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 / 29

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$30,480

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$429,400

Median Home Sale Price

Top Earners

$53,717

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 small, laid-back city in Polk County, Oregon, set in the heart of the Willamette Valley with a population of roughly 9,000 to 10,000 residents. The community has a quiet, small-town feel that comes through in its tree-lined streets, local festivals, and easy access to the Willamette River. Independence is best known as a friendly base for exploring the surrounding wine country, agricultural lands, and the nearby Oregon Coast, and it sits about 15 miles southwest of Salem, the state capital, and roughly 60 miles southwest of Portland. Its neighbor to the west, Monmouth, gives the area a slightly larger footprint thanks to the presence of a regional university.

Just a few minutes from the city center, Riverview Park stretches along the Willamette River and offers walking paths, picnic areas, river access, and a long-standing Independence Day celebration that draws visitors from across the region. The park's location on the river makes it a natural gathering spot during warmer months and a pleasant year-round stop for travelers passing through the Willamette Valley.

Independence sits within the broader Willamette Valley wine region, and within a short drive guests can reach tasting rooms in nearby Polk and Yamhill counties, including well-known Pinot Noir producers around Monmouth, Dallas, and McMinnville. Roughly 20 to 30 minutes north, McMinnville and the surrounding Dundee Hills add another layer of wineries, restaurants, and tasting experiences, making the city a convenient, quieter alternative to staying directly in wine country.

A short walk from the riverfront leads into Independence's compact historic downtown, where locally owned shops, cafes, and small eateries occupy preserved early-twentieth-century buildings. The area around Main Street gives visitors a low-key sense of small-town Oregon, with a few antique stores, a historic theater, and a Saturday market that has become a community tradition.

Just next door, the city of Monmouth is home to Western Oregon University, and the campus brings a steady stream of students, families, and visiting athletes throughout the year. A few miles south of Independence, the E.E. Wilson Wildlife Area offers seasonal birding, hunting, and walking access to grasslands and wetlands managed by the Oregon Department of Fish and Wildlife, giving outdoor-oriented guests a quieter alternative to the more developed Willamette River parks.

Independence appeals to short-term-rental owners because it offers the calm of a small Willamette Valley town while remaining within easy reach of Salem, Portland, the Oregon Coast, and the valley's wine and farm destinations. Its mix of riverfront recreation, a walkable historic core, university traffic from neighboring Monmouth, and proximity to regional attractions gives the city a balanced, year-round draw that suits a wide range of travelers.

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