Independence, OR Foreclosures
How much do homes sell for in Independence, OR?
The average home price is currently $485,233.
In Independence, OR, how many homes are available?
There are currently 4 active home listings available in Independence.
What’s the average rental cost in Independence, OR?
The average rental price in Independence is $1,290.
What is the most expensive home in Independence?
The most expensive home sold in Independence had a price of $13,906,452.
What is currently the cheapest priced home in Independence, OR?
The cheapest home for sale in Independence is priced at $47,058.
Living in Independence, OR
Independence, OR, is a charming town nestled in the Willamette Valley with a strong community spirit. It offers beautiful riverside parks, vibrant local businesses, and access to quality education. Enjoy outdoor activities along the river or participate in community events that celebrate the town's heritage.
Current Market Conditions in Independence, OR
The real estate market in Independence, OR, has been experiencing steady growth, with a notable increase in home values over the past year. The town's appeal, particularly among families and retirees seeking affordable housing and a community-oriented atmosphere, continues to draw interest from buyers, leading to competitive offers on well-kept properties.
Inventory levels remain low, contributing to the upward pressure on prices. As demand grows, many homes are selling quickly, often attracting multiple offers. This trend indicates a healthy market for sellers, though it may pose challenges for first-time buyers.
Investors are also taking notice of the area due to its attractive rental rates and strong tenant demand, especially in proximity to local amenities and schools.
Home Value Estimator For Independence, OR
There are currently 3,316 real estate properties
in Independence, OR,
with a median automated valuation model (AVM) price
of $410,561.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Independence, OR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Independence, OR,
is $485,233.00, with the most expensive house
in Independence, OR, topping out
at $13,906,452.00 and the cheapest home
in Independence, OR,
clocking in at $47,058.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Independence, OR!
Rent Prices
In Independence, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Independence, OR, is on
a rollercoaster ride. The
average rent price in Independence, OR,
is $1,290.00. Indeed, when looking to rent in
Independence, OR, you can expect to pay as little
as $700.00 or as much
as $3,050.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Independence, OR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
