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Featured local agent — Independence, KY
Sarah Mitchell
Compass Real Estate · Independence, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Independence, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$321,250median sale price
How is the Independence, KY housing market right now?
The median home sale price in Independence, KY is $321,250, down 6.3% year-over-year. Homes sell in an average of 8 days with 31 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Independence a buyer's or seller's market?
Independence, KY is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
40
Last 12 weeks
Days on market
8
Fast-moving
Active listings
31
0.8 months supply
Sale-to-list
99.7%
Below asking
What does the Independence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $321,250 |
| Median list price | $345,000 |
| Year-over-year price change | -6.3% |
| Average days on market | 8 days |
| Active inventory | 31 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $212/sq ft |
| Homes sold (latest month) | 40 |
| New listings (latest month) | 47 |
| Listings with a price cut | 35.5% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Independence by property type?
How the Independence, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $322,500 | $212/sq ft | 39 | 6 days |
| Condo / Co-op | $147,450 | $154/sq ft | 2 | 6 days |
| Townhouse | $155,000 | $147/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Independence housing market is currently classified as a strong seller's market with a median sale price of $321,250. Prices have fallen 6.3% compared to last year, with homes spending an average of 8 days on market, indicating 0.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Independence
There are currently 31 homes listed for sale in Independence, Kentucky. The median listing price is $345K.
Active listings
31
Homes on market
Median list price
$345K
Avg. days on market
8
Days until sale
New this week
47
Newly listed
Who lives in Independence?
Population
29,024
Median income
$98,653/yr
Median age
34.8 years
Owner-occupied
82.4%
College grads
37.3%
Avg commute
27.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Independence?
Zillow home value
$333,160
Zillow rent index
$2,143/mo
Price-to-rent ratio
13.0x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Independence?
Independence is a community of approximately 29K residents with a median age of 34.8 years.The median household income is $98,653, which reflects a relatively affluent area with strong earning potential. 37.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Independence offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Independence?
6 schools tracked · 6,030 students
The largest public schools serving Independence, KY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Simon Kenton High School
Grades 9-12 · 1,882 students
Summit View Academy
Grades PK-8 · 1,343 students
Twenhofel Middle School
Grades 6-8 · 794 students
White's Tower Elementary School
Grades PK-5 · 698 students
Beechgrove Elementary School
Grades PK-5 · 659 students
Kenton Elementary School
Grades PK-5 · 654 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Independence, KY?
Want a head-to-head view? Compare Independence side-by-side with any other U.S. city using our market-comparison tool.
Is Independence a good real estate investment market?
For investors evaluating Independence, the price-to-rent ratio of 13.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 6.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Independence's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Independence's median home price.
Frequently asked questions
What is the average home price in Independence?
The median home sale price in Independence is $321,250, down 6.3% from last year.
How long do homes stay on market in Independence?
Homes typically spend 8 days on market before going under contract.
What is the median income in Independence?
The median household income is $98,653 per year.
Is Independence a buyer's or seller's market?
With 0.8 months of supply, Independence is currently a strong seller's market.
What is the Zillow home value estimate for Independence?
The Zillow Home Value Index (ZHVI) for Independence is $333,160, representing the typical home value in the area.
What is the median condo price in Independence?
The median condo/co-op sale price in Independence, KY is $147,450, compared to $322,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Independence?
The median single-family home price in Independence, KY is $322,500 (about $212 per square foot).
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