What percentage of people rent in Independence, VA?
33.9% (±9.2 points) of the occupied homes in Independence, VA are rented (2020–2024 American Community Survey).
That is 160 renting households against 312 that own their home.
In Independence, the share of households that rent went from 54.6% in 2015–2019 to 33.9% in 2020–2024 (−20.7 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 33.9% (±9.2 points)
- Renting households
- 160 (±53)
- Median renter income
- $18,684 (±$3,121)
Who rents and who owns in Independence
| Independence | Grayson County | Virginia | United States | |
|---|---|---|---|---|
| Renter-occupied share | 33.9% (±9.2 points) | 19.6% (±2.9 points) | 32.7% (±0.3 points) | 34.8% |
| Renting households | 160 (±53) | 1,240 (±191) | 1,099,123 (±8,702) | 45,017,354 |
| Owning households | 312 (±78) | 5,097 (±254) | 2,266,609 (±13,049) | 84,210,142 |
| Average renter household size | 1.9 (±0.4) | 2.3 (±0.3) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.2 (±0.3) | 2.2 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $18,684 (±$3,121) | $28,966 (±$8,383) | $60,343 (±$529) | $52,966 |
| Median owner household income | $44,891 (±$15,516) | $52,930 (±$5,228) | $114,147 (±$479) | $100,009 |
In Independence, the renter share is higher than in Grayson County (19.6%).
It is not measurably different from Virginia (32.7%).
It is not measurably different from the national figure (34.8%).
In Grayson County, Independence ranks 1 of 3 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 202 of 464.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Independence has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 54.6% (±8.7 points) | 33.9% (±9.2 points) | −20.7 percentage points | Measurable decrease |
| Median gross rent | $392 (±$80) | $668 (±$101) | +70.4% | Up after inflation |
| Median household income | $24,651 (±$4,397) | $39,286 (±$18,141) | +59.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Independence
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Independence | — | 33.9% (±9.2 points) | — |
| Sparta | 8.7 mi | 41.8% (±11.2 points) | Not measurably different |
| Fries | 11 mi | 24.7% (±18.5 points) | Not measurably different |
| Galax | 13 mi | 43.7% (±7.4 points) | Not measurably different |
| Troutdale | 17 mi | 2.5% (±4.4 points) | Lower |
| Woodlawn (Carroll County) | 20 mi | 7.6% (±6.9 points) | Lower |
| Rural Retreat | 20 mi | 17.7% (±6.2 points) | Lower |
| Lansing | 22 mi | 45.3% (±26.2 points) | Not measurably different |
| Jefferson | 23 mi | 55.1% (±10.1 points) | Higher |
Nearby places with a measurably lower figure: Troutdale, VA (2.5%), Woodlawn (Carroll County), VA (7.6%), Rural Retreat, VA (17.7%).
Nearby places with a measurably higher figure: Jefferson, NC (55.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Grayson County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Independence | 33.9% (±9.2 points) |
| 2 | Fries | 24.7% (±18.5 points) |
| 3 | Troutdale | 2.5% (±4.4 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Independence
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Questions about Independence
How many renters are there in Independence?
Independence has an estimated 160 (±53) renting households, 33.9% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Independence?
In Independence, the share of households that rent went from 54.6% in 2015–2019 to 33.9% in 2020–2024 (−20.7 percentage points), a measurable decrease.
How big are renting households in Independence?
A renting household in Independence has 1.9 people on average, against 2.2 in an owned home.
How much do renters earn in Independence?
The median renting household in Independence, VA has an income of $18,684 (±$3,121) a year, against $44,891 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Independence town, Virginia
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Independence town, Virginia
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Independence town, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Independence town, Virginia
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Independence town, Virginia
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Independence town, Virginia (place:39528, in state:51).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Independence at a glance
- Median rent in Independence
- Rent burden in Independence
- Income and affordability in Independence
- Home values in Independence
- Homeowner costs in Independence
- Property taxes in Independence
- Types of homes in Independence
- Bedrooms in Independence
- Age of homes in Independence
- Heating fuel in Independence
- Commute and cars in Independence
- Population growth in Independence
- How long people stay in Independence
- Virginia landlord and tenant rules
- Housing across Grayson County
- Virginia places ranked by share of renters
- Housing data for every place in Virginia