Vernon, AZ has an impressive median housing value of $249,200, which is significantly lower than the US House Median Value of $338,100. This makes Vernon a desirable place to live for potential home owners who are looking for more affordable housing prices. In addition to low housing prices, Vernon has also experienced a higher rate of 1 year house appreciation at 14.29%, which is much higher than the US average of 8.27%. This means that those living in Vernon have seen their homes appreciate in value by a greater amount than the US nationally in the past year. With both low housing prices and high appreciations rates, Vernon offers an attractive market for potential home buyers.
The median home cost in Vernon is $249,200. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Vernon is up 18.9%.
Average Age of Homes
- The median age of Vernon real estate is 47 years old
The Rental Market in Vernon
- Renters make up 0.0% of the Vernon population
- 0.0% 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.