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 $102,209, lower than the Tennessee average of $218,916.
The average cost of rent is $674/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. While nearly 37.90% of residents own their homes outright in Vernon, 31.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $3,220 per month. Households that rent pay about 20.93% of their income on rent here. Vernon's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Spot, TN: higher priced homes
- Centerville, TN: higher priced homes
- Nunnelly, TN: higher priced homes
- Graytown, TN: equally priced homes
- Coble, TN: higher priced homes
- Deans, TN: higher priced homes
- Pinewood, TN: higher priced homes
- Only, TN: higher priced homes
- Wrigley, TN: higher priced homes
- Poplar Grove, TN: higher priced homes
Cities with Similar Populations
- Osage, AR: higher priced homes
- Palo Verde, CA: less expensive homes
- Palisades, WA: higher priced homes
- Pageton, WV: less expensive homes
- Paden, MS: equally priced homes
- Paces, VA: higher priced homes
- Oshawa, MN: higher priced homes
- Osborn, AL: less expensive homes
- Panco, KY: less expensive homes
- Oran, NY: higher priced homes
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