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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 $108,762, lower than the Texas average of $322,096.
The average cost of rent is $898/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. In Vernon, 34.80% of households rent, and 55.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $4,911 per month. Households that rent pay about 18.28% of their income on rent here. Vernon’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lockett, TX: less expensive homes
- Tolbert, TX: equally priced homes
- Oklaunion, TX: less expensive homes
- Fargo, TX: equally priced homes
- White City, TX: equally priced homes
- Rayland, TX: equally priced homes
- Chillicothe, TX: less expensive homes
- Davidson, OK: less expensive homes
- Harrold, TX: less expensive 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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