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 $168,050, lower than the Tennessee average of $315,131.
The average cost of rent is $891/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. In Vernon, 27.77% of households rent, and 55.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $4,433 per month. Households that rent pay about 20.09% of their income on rent here. Vernon’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spot, TN: less expensive homes
- Centerville, TN: higher priced homes
- Nunnelly, TN: higher priced homes
- Graytown, TN: higher priced homes
- Coble, TN: higher priced homes
- Deans, TN: higher priced homes
- Pinewood, TN: higher priced homes
- Only, TN: less expensive homes
- Wrigley, TN: higher priced homes
- Poplar Grove, TN: higher priced homes
Cities with Similar Populations
- Osage, AR: less expensive homes
- Palo Verde, CA: higher priced homes
- Palisades, WA: higher priced homes
- Pageton, WV: less expensive homes
- Paden, MS: less expensive homes
- Paces, VA: less expensive homes
- Oshawa, MN: higher priced homes
- Osborn, AL: equally priced homes
- Panco, KY: less expensive homes
- Oran, NY: higher priced homes
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