Vernon Metro Area, TX Housing

The housing market in Vernon, TX Metro Area is quite robust. The median value of homes is $79,100, which is significantly lower than the US median of $338,100. However, this isn't necessarily a bad thing as it provides many more opportunities to buy affordable housing in the area. Additionally, the last year saw an appreciation rate of 16.21%, which is nearly double the US average of 8.27%. This shows that investing in this area can be a sound decision and could offer strong returns on investment.

The median home cost in Vernon Metro Area is $79,100. Home appreciation the last 10 years has been 75.9%. Home Appreciation in Vernon Metro Area is up 16.6%.

Average Age of Homes

- The median age of Vernon Metro Area real estate is 55 years old

The Rental Market in Vernon Metro Area

- Renters make up 28.9% of the Vernon Metro Area population
- 4.2% of houses and apartments in Vernon Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Vernon, Texas	United States
	5,897.0	139,647,020.0
	60	42
	$79,100	$338,100
	16.6%	16.6%
	63.6%	57.0%
	75.9%	101.1%
	$16.77	$10.98
	$1,278	$2,690
	48.7%	57.4%
	22.2%	11.2%
	29.1%	31.4%
Vacant Housing
	4.2%	1.9%
	1.4%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	2.0%	3.6%
	14.1%	4.1%
Value of Owner-Occupied Housing
	7.1%	2.6%
	16.9%	2.4%
	13.3%	2.8%
	15.2%	3.9%
	11.4%	4.5%
	17.7%	11.3%
	8.2%	13.0%
	6.5%	20.1%
	2.4%	13.6%
	0.6%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	6.9%	13.6%
	11.5%	13.2%
	12.7%	14.8%
	6.9%	13.6%
	18.6%	10.0%
	8.5%	4.7%
	21.8%	12.2%

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