Independence, Hennepin County, MN Housing Trends, Rent, Price-to-Rent

Market Summary

Independence, Hennepin County, MN

Median Home Price Price

$752,805 $752.8K

Median Monthly Rent Rent

$1,543 $1.5K

GRM

41.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Independence, MN is $1,543, with MoM change +$15 and YoY change +$98 pointing to positive momentum while volatility is low (std $23).

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Metric

Base market Independence, MN

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Delta vs base

Median rent

$1,543

N/A

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Median price

$752,805

N/A

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YoY change

+$98

N/A

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Price-to-rent

40.7x

Data unavailable

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