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Independence, VA
Full City Profile · Virginia · Grayson County County
3.3
/5.0
B
Good
1,144
Population
489/sq mi density
$36,250
Median Income
$32,747 per capita
$115,700
Home Value
$213,254 Zillow
$762
Median Rent
31.9% income on rent
52°F
Avg Temperature
318 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$36,250 median income, 4.0% unemployment
A+
Affordability
4.9 / 5.0
$115,700 home value, $762/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Housing Overview
Median Home Value
$115,700
59% below
US avg: $281,900
Median Rent
$762/mo
34% below
US avg: $1,163/mo
Homeownership Rate
62.1%
5% below US avg (65.4%)
Total Housing Units
564
Median year built: 1968
Home Value by Source
Census Median
$115,700
Zillow (ZHVI)
$213,254
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.1%
Owner-Occupied
37.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$762/mo
Affordability & Housing Stock
Rent Burden
31.9%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
62.1%
Complete Housing Data
Home Values
| Census Median Value | $115,700 |
| Zillow Home Value (ZHVI) | $213,254 |
Rent
| Census Median Rent | $762 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
Ownership & Stock
| Owner-Occupied | 62.1% |
| Renter-Occupied | 37.9% |
| Homeownership Rate | 62.1% |
| Total Housing Units | 564 |
| Median Year Built | 1968 |
| Rent Burden | 31.9% |