HomeVirginiaGrayson CountyIndependence
Independence, Virginia: commercial real estate data.
Independence is a Census town of 1,132 people across 2.34 square miles of land, in Grayson County. Median household income is $39,286, 66.1 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $212,400 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Independence
What Independence is
- Census place typetown
- Land area2.34 sq mi
- Water area0 sq mi
- Population per square mile of land483
- County holding the largest share of its areaGrayson 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
- Population1,132
- Median age58.4
- Population under 18217 plus or minus 64
- Share under 1819.2 percent plus or minus 4.6
- Population 65 and over359 plus or minus 77
- Share 65 and over31.7 percent
- Households472 plus or minus 95
- Family households276 plus or minus 78
- Share of households that are families58.5 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$39,286 plus or minus $18,141
- Per capita income$29,934 plus or minus $11,586
- Civilian labor force356 plus or minus 120
- Employed339 plus or minus 118
- Unemployed17 plus or minus 18
- Unemployment rate4.8 percent plus or minus 4.8
- Adults 25 and over863
- Adults 25 and over with a high school diploma or higher86.2 percent
- Adults 25 and over with a bachelor degree or higher19.6 percent plus or minus 12.3
- Adults 25 and over with a graduate degree5.2 percent plus or minus 4.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
Housing in Independence
- Housing units568
- Occupied units472 plus or minus 95
- Vacant units96 plus or minus 51
- Vacancy rate16.9 percent plus or minus 8.4
- Owner occupied312 plus or minus 78
- Renter occupied160 plus or minus 53
- Ownership rate66.1 percent
- Median owner-occupied home value$122,400
- Median gross rent, monthly$668
- Annual rent as a share of median income20.4 percent plus or minus 9.9
- Single family units450
- Share single family79.2 percent
- Units in buildings of two or more86 plus or minus 39
- Share in buildings of two or more15.1 percent plus or minus 6.2
- Mobile homes32 plus or minus 29
- Median year structure built1967
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 commute298 plus or minus 91
- Commuting under 15 minutes147 plus or minus 59
- Share commuting under 15 minutes49.3 percent plus or minus 12.6
- Commuting 30 minutes or more94 plus or minus 60
- Share commuting 30 minutes or more31.5 percent plus or minus 17.6
- Drove alone79.2 percent plus or minus 38.3
- Carpooled2.7 percent plus or minus 2.5
- Public transport0.0 percent
- Walked5.1 percent plus or minus 5.4
- Worked from home10.2 percent plus or minus 11.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Independence
SBA loans in Independence (7(a))
- Approvals2
- Gross approval$212,400
- Average approval$106,200
- Median approval$106,200
- Largest approval$124,400
- Jobs supported66
- Jobs per approval33.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term139 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS2
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
Flood risk in Independence
- NFIP communityTown of Independence
- NFIP community number510238
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/28/08(M)
The Town of Independence participates in the National Flood Insurance Program as community 510238 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.
Grayson County, not Independence
Grayson County context, not Independence figures
- Establishments in Grayson County173
- Covered employment, Grayson County3,415
- Average annual pay, Grayson County$37,811
- Housing units permitted, Grayson County38
Every figure in this section is published for Grayson 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, Virginia?
1,132, in 472 households. Independence town covers 2.34 square miles of land, which is 483 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?
Grayson 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?
$39,286. The median owner-occupied home is valued at $122,400. Median gross rent is $668 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?
2 7(a) approvals totaling $212,400 since FY2020, across 1 lenders, median approval $106,200. 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, town of, community 510238, 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 Grayson 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.
Nearby