The housing market in 85940 Vernon, AZ is thriving with a median value of $340,300. This is slightly higher than the US house median value of $338,100 and reflects the growing demand for housing in this area. Furthermore, the one year house appreciation rate for 85940 Vernon, AZ is 14.29%, significantly higher than the national average of 8.27%. Therefore, investing in the housing market in this area can potentially yield high returns in a short period of time.
The median home cost in Vernon (zip 85940) is $340,300. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Vernon (zip 85940) is up 18.9%.
Average Age of Homes
- The median age of Vernon (zip 85940) real estate is 23 years old
The Rental Market in Vernon (zip 85940)
- Renters make up 3.5% of the Vernon (zip 85940) population
- 0.0% of houses and apartments in Vernon (zip 85940), 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.