Zip 48476 (Vernon, MI) Housing

The housing market in 48476 Vernon, MI is doing well compared to the national median value. The median value of homes in the area is $138,800 which is much lower than the US median of $338,100. In addition, the 1 year house appreciation rate in 48476 Vernon, MI is 6.41% which is slightly lower than the US average of 8.27%. This slower growth rate could provide a great opportunity for prospective home buyers or investors looking to purchase or invest in property in this area.

The median home cost in Vernon (zip 48476) is $138,800. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Vernon (zip 48476) is up 12.8%.

Average Age of Homes

- The median age of Vernon (zip 48476) real estate is 63 years old

The Rental Market in Vernon (zip 48476)

- Renters make up 23.6% of the Vernon (zip 48476) population
- 2.9% of houses and apartments in Vernon (zip 48476), 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, Michigan	United States
	243.0	139,647,020.0
	53	42
	$138,800	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$13.81	$10.98
	$1,707	$2,690
	83.1%	57.4%
	15.6%	11.2%
	1.2%	31.4%
Vacant Housing
	2.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.9%	0.4%
	0.0%	3.6%
	9.9%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.0%	2.4%
	2.5%	2.8%
	13.9%	3.9%
	41.1%	4.5%
	26.7%	11.3%
	10.4%	13.0%
	2.0%	20.1%
	1.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.1%	13.6%
	2.1%	13.6%
	0.0%	13.6%
	0.0%	13.2%
	16.5%	14.8%
	0.0%	13.6%
	16.9%	10.0%
	4.9%	4.7%
	52.7%	12.2%

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