The housing in the Vernal, UT Metro Area is quite affordable compared to the US average. The median value of a house in the area is $275,100, which is significantly lower than the US median of $338,100. In addition to being more affordable than the US average, Vernal's housing market also experienced a slightly higher appreciation rate over the past year at 8.44%, compared to 8.27% nationally. This demonstrates that Vernal's housing market is still thriving despite its lower price point.
The median home cost in Vernal Metro Area is $275,100. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Vernal Metro Area is up 16.3%.
Average Age of Homes
- The median age of Vernal Metro Area real estate is 30 years old
The Rental Market in Vernal Metro Area
- Renters make up 22.0% of the Vernal Metro Area population
- 5.0% of houses and apartments in Vernal 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.