Is Independence, KY a good place to invest in rental property?

Independence, KY has a median modeled monthly cash flow of $-872 and a median cap rate of 3.7%, on a median sold price of $335,000. Prices changed +3.9% year over year.

What is the average cap rate in Independence, KY?

The median cap rate across recently sold homes in Independence, KY is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Independence, KY?

The median sold price in Independence, KY is $335,000 (about $187 per square foot).

Investing in Independence, KY Real Estate

A data-driven snapshot of the Independence, KY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$335,000Median sold price

$187Median $/sqft

3.7%Median cap rate

$-872Modeled cash flow / mo

+3.9%Appreciation YoY

6.7Months of supply

266Active listings

480Sold (last 12 mo)

What the Independence numbers say

In Independence, KY, the median home sold for $335,000 (about $187 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-872 of monthly cash flow. Sold prices moved +3.9% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Kentucky markets to compare

See Independence cash-flowing listings

CashFlowRE ranks every for-sale home in Independence, KY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Independence deals, or browse the national market data.