Zip 07462 (Vernon, NJ) Housing

Vernon, NJ (07462) has a median housing value of $251,100, compared to the US median housing value of $338,100. Although not as high as the national average, Vernon's 1 year house appreciation rate is 7.56%, only slightly lower than the US average of 8.27%. This indicates that house prices in Vernon are experiencing steady growth due to increasing demand from potential buyers. The data suggests an overall positive outlook for housing in Vernon in the near future.

The median home cost in Vernon (zip 07462) is $251,100. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Vernon (zip 07462) is up 12.7%.

Average Age of Homes

- The median age of Vernon (zip 07462) real estate is 35 years old

The Rental Market in Vernon (zip 07462)

- Renters make up 26.4% of the Vernon (zip 07462) population
- 2.7% of houses and apartments in Vernon (zip 07462), 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, New Jersey	United States
	3,453.0	139,647,020.0
	39	42
	$251,100	$338,100
	12.7%	16.6%
	39.2%	57.0%
	51.6%	101.1%
	$28.74	$10.98
	$6,067	$2,690
	65.0%	57.4%
	16.9%	11.2%
	18.1%	31.4%
Vacant Housing
	2.7%	1.9%
	0.0%	0.4%
	4.0%	0.7%
	0.8%	0.4%
	6.2%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	1.0%	2.4%
	4.3%	2.8%
	1.9%	3.9%
	5.4%	4.5%
	15.0%	11.3%
	16.7%	13.0%
	33.7%	20.1%
	14.5%	13.6%
	5.1%	8.3%
	1.9%	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%
	7.4%	13.6%
	7.4%	13.6%
	8.7%	13.6%
	39.2%	13.2%
	23.0%	14.8%
	8.7%	13.6%
	5.5%	10.0%
	0.6%	4.7%
	3.2%	12.2%

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