Real Estate Investing in Independence, Ohio

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1 ZIP codes • Population: 20,619 • Cuyahoga County

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Should you buy in Independence, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (80/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Independence, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $322,652
Avg Monthly Rent $1,656
ZIP Codes 1

Investing in Independence Real Estate

Across Independence's 1 ZIPs, the picture is subdued: $323K median values, $1,656/mo rents, and a population that has faced real economic pressure.

Investors considering Independence, OH should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Market conditions in Independence are subdued. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

A an established population with $N/AK household income profile is what makes Independence a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Cleveland-Elyria, OH

Independence is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Property managers serving Cuyahoga County

Manage rentals here? List your business →

Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website

Single-family
Unclaimed — is this your business? Claim it free

SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website

HOA
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Aspire Real Estate helps sell homes quickly. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$322,652
Avg Monthly Rent
$1,656
1% Rule
✗ Below
Landlord Friendly (OH)

🎓 Colleges & Universities in Independence

1 College 56 Students
D
Central School of Practical Nursing
Vocational Private · 56 students

ZIP Codes in Independence, OH

Screen every ZIP in Independence

Filter Independence’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Independence, OH

What is the typical vacancy rate in Independence, OH?

Rental vacancy in Independence, OH is elevated. Investors should budget normal turnover but not chronic empty units.

Does Independence, OH make sense for an investment property?

Yes - Independence, OH a 3.0/5 investability score. With $323K home prices against $1,656/mo monthly rent, the market delivers a reasonable entry point for new investors.

How much does a house cost in Independence, OH?

The median home value in Independence, OH is roughly $323K. That puts it reasonable relative to the OH statewide average.

Are landlord laws favorable in Independence, OH?

For rental operators, Independence, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

How strong is tenant demand in Independence, OH?

Expect a solid tenant pool in Independence, OH. The rental market absorbs $1,656/mo rents without meaningful friction.

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