USA.com / Virginia / Grayson County / Independence, VA / Housing

Independence, VA Housing

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As of 2010-2014, median price of a house in Independence is $78,200, which is much lower than the state average of $243,500 and is much lower than the national average of $175,700. The Independence median house value has grown by 11.40% since 2000. The growth rate for the price of a house in Independence is much lower than the state average rate of 94.18% and is lower than the national average rate of 46.91%. The median year that a house in Independence was built is 1972, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 217 Owner Occupied Houses in Independence, VA, #523

Independence, VA	78,200 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #349

Independence, VA	11.40%
Virginia	94.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Independence, VA	Virginia	U.S.
Total Housing Units	566, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	516, 91.17%, see rank	89.38%	87.55%
Owner Occupied	217, 38.34%, see rank	59.60%	56.34%
Renter Occupied	299, 52.83%, see rank	29.78%	31.21%
Vacant Housing Units	50, 8.83%, see rank	10.62%	12.45%
For Rent	21, 3.71%, see rank	2.10%	2.34%
For Sale Only	2, 0.35%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	4, 0.71%, see rank	2.67%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	23, 4.06%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #327

Independence, VA	Virginia	U.S.
1972	1980	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Independence, VA	%	Virginia	U.S.
Owner-Occupied Units	217	100%	2,028,244	74,787,460
With a Mortgage	71	32.72%, see rank	71.14%	65.58%
Without a Mortgage	146	67.28%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Independence, VA	1,054 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Independence, VA	%	Virginia	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	0	0.00%, see rank	1.45%	1.59%
$500 to $699	5	7.04%, see rank	3.72%	5.01%
$700 to $999	26	36.62%, see rank	10.40%	14.32%
$1,000 to $1,499	31	43.66%, see rank	23.15%	27.90%
$1,500 to $1,999	9	12.68%, see rank	21.20%	20.35%
$2,000 to $2,999	0	0.00%, see rank	24.77%	19.52%
$3,000 or More	0	0.00%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Independence, VA	24.00% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Independence, VA	%	Virginia	U.S.
10% or Less	0	0.00%, see rank	6.18%	5.86%
10% to 20%	10	14.08%, see rank	32.74%	31.95%
20% to 30%	35	49.30%, see rank	29.30%	27.64%
30% to 40%	8	11.27%, see rank	13.96%	13.74%
40% or More	18	25.35%, see rank	17.46%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Independence, VA	278 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Independence, VA	%	Virginia	U.S.
$199 or Less	44	30.14%, see rank	8.34%	7.76%
$200 to $299	38	26.03%, see rank	17.18%	14.70%
$300 to $499	60	41.10%, see rank	35.90%	34.63%
$500 to $699	4	2.74%, see rank	20.27%	21.16%
$700 to $999	0	0.00%, see rank	0.00%	0.00%
$1,000 or More	0	0.00%, see rank	0.00%	0.00%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Independence, VA	10.00% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Independence, VA	%	Virginia	U.S.
10% or Less	77	52.74%, see rank	46.49%	40.19%
10% to 20%	24	16.44%, see rank	29.97%	31.47%
20% to 30%	26	17.81%, see rank	10.53%	12.24%
30% to 40%	10	6.85%, see rank	4.67%	5.64%
40% or More	6	4.11%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Independence, VA	Virginia	U.S.
Total Housing Units	566, 100%	3,403,241	132,741,033
1-unit, Detached	344, 60.78%, see rank	61.97%	61.65%
1-unit, Attached	5, 0.88%, see rank	10.88%	5.82%
2 Units	27, 4.77%, see rank	1.67%	3.75%
3 or 4 Units	42, 7.42%, see rank	2.74%	4.43%
5 to 9 Units	51, 9.01%, see rank	4.64%	4.78%
10 or More Units	72, 12.72%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	25, 4.42%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Independence, VA	Virginia	U.S.
Total Housing Units	566, 100%	3,403,241	132,741,033
1 Room	16, 2.83%, see rank	1.33%	1.95%
2 Rooms	16, 2.83%, see rank	1.73%	2.48%
3 Rooms	59, 10.42%, see rank	6.92%	9.13%
4 Rooms	123, 21.73%, see rank	14.48%	16.60%
5 Rooms	126, 22.26%, see rank	17.82%	20.41%
6 Rooms	119, 21.02%, see rank	16.80%	18.06%
7 Rooms	38, 6.71%, see rank	13.06%	12.27%
8 Rooms	23, 4.06%, see rank	10.92%	8.48%
9 Rooms or More	46, 8.13%, see rank	16.94%	10.60%
Median Rooms	5.00, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Independence, VA	Virginia	U.S.
Total Housing Units	566, 100%	3,403,241	132,741,033
No Bedroom	16, 2.83%, see rank	1.46%	2.17%
1 Bedroom	86, 15.19%, see rank	8.47%	11.16%
2 Bedrooms	169, 29.86%, see rank	23.83%	26.69%
3 Bedrooms	265, 46.82%, see rank	39.65%	39.70%
4 Bedrooms	16, 2.83%, see rank	20.28%	16.05%
5 or More Bedrooms	14, 2.47%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Independence, VA	Virginia	U.S.
Total Housing Units	516, 100%	3,041,710	116,211,092
Utility Gas	4, 0.78%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	23, 4.46%, see rank	4.51%	4.86%
Electricity	271, 52.52%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	174, 33.72%, see rank	6.01%	5.86%
Coal or Coke	0, 0.00%, see rank	0.08%	0.12%
Wood	44, 8.53%, see rank	2.76%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.29%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Independence, VA	Virginia	U.S.
Occupied Units Paying Rent	294, 100%	957,686	39,201,928
$199 or Less	24, 8.16%, see rank	1.61%	1.50%
$200 to $299	14, 4.76%, see rank	2.46%	3.18%
$300 to $499	115, 39.12%, see rank	5.54%	7.37%
$500 to $699	65, 22.11%, see rank	10.39%	16.01%
$700 to $999	39, 13.27%, see rank	22.57%	29.17%
$1,000 to $1,499	27, 9.18%, see rank	30.50%	26.88%
$1,500 to $1,999	10, 3.40%, see rank	15.76%	9.79%
$2,000 or More	0, 0.00%, see rank	11.16%	6.10%
Median	$490, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Independence, VA	Virginia	U.S.
Occupied Housing Units	516, 100%	3,041,710	116,211,092
No Vehicles Available	41, 7.95%, see rank	6.38%	9.12%
1 Vehicles Available	252, 48.84%, see rank	30.54%	33.80%
2 Vehicles Available	165, 31.98%, see rank	38.24%	37.48%
3 or More Vehicles Available	58, 11.24%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.