Surrounding submarket Area
Independence, Missouri is a part of the Independence Submarket submarket area, and contains 9 zip codes, including: 64050, 64052, 64056, 64054, 64057, and 64055.
Independence Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Independence, MO submarket area was $762, which is 11.40% lower than 2014 average rent. This represents a compounded annual growth rate of 2.18%. 2019 vacancy in Independence, MO was 3.60%.
The total population of the city of Independence, MO has grown 0.08% since 2010. As of 2018, the population was 116,925. The median household income of the Independence was $48,331, which is 19.84% lower than the national average.
- submarket area Independence Submarket
- avg rent $762
- rent growth 11.40%
- vacancy 3.60%
- median income $48,331
- population (2018) 116,925
- population growth 0.08%
- vs. nat'l avg 19.84%
- zip codes 64050 64051 64052 64053 64054 64055 64056 64057 64058
