Real Estate Market Update for 44131 (Independence, OH)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 45% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold decreased 34% year-over-year, and increased 5% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 44131 (Independence, OH)
Area Information for 44131 (Independence, OH)
  • Population: 20,486
  • Median Age: 49.66 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,274/sq mi
  • Population Change Since 2000: -1.3%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Ohio College-podiatric Medicine
  • Closest Jr. College: Vatterott College-cleveland
  • Median Household Income: $67,392
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $158,000
  • Closest Major Sports Team: Cleveland Indians
  • Change Avg. Household Income Since 2000: 28.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 44131 (Independence, OH)
Median Age: 49.66 Married: 50% Number of Households: 8,369 Households with Children: 1,995
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 44131 (Independence, OH)

      School Name Distance Type Grades School Rating Parent Rating
      St Michael School 0.6 mi Catholic PRESCHOOL-8 0 0
      Independence High School 0.8 mi Public 9-12 5 4
      Independence Middle School 0.8 mi Public 5-8 5 0
      Le Chaperon Rouge 1.0 mi Private PRESCHOOL-K 0 0
      Independence Primary School 1.4 mi Public PRESCHOOL-4 5 0
      Hillside Middle School 1.5 mi Public 5-7 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 44131 (Independence, OH)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.