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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 $368,280, lower than the Utah average of $525,914.
The average cost of rent is $1,299/mo in Vernon, primarily driven by the current value of real estate in the Vernon area. In Vernon, 22.21% of households rent, and 52.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon is $7,795 per month. Households that rent pay about 16.67% of their income on rent here. Vernon’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rush Valley, UT: equally priced homes
- Dugway, UT: less expensive homes
- Eureka, UT: less expensive homes
- Terra, UT: less expensive homes
- Fairfield, UT: higher priced homes
- Cedar Valley, UT: higher priced homes
- Ophir, UT: higher priced homes
- Cedar Fort, UT: higher priced homes
- Stockton, UT: higher priced homes
- Elberta, UT: less expensive homes
Cities with Similar Populations
- Mooresville, WV: less expensive homes
- Minortown, CT: higher priced homes
- Mission, DE: less expensive homes
- Mitchell, OR: equally priced homes
- Moccasin, IL: less expensive homes
- Mohawk Hill, NY: less expensive homes
- Moko, AR: less expensive homes
- Molina, CO: higher priced homes
- Monero, NM: less expensive homes
- Monterey, NE: less expensive homes
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