🏠 Independence
$222,804
National Median
$410,000
At $222,804, homes in Independence cost 46% below the national median of $410,000. This makes Independence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Independence?
20% Down Payment
$44,561
on $222,804
Monthly P&I
$1,162/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,476/mo
incl. taxes & insurance
Income Needed
$59,040
gross annual (30% rule)
10% Down Option
$22,280
+ PMI applies
Loan Amount (20% dn)
$178,243
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Independence, IA?
The median home value in Independence is $222,804 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Independence?
Over the past year, home values in Independence have increased by 6.6%. Over five years, prices have risen approximately 37.9%.
How much do I need to earn to buy a home in Independence?
To comfortably afford the median home price of $222,804 with a 20% down payment ($44,561) at today's rates (6.8%), you'd need a gross annual income of approximately $59,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Independence compare to the national average home price?
The national median home value is approximately $410,000. At $222,804, homes in Independence are 46% below the national average.