Vernon, AL is a great place to live with housing prices that are significantly lower than the national average. The median value of homes in Vernon is $112,900, which is less than a third of the US median value of $338,100. In addition to the more affordable housing prices, the 1 year house appreciation rate in Vernon is 14.92%, much higher than the national average of 8.27%. This makes Vernon an attractive option for those looking to invest or buy real estate in Alabama.
The median home cost in Vernon is $112,900. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Vernon is up 18.1%.
Average Age of Homes
- The median age of Vernon real estate is 41 years old
The Rental Market in Vernon
- Renters make up 37.8% of the Vernon population
- 16.8% of houses and apartments in Vernon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.