Independence, MO housing market
Typical home value
$211K
▲ 3.7% 1 yr
Typical rent
$1,395/mo
▲ 3.2% 1 yr
Gross rent yield
7.9%
U.S. 6.3%
5-year home value change
+30%
U.S. +20%
Key takeaways
- 1The typical home in Independence is worth $210,944, up 3.7% over the past year and up 30% over five years.
- 2Typical rent is $1,395 a month (+3.2% YoY), a gross rent yield of 7.9% (above the Kansas City, MO metro's 5.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,159/mo, $236 less than typical rent.
- 4Zillow forecasts the Kansas City, MO metro's home values to change +2.9% over the next 12 months.
Market temperature (Kansas City, MO metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #202 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Independence compares
| Measure | Independence | Kansas City, MO metro | United States |
|---|---|---|---|
| Typical home value | $210,944 | $324,887 | $366,157 |
| Home value, 1-yr change | +3.7% | +3.7% | +1.2% |
| Typical rent | $1,395 | $1,534 | $1,932 |
| Rent, 1-yr change | +3.2% | +3.9% | +2.7% |
| Gross rent yield | 7.9% | 5.7% | 6.3% |
| Price-to-rent ratio | 12.6 | 17.6 | 15.8 |
| Mortgage P&I, typical home | $1,159 | $1,785 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Independence rental, pre-filled.
Rent vs buy in Independence
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $211K home.
Other cities in the Kansas City, MO metro
Kansas City, MO
$250K home$1,446 rent
▲ 1.9% 1 yr
Overland Park, KS
$481K home$1,754 rent
▲ 5.3% 1 yr
Kansas City, KS
$200K home$1,322 rent
▲ 2.5% 1 yr
Olathe, KS
$433K home$1,809 rent
▲ 4.6% 1 yr
Lees Summit, MO
$393K home$1,614 rent
▲ 3.2% 1 yr
Shawnee, KS
$424K home$1,497 rent
▲ 4.5% 1 yr
Lenexa, KS
$477K home$1,730 rent
▲ 3.6% 1 yr
Blue Springs, MO
$309K home$1,748 rent
▲ 2.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.