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

Independence, MO has a median modeled monthly cash flow of $-241 and a median cap rate of 5.0%, on a median sold price of $222,500. Prices changed +2.9% year over year.

What is the average cap rate in Independence, MO?

The median cap rate across recently sold homes in Independence, MO is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Independence, MO?

The median sold price in Independence, MO is $222,500 (about $143 per square foot).

Investing in Independence, MO Real Estate

A data-driven snapshot of the Independence, MO 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.

$222,500Median sold price

$143Median $/sqft

5.0%Median cap rate

$-241Modeled cash flow / mo

+2.9%Appreciation YoY

4.8Months of supply

717Active listings

1,797Sold (last 12 mo)

What the Independence numbers say

In Independence, MO, the median home sold for $222,500 (about $143 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-241 of monthly cash flow. Sold prices moved +2.9% over the past year. Inventory sits at about 4.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Missouri markets to compare

See Independence cash-flowing listings

CashFlowRE ranks every for-sale home in Independence, MO 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.