The housing market in Vernon, CT is quite strong with a median value of $257,100. This is considerably lower than the national median value of $338,100. Despite this difference, the housing values in Vernon have seen a year-over-year appreciation rate of 9.34%, slightly higher than the national average of 8.27%. This indicates that property values are rising quickly in the area, making it an attractive option for those who want to purchase real estate in Vernon, CT.
The median home cost in Vernon is $257,100. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Vernon is up 14.1%.
Average Age of Homes
- The median age of Vernon real estate is 49 years old
The Rental Market in Vernon
- Renters make up 42.3% of the Vernon population
- 1.6% 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.