Housing in Independence, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$801,250
Median List Price
$399,000
Price Per Sq Ft
$233
Days on Market
91
Active Inventory
13
Months of Supply
3.3
Seller's market
Zillow Home Value
$765,556
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
99.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$233
Median List $/SF
$206
Independence vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Independence is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$757,800
Median Rent
$3,500
Total Housing Units
1,360
Vacancy Rate
3.2%
Owner Occupied
91.6%
Renter Occupied
8.4%
Median Property Tax
$7,191
per year
Monthly Cost (w/ Mortgage)
$2,760
Housing Types
The current median sale price in Independence, MN is $801,250 according to Redfin data. Homes spend a median of 91 days on the market. 25.0% of homes sold above asking price. The market has 3.3 months of supply. The median price per square foot is $233. The median rent is $3,500 per month (Census ACS). About 91.6% of housing units are owner-occupied. The median year homes were built is 1989. There are 1,360 total housing units.