Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.0 yrs |
|---|---|
| Avg HH Size | 2.36 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 26.4% ▼ 32% below avg |
| Unemployment | 3.6% ▼ 27% below avg |
| No HS Diploma | 38 (1.2%) |
| HS Graduate | 1,247 (37.9%) |
| Some College | 719 (21.8%) |
| Associates | 422 (12.8%) |
| Bachelors | 365 (11.1%) |
| Graduate Degree | 503 (15.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,408 ▼ 44% below avg |
|---|---|
| Median Home Value | $146,200 ▼ 48% below avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $621/mo |
| Total Housing Units | 2,414 |
| Vacant Units | 659 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Independence is a city in Virginia, located in Grayson County. The city spans 1 ZIP code and is home to approximately 5,095 residents. It is a mature city, with a median age of 47 years.
Economically, Independence is a working-class community. The median household income of $42,408 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Independence is one of the more affordable housing markets in the country. Median home values stand at $146,200, which is below the national average. Renters typically pay around $621 per month. Homeownership is high at 71.1%, typical of suburban and family-oriented communities.
The population of Independence is moderately educated. 26.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (79.63%).
Independence, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24348 | 5,095 | $42,408 | $146,200 | $621 | 3.6% | 26.4% | 71.1% |