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Independence, OR Home Values and Rents

The typical home value in Independence is $421,354, 131st highest of 227 cities and towns in Oregon. Median rent is $1,932 a month.

Typical home value
$421,354
131st of 227 in OR
Median rent
$1,932/mo
Zillow observed rent
Price change, 1 year
+1.8%
Sep 2026
Homeownership
54.6%
OR: 63.3%

Home sale prices in the Salem, OR area

Zillow median sale price, Sep 2026

Source: Zillow

$449,950-2.5% from a year earlier

Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.

Typical home value in Independence

Zillow Home Value Index, all homes, middle tier

Source: Zillow
Show as a table
PeriodIndependence
Sep 2026$421,354
Dec 2025$418,994
Dec 2024$413,172
Dec 2023$400,216
Dec 2022$390,696
Dec 2021$368,281
Dec 2020$309,873
Dec 2019$273,445
Dec 2018$258,979
Dec 2017$234,262
Dec 2016$208,418
Dec 2015$183,447
Dec 2014$166,246
Dec 2013$155,702
Dec 2012$148,061

Over five years, Independence prices changed +17.4%.

Source: Zillow Research · Last updated 09/01/2026

Fair Market Rents, FY2027

HUD rent standard for Salem, OR MSA

OR rents
Unit sizeMonthly rent
Studio$1,285
1 bedroom$1,294
2 bedrooms$1,692
3 bedrooms$2,341
4 bedrooms$2,564

Frequently asked questions

What is the typical home value in Independence, OR?
The typical home value in Independence is $421,354 (Zillow Home Value Index, Sep 2026). The Oregon median is $477,600.
How much is rent in Independence?
The median rent in Independence is $1,932 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,692.
Are home prices going up in Independence?
The typical home value in Independence changed +1.8% over one year and +17.4% over five years, as of Sep 2026.
How does Independence compare with the rest of Oregon?
Independence has the 131st highest median home value of 227 cities and towns with 1,000+ residents in Oregon.