The housing market in 35592 Vernon, AL is very vibrant and growing. The median value of homes in this zip code is $108,400, which is significantly lower than the national median value of $338,100. Despite the lower value, the 1 year house appreciation rate in 35592 Vernon, AL is a remarkable 14.92%, well above the US 1 year appreciation rate of 8.27%. This indicates that home values in Vernon are increasing at a much faster rate than other parts of the country, making it an attractive option for potential buyers.
The median home cost in Vernon (zip 35592) is $108,400. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Vernon (zip 35592) is up 18.1%.
Average Age of Homes
- The median age of Vernon (zip 35592) real estate is 37 years old
The Rental Market in Vernon (zip 35592)
- Renters make up 25.9% of the Vernon (zip 35592) population
- 9.4% of houses and apartments in Vernon (zip 35592), 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.