HomeIowaBuchanan CountyIndependence
Independence, Iowa: commercial real estate data.
Independence is a Census city of 6,164 people across 6.03 square miles of land, in Buchanan County. Median household income is $73,806, 72.2 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $831,700 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Independence
What Independence is
- Census place typecity
- Land area6.03 sq mi
- Water area0.14 sq mi
- Population per square mile of land1,023
- County holding the largest share of its areaBuchanan County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
How many people live in Independence
- Population6,164
- Median age40.9
- Population under 181,347
- Share under 1821.9 percent
- Population 65 and over1,287
- Share 65 and over20.9 percent
- Households2,753
- Family households1,581
- Share of households that are families57.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
Income and work in Independence
- Median household income$73,806
- Per capita income$37,961
- Civilian labor force3,474
- Employed3,394
- Unemployed80 plus or minus 80
- Unemployment rate2.3 percent plus or minus 2.3
- Adults 25 and over4,356
- Adults 25 and over with a high school diploma or higher95.6 percent
- Adults 25 and over with a bachelor degree or higher24.7 percent plus or minus 5.3
- Adults 25 and over with a graduate degree8.1 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
Housing in Independence
- Housing units2,906
- Occupied units2,753
- Vacant units153 plus or minus 96
- Vacancy rate5.3 percent plus or minus 3.3
- Owner occupied1,987
- Renter occupied766 plus or minus 160
- Ownership rate72.2 percent
- Median owner-occupied home value$165,300
- Median gross rent, monthly$820
- Annual rent as a share of median income13.3 percent plus or minus 3.4
- Single family units2,178
- Share single family74.9 percent
- Units in buildings of two or more686 plus or minus 162
- Share in buildings of two or more23.6 percent plus or minus 5.5
- Mobile homes42 plus or minus 35
- Median year structure built1971
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
How Independence gets to work
- Workers 16 and over who commute3,163
- Commuting under 15 minutes1,698
- Share commuting under 15 minutes53.7 percent
- Commuting 30 minutes or more756 plus or minus 197
- Share commuting 30 minutes or more23.9 percent plus or minus 6.0
- Drove alone81.3 percent
- Carpooled9.0 percent plus or minus 3.5
- Public transport0.7 percent plus or minus 1.0
- Walked2.5 percent plus or minus 2.2
- Worked from home5.8 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
SBA loans in Independence (7(a))
- Approvals4
- Gross approval$831,700
- Average approval$207,925
- Median approval$143,500
- Largest approval$469,700
- Jobs supported42
- Jobs per approval10.5
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term66 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises25.0 percent
- Distinct lenders2
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Independence, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Independence
SBA loans in Independence (504)
- Approvals7
- Gross approval$1,059,000
- Average approval$151,286
- Median approval$143,000
- Largest approval$304,000
- Jobs supported14
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Independence, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Independence
Flood risk in Independence
- NFIP communityCity of Independence
- NFIP community number190031
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/30/20
The City of Independence participates in the National Flood Insurance Program as community 190031 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Buchanan County, not Independence
Buchanan County context, not Independence figures
- Establishments in Buchanan County490
- Covered employment, Buchanan County6,619
- Average annual pay, Buchanan County$50,047
- Housing units permitted, Buchanan County31
Every figure in this section is published for Buchanan County as a whole and is not a measurement of Independence.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Independence questions, answered from the record.
How many people live in Independence, Iowa?
6,164, in 2,753 households. Independence city covers 6.03 square miles of land, which is 1,023 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Independence in?
Buchanan County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Independence?
$73,806. The median owner-occupied home is valued at $165,300. Median gross rent is $820 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Independence businesses?
4 7(a) approvals totaling $831,700 since FY2020, across 2 lenders, median approval $143,500, plus 7 504 approvals worth $1.1 m since FY2010. These count approvals to borrowers whose address is in Independence, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Independence borrowers get paid back?
No rate is published for Independence. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Independence in the National Flood Insurance Program?
Yes. Independence appears in the FEMA Community Status Book as Independence, city of, community 190031, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Independence figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Buchanan County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Independence.
Is zoning published for Independence?
No. Nothing on this page presents parcel level zoning.
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