Real Estate Investing in Independence, Oregon

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1 ZIP codes • Population: 11,384 • Polk County

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

🏠 For Homebuyers
MIXED
Grade C (61/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

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, OR?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $432,642
Avg Monthly Rent $1,945
ZIP Codes 1

Investing in Independence Real Estate

Independence, OR covers 1 ZIP codes and a population but the investment metrics here are thin — this is not a market to enter casually.

Across Independence's 1 ZIPs, fundamentals run soft: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

The $1,945/mo / $433K relationship in Independence looks lackluster once vacancy and capex are incorporated into underwriting. tilts toward the realized yield tends to disappoint.

Distressed-leaning demographics in Independence — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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 Salem, OR

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$432,642
Avg Monthly Rent
$1,945
1% Rule
✗ Below
Landlord Friendly (OR)

📉 Market Crash Risk Index

Based on Salem, OR metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
41%
Days Pending
1/2
51 days

View all metro crash risk rankings →

❄️ Cool Market — Salem, OR metro
51
Days to pending
10.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Independence, OR

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, OR

How much should I expect to pay for a home in Independence, OR?

Independence, OR median home values land near $433K. That is reasonable territory for investors looking at $1,945/mo-per-month rentals.

What strategy should investors use in Independence, OR?

In Independence, OR the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $433K prices and $1,945/mo rents suits that approach.

What is the renter demographic in Independence, OR?

Tenant demand in Independence, OR is solid. The local workforce $1,945/mo rents across most rental classes.

Does a duplex house hack pencil in Independence, OR?

House hacking works a challenging in Independence, OR. Rents of $1,945/mo against $433K acquisition make the strategy solid for owner-occupants.

Is Independence, OR landlord-friendly?

Landlord-friendliness in Independence, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Community Ratings

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