Independence, MO

Population: 117,240
Average annual home appreciation rate: 11.51%
Total of homes for sale in this market: 302
Median home price: $107,127
Median Rent: $830 per room
Home price range: 40.77% of homes are between $53,001 – $106,000
Median sales price: $52,560
Number of homes: 292
Median foreclosure sales price: $47,500
Foreclosure discount: 10%
Most common home type: 72.05% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.14%
Number of renters: 35.94%
Number of owner occupied: 64.06%
Number people living below poverty level: 17.37%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Independence area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *