Rent to own Homes in Independence, MO
Independence, Missouri, is an urban part of the Kansas City Metropolitan area. Even though it's the fourth largest city in Missouri, Independence doesn't feel like a big city; it has more of a small-town feel to it. The city has about 120,000 residents living there. It's only about 10 minutes outside of Kansas City, so it offers easy access to all of the exciting big city amenities. Independence is most known in American history as the home of President Harry S. Truman and as part of the Santa Fe Trail to the West.
Independence, MO is a great place for affordable rent-to-own homes! With a median household income of over $50,797 and a median rent of $871, the Independence, MO rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Independence, MO. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Independence, MO Property Resources
Rent to own Homes in Cities Near Independence, MO
- Belton
- Birmingham
- Blue Summit
- Claycomo
- Cleveland
- East Lynne
- Fairway
- Glenaire
- Greenwood
- Harrisonville
- Kansas City
- Kansas City
- Kearney
- Lake Annette
- Lake Lotawana
- Lake Tapawingo
- Lake Waukomis
- Lake Winnebago
- Leawood
- Lee's Summit
- Lenexa
- Liberty
- Loch Lloyd
- Lone Jack
- Mission
- Mission Hills
- Missouri City
- Mosby
- Napoleon
- North Kansas City
- Northmoor
- Oakview
- Oakwood
- Orrick
- Overland Park
- Parkville
- Peculiar
- Platte Woods
- Pleasant Hill
- Prathersville
- Raymore
- Raytown
- River Bend
- Riverside
- Shawnee
- Sibley
- Stilwell
- Strasburg
- Tarsney Lakes
- Unity Village
Neighborhoods in Independence, MO
Carlisle rent to own homes Kentucky Hills rent to own homes Cler-Mont rent to own homes Valley View rent to own homes Harrison rent to own homes Farview rent to own homes Bundschu rent to own homes McCoy rent to own homes Mt. Washington rent to own homes Fairmount rent to own homesPopular Zip Codes in Independence, MO
64050 rent to own homes 64053 rent to own homes 64056 rent to own homes 64051 rent to own homes 64055 rent to own homes 64057 rent to own homes 64052 rent to own homesBuying a Home in Independence, MO
Independence, MO is seeing rapid growth and Independence, MO's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Independence, MO is part of Jackson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Jackson is 1.27% which is above the national average, which is 0.99%.
Median Home Price in Independence, MO
Median Rent in Independence, MO
Top Reasons to Live in Independence MO
Housing Statistics The cost of living in Independence is pretty reasonable. It's the middle of the country so you won't pay an arm and a leg to own a home or rent a home. You can also choose a rent to own home option. The average home for rent will cost you about $650 per month. The average cost of a home to own is about $100,000. You will notice most homes for sale will be priced on an average of about $90,000. Most of the homes in Independence are single family homes in neighborhoods lined with trees. Many have spacious yards. Close to 70 percent of the residents own homes, while less than 30 percent rent a home. The vacancy rate is pretty average at about 10 percent. Unlike some areas in the Kansas City Metro area, Independence doesn't have as many foreclosed homes. But you shouldn't have too much difficult finding a home for sale or a home for rent if you plan your move well in advance.
School Systems The school system in Independence has four school districts from which to choose. The school system is considered to be a high-ranking one. Blue Springs School District is one of the best in quality in the area. There are two private schools and two colleges located in Independence, as well as a wide variety of colleges and private schools in the metro area.
Arts and Culture Much of the culture in Independence centers on President Harry Truman, including the famous Truman Presidential Library and Museum. Don't forget to take a trip to view the home of Harry Truman, as well. One large annual festival is the Santa-Cali-Gon Days, which is a celebration of the frontier trails that started in Independence and led to Santa Fe, California and Oregon. About 15 minutes from Independence is the newly developed Sprint Center, located in downtown Kansas City, MO. The arena is host to a number of events and concerts in the city. There is also the Sprint Center district around the arena, which includes places to eat, shop and hang out.
Neighborhoods There are a number of great neighborhoods in Independence. The city also has a feel of old American history. Here's a look at a few neighborhoods: