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 $103,565, lower than the Michigan average of $196,062.
The average cost of rent is $676/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. While nearly 52.15% of residents own their homes outright in Vernon, 7.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $5,209 per month. Households that rent pay about 12.97% of their income on rent here. Vernon's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Durand, MI: higher priced homes
- Shiawasseetown, MI: higher priced homes
- Lennon, MI: higher priced homes
- Kerby, MI: higher priced homes
- Corunna, MI: higher priced homes
- Bancroft, MI: higher priced homes
- Juddville, MI: higher priced homes
- Gaines, MI: higher priced homes
- Owosso, MI: higher priced homes
- Byron, MI: higher priced homes
Cities with Similar Populations
- Berry, KY: higher priced homes
- Bingen, WA: higher priced homes
- Bock, MN: higher priced homes
- Braddock Hills, PA: less expensive homes
- Branch, LA: higher priced homes
- Patriot, OH: higher priced homes
- Shepardsville, MI: higher priced homes
- Scottsmoor, FL: higher priced homes
- Scenery Hill, PA: higher priced homes
- Sawyerville, AL: less expensive homes
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