HomeVirginiaGrayson CountyIndependence town
Independence town, Virginia: commercial real estate data.
Independence town 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.
66 sourced place values · tier FULL · 7 sections · 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$124,400
- Ninetieth percentile approval$124,400
- Largest approval$124,400
- Jobs supported66
- Jobs per approval33.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS2
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grayson County, not Independence
Grayson County context, not Independence figures
These are Grayson County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Independence measurements.
- Establishments in Grayson County173
- Employment at those establishments, Grayson County1,566
- Covered employment, Grayson County3,415
- Average annual pay, Grayson County$37,811
- Average weekly wage, Grayson County$727
- Housing units permitted, Grayson County38
- Of those, single family, Grayson County38
- County product, 2024, Grayson County$397,981,000
- County product change over the prior year, Grayson County3.7 percent
- Average income of an arriving household, Grayson County$57,513
Every figure in this section is published for Grayson County as a whole and is not a measurement of Independence. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $212,400, across 1 lenders, median approval $124,400. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Independence figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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