Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Vernon area can be challenging. Home prices in Vernon are now at a median cost of $118,621, lower than the Alabama average of $185,232.
The average cost of rent is $474/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. While nearly 67.95% of residents own their homes outright in Vernon, 44.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $3,002 per month. Households that rent pay about 15.79% of their income on rent here. Vernon's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hightogy, AL: equally priced homes
- Molloy, AL: less expensive homes
- Sulligent, AL: less expensive homes
- Gattman, MS: less expensive homes
- Belk, AL: less expensive homes
- Cedar Hill, AL: higher priced homes
- Caledonia, MS: higher priced homes
- Fayette, AL: equally priced homes
- Hamilton, MS: less expensive homes
- Hubbertville, AL: less expensive homes
Cities with Similar Populations
- Brentwood, MD: higher priced homes
- Broken Bow, NE: equally priced homes
- Shannondale, WV: higher priced homes
- Arthur, IL: higher priced homes
- Keeseville, NY: higher priced homes
- Le Roy, IL: higher priced homes
- Mesilla Park, NM: higher priced homes
- Northlake, SC: higher priced homes
- Ostrander, OH: higher priced homes
- Saddle River, NJ: higher priced homes
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