The housing market in Vernon, IL is an attractive option compared to the national average. The median value of homes in Vernon is much lower than the US house median of $338,100, providing great affordability for potential buyers looking to enter into the market. Additionally, homes in Vernon have seen a significant appreciation over the past year at 18.28%, which is nearly double the 1 year appreciation rate of 8.27% for all US homes. This high level of appreciation suggests that now is an ideal time to invest in a home in Vernon.
The median home cost in Vernon is $73,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Vernon is up 11.3%.
Average Age of Homes
- The median age of Vernon real estate is 48 years old
The Rental Market in Vernon
- Renters make up 4.3% 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.