The housing market in Vernon, MI is quite strong, with the median value being $135,900. This is significantly lower than the US median of $338,100. While the one year appreciation rate for homes across the US was 8.27%, in Vernon it was 6.41%. This shows that homes in Vernon still retain their value despite the lower markets prices and are a great opportunity for buyers looking to buy a home at good value.
The median home cost in Vernon is $135,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Vernon is up 12.8%.
Average Age of Homes
- The median age of Vernon real estate is 63 years old
The Rental Market in Vernon
- Renters make up 23.0% of the Vernon population
- 2.8% 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.