Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Independence city, Minnesota?
City · Census ACS 5-Year estimates
The median gross rent in Independence city, Minnesota is $3,469/month (±$2,661), based on Census ACS 5-Year estimates (2024). The median home value is $663,400 (±$96,189), and the median household income is $186,597/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Independence city, Minnesota
| Metric | Value |
|---|---|
| Median Gross Rent | $3,469 |
| Median Home Value | $663,400 |
| Median Household Income | $186,597 |
| Total Housing Units | 1,321 |
| Renter-Occupied Units | 104 |
| Renter-Occupied Share | 8% |
| Households Paying 50%+ Income | 52 households |
How does Independence city, Minnesota compare?
Median gross rent ranked against all cities in Minnesota.
Higher rent than 100% of cities in Minnesota · 3rd of 704
| # | City | Value |
|---|---|---|
| 1 | Minnetrista city | $3,501 |
| 1 | North Oaks city | $3,501 |
| 3 | Independence city(you are here) | $3,469 |
| … 698 more … | ||
| 702 | White Earth CDP | $300 |
| 703 | Big Lake CDP | $99 |
| 703 | Sanborn city | $99 |
More data for Independence city, Minnesota
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Frequently asked questions
What is the average rent in Independence city, Minnesota?
The median gross rent in Independence city, Minnesota is $3,469/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Independence city, Minnesota?
The median rent for a 2-bedroom in Independence city, Minnesota is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Independence city, Minnesota?
The median home value in Independence city, Minnesota is $663,400 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Independence city are rent-burdened?
In Independence city, Minnesota, 52 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Independence city, Minnesota?
The median household income in Independence city, Minnesota is $186,597/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $3,469 has a margin of error of ±$2,661. In very small areas, MOEs can be large relative to the estimate.
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