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 $84,160, lower than the Texas average of $235,268.
The average cost of rent is $705/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. While nearly 57.01% of residents own their homes outright in Vernon, 39.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $4,226 per month. Households that rent pay about 16.67% of their income on rent here. Vernon's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lockett, TX: higher priced homes
- Tolbert, TX: higher priced homes
- Oklaunion, TX: higher priced homes
- Fargo, TX: higher priced homes
- White City, TX: higher priced homes
- Rayland, TX: higher priced homes
- Chillicothe, TX: less expensive homes
- Davidson, OK: less expensive homes
- Harrold, TX: higher priced homes
- Medicine Mound, TX: higher priced homes
Cities with Similar Populations
- Fort Bliss, TX: higher priced homes
- Frostburg, MD: higher priced homes
- Freeport, TX: higher priced homes
- Freeland, MI: higher priced homes
- Fredonia, NY: higher priced homes
- Franklin, VA: higher priced homes
- Franklin Lakes, NJ: higher priced homes
- Fox Lake, IL: higher priced homes
- Fort Sill, OK: higher priced homes
- Fort Oglethorpe, GA: higher priced homes
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