Vernon, TX has a median housing value of $78,200, which is much less than the US median value of $338,100. However, it also experiences a greater rate of house appreciation than the national average; in the last year, Vernon's housing prices have increased by 15.22%, while the US only experienced an 8.27% increase. This suggests that Vernon has a growing and attractive housing market for potential homeowners.
The median home cost in Vernon is $78,200. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Vernon is up 16.6%.
Average Age of Homes
- The median age of Vernon real estate is 56 years old
The Rental Market in Vernon
- Renters make up 32.5% of the Vernon population
- 5.0% 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.