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Affordable
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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 $140,197, lower than the Alabama average of $228,911.
The average cost of rent is $598/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. In Vernon, 33.49% of households rent, and 65.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $3,440 per month. Households that rent pay about 17.39% of their income on rent here. Vernon’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hightogy, AL: less expensive homes
- Molloy, AL: less expensive homes
- Sulligent, AL: equally priced homes
- Gattman, MS: equally priced 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: equally 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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