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Independence, KY Real Estate


According to census data in the year 2000 there were 5,356 housing units in Independence. This represents a 45.3% growth from 3,686 in 1990.

Of those housing units, 4,853 were located in either urbanized areas or urban clusters, and 503 were located in what is classified as a rural area.

Homeownership rate in Independence is about 76.4%. Independence's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 2.87 people.

The majority of houses, apartments or condos in Independence were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom4.70%
Two Bedrooms24.10%
Three Bedrooms52.30%
Four Bedrooms16.30%
Five Bedrooms or more2.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.02
Median year structure was built1978
Median Value of occupied units$114,600
Median Price asked for vacant units$122,400

Rented Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1982
Median Monthly Rent asked for vacant units$625

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage13.80%
Home Equity Loan13%
Simple Mortgage57.20%
Debt Free16%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%