Independence, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Independence short-term rental market based on reliable data.

Listings

14 / 28

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$29,800

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$421,912

Median Home Sale Price

Top Earners

$50,308

Top-Earners Revenue

Independence

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Independence.

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B

Generally Investor friendly

Independence Regulations

Independence allows STRs citywide and lacks a dedicated STR ordinance, so compliance defaults to basic zoning verification, a simple city business registration, and Oregon’s 1.5% quarterly lodging tax—no caps, low fees, and no onerous inspections. The regulatory pathway is straightforward and investor-friendly, though future rule changes are possible.

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About Independence

Independence is a city in Polk County, Oregon, United States, on the west bank of the Willamette River along Oregon Route 51, and east of nearby Monmouth. It is part of the Salem Metropolitan Statistical Area. Thirty square blocks of the oldest part of Independence form the National Register of Historic Places-listed Independence Historic District. The population was 9,828 at the 2020 census.

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