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Independence, MO vs Lee's Summit, MO

Side-by-side rent vs. buy comparison using 2026 market data — home prices, rents, price-to-rent ratios, and more.

Independence

Missouri

Neutral

Median Price

$209K

Avg Rent

$1,140/mo

Price-to-Rent Ratio

15.3×

Lee's Summit

Missouri

Neutral

Median Price

$411K

Avg Rent

$2,240/mo

Price-to-Rent Ratio

15.3×

Head-to-Head Comparison

MetricIndependence, MOLee's Summit, MOWinner
Median Home Price$209K$411KIndependence — More Affordable
Average Rent$1,140/mo$2,240/moIndependence — Lower Rent
Price-to-Rent Ratio15.3×15.3×
Median List Price$235K$375KIndependence — Lower List Price
Price per Sq Ft$144/sqft$174/sqftIndependence — Lower Cost/SqFt
Days on Market27 days31 daysLee's Summit — Hotter Market

Frequently Asked Questions

Is it cheaper to live in Independence or Lee's Summit?

Independence has a median home price of $209K and average rent of $1,140/mo, while Lee's Summit has a median home price of $411K and average rent of $2,240/mo.

Should I rent or buy in Independence?

Independence has a price-to-rent ratio of 15.3×. The market is roughly neutral between renting and buying.

Should I rent or buy in Lee's Summit?

Lee's Summit has a price-to-rent ratio of 15.3×. The market is roughly neutral between renting and buying.

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