Compare: Elsmere vs Independence

Home Values in Elsmere and Independence

Elsmere

Independence

Zillow Home Value Index

$93,600

$140,900

1-Year Change

-1.1%

+4.2%

Median List Price

$95,000

$159,400

Median Sale Price

$114,400

$142,600

Total Homes Sold in Apr

28 homes

40 homes

Elsmere, KY tends to be less expensive for home buyers than Independence, KY. During the last year, Elsmere home values have fallen by 1.1%, while Independence home values have risen by 4.2%. The median sale price in Elsmere is $114,400, but the median listing price was $95,000, a 20.4% increase. Meanwhile in Independence, the median selling price is $142,600, and the starting price had a median of $159,400, a 10.5% discount. In April, Elsmere home sellers managed to move 28 houses, while Independence saw 40 transactions.

Demographics in Elsmere and Independence

Elsmere

Independence

Population

7,997

22,915

Median Household Income

$42,262

$51,002

Median Age

Homes with Kids

38.9%

41.0%

Average Household Size

2.7

2.9

Average Commute Time (Minutes)

At $51,002, the median income in Independence is $8,740 more than in Elsmere, and $6,490 higher than the national average. Elsmere has an older median age, at 33, compared to 32 in Independence, and a shorter average commute. The average commute in Independence is 26 minutes and the average commute in Elsmere is 23 minutes.