Expensive
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 $159,418, lower than the Indiana average of $232,932.
The average cost of rent is $1,018/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. In Vernon, 38.69% of households rent, and 23.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $6,034 per month. Households that rent pay about 16.87% of their income on rent here. Vernon’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Vernon, IN: equally priced homes
- Grayford, IN: equally priced homes
- Hayden, IN: higher priced homes
- Lovett, IN: higher priced homes
- Walnut Ridge, IN: equally priced homes
- San Jacinto, IN: equally priced homes
- Queensville, IN: less expensive homes
- Butlerville, IN: higher priced homes
- Commiskey, IN: higher priced homes
- Scipio, IN: higher priced homes
Cities with Similar Populations
- Ruble, IA: higher priced homes
- New Buena Vista, PA: equally priced homes
- New Elizabethtown, IN: higher priced homes
- New Harmony, TN: less expensive homes
- Roads, OH: equally priced homes
- Romeroville, NM: higher priced homes
- Rose Lake, ID: higher priced homes
- Rosemary, MS: higher priced homes
- Roseville, AR: less expensive homes
- Rosine, KY: less expensive homes
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