HomeMinnesotaHennepin CountyIndependence
Independence, Minnesota: commercial real estate data.
Independence is a Census city of 3,694 people across 32.43 square miles of land, in Hennepin County. Median household income is $186,597, 92.1 percent of occupied homes are owned.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Independence
What Independence is
- Census place typecity
- Land area32.43 sq mi
- Water area2.14 sq mi
- Population per square mile of land114
- County holding the largest share of its areaHennepin 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
- Population3,694
- Median age44.7
- Population under 181,159 plus or minus 241
- Share under 1831.4 percent plus or minus 6.5
- Population 65 and over738 plus or minus 156
- Share 65 and over20.0 percent plus or minus 4.2
- Households1,321
- Family households1,123
- Share of households that are families85.0 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$186,597 plus or minus $40,595
- Per capita income$84,436
- Civilian labor force1,835
- Employed1,820
- Unemployed15 plus or minus 24
- Unemployment rate0.8 percent plus or minus 1.3
- Adults 25 and over2,535
- Adults 25 and over with a high school diploma or higher97.8 percent
- Adults 25 and over with a bachelor degree or higher66.7 percent
- Adults 25 and over with a graduate degree28.5 percent plus or minus 7.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
Housing in Independence
- Housing units1,408
- Occupied units1,321
- Vacant units87 plus or minus 69
- Vacancy rate6.2 percent plus or minus 4.9
- Owner occupied1,217
- Renter occupied104 plus or minus 57
- Ownership rate92.1 percent
- Median owner-occupied home value$663,400
- Median gross rent, monthly$3,469 plus or minus $2,661
- Annual rent as a share of median income22.3 percent plus or minus 17.8
- Single family units1,348
- Share single family95.7 percent
- Units in buildings of two or more60 plus or minus 53
- Share in buildings of two or more4.3 percent plus or minus 3.7
- Mobile homes0
- Median year structure built1989
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 commute1,160
- Commuting under 15 minutes127 plus or minus 76
- Share commuting under 15 minutes10.9 percent plus or minus 6.2
- Commuting 30 minutes or more432 plus or minus 165
- Share commuting 30 minutes or more37.2 percent plus or minus 12.6
- Drove alone48.3 percent plus or minus 11.4
- Carpooled9.2 percent plus or minus 6.8
- Public transport0.0 percent
- Walked1.3 percent plus or minus 1.4
- Worked from home36.1 percent plus or minus 9.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
SBA loans in Independence (504)
- Approvals1
- Gross approval$299,000
- Average approval$299,000
- Median approval$299,000
- Largest approval$299,000
- Jobs supported8
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Independence, in any county, FY2010 to FY2026. Only 0 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 number270167
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/04/16
The City of Independence participates in the National Flood Insurance Program as community 270167 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.
Hennepin County, not Independence
Hennepin County context, not Independence figures
- Establishments in Hennepin County40,486
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Housing units permitted, Hennepin County3,919
Every figure in this section is published for Hennepin 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, Minnesota?
3,694, in 1,321 households. Independence city covers 32.43 square miles of land, which is 114 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?
Hennepin 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?
$186,597. The median owner-occupied home is valued at $663,400. Median gross rent is $3,469 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Independence in the National Flood Insurance Program?
Yes. Independence appears in the FEMA Community Status Book as Independence, city of, community 270167, 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 Hennepin 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.