Housing in Vernon, NJ is slightly lower than the national average with a median value of $323,500 compared to the US House Median Value of $338,100. The appreciation rate for housing in Vernon, NJ has also been slightly lower than the rest of the country with a 1 year appreciation rate of 7.56% compared to 8.27% for the US as a whole. Despite this, Vernon remains an attractive option for housing due to its proximity to New York City and other desirable locations in New Jersey like Hoboken and Newark.
The median home cost in Vernon is $323,500. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Vernon is up 12.7%.
Average Age of Homes
- The median age of Vernon real estate is 42 years old
The Rental Market in Vernon
- Renters make up 12.3% of the Vernon population
- 0.9% 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.