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Featured local agent — Independence, OR
Sarah Mitchell
Compass Real Estate · Independence, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Independence, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$414,000median sale price
How is the Independence, OR housing market right now?
The median home sale price in Independence, OR is $414,000, down 3.7% year-over-year. Homes sell in an average of 92 days with 20 active listings. The market is currently a balanced 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, OR is currently a balanced market, based on 2.2 months of supply and homes selling in about 92 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
92
Average pace
Active listings
20
2.2 months supply
Sale-to-list
97.8%
Below asking
What does the Independence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $414,000 |
| Median list price | $393,750 |
| Year-over-year price change | -3.7% |
| Average days on market | 92 days |
| Active inventory | 20 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $293/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 12 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Independence by property type?
How the Independence, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $414,000 | $293/sq ft | 9 | 92 days |
| Townhouse | $418,000 | $282/sq ft | 1 | 32 days |
Source: Redfin · Updated monthly
The Independence housing market is currently classified as a balanced market with a median sale price of $414,000. Prices have fallen 3.7% compared to last year, with homes spending an average of 92 days on market, indicating 2.2 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 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Independence
There are currently 20 homes listed for sale in Independence, Oregon. The median listing price is $394K.
Active listings
20
Homes on market
Median list price
$394K
Avg. days on market
92
Days until sale
New this week
12
Newly listed
Who lives in Independence?
Population
10,088
Median income
$79,158/yr
Median age
29.2 years
Owner-occupied
60.3%
College grads
23.3%
Avg commute
24.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Independence?
Zillow home value
$430,058
Zillow rent index
$1,811/mo
Price-to-rent ratio
19.8x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Independence?
Independence is a community of approximately 10K residents with a median age of 29.2 years.The median household income is $79,158, which reflects a relatively affluent area with strong earning potential. 23.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 24.4 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?
3 schools tracked · 2,125 students
The largest public schools serving Independence, OR 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.
Central High School
Grades 9-12 · 1,014 students
Talmadge Middle School
Grades 6-8 · 732 students
Independence Elementary School
Grades K-5 · 379 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, OR?
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 19.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.7% 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 $414,000, down 3.7% from last year.
How long do homes stay on market in Independence?
Homes typically spend 92 days on market before going under contract.
What is the median income in Independence?
The median household income is $79,158 per year.
Is Independence a buyer's or seller's market?
With 2.2 months of supply, Independence is currently a balanced market.
What is the Zillow home value estimate for Independence?
The Zillow Home Value Index (ZHVI) for Independence is $430,058, representing the typical home value in the area.
How much does a single-family home cost in Independence?
The median single-family home price in Independence, OR is $414,000 (about $293 per square foot).
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