The housing market in Vernon, IL (62892) is strong with a median house value of $108,800. This value is significantly lower than the US median of $338,100 and shows great potential for appreciation. In the past year, the appreciation rate for homes in Vernon was 18.28%, which is substantially higher than the national average of 8.27%. Therefore, individuals looking to invest in real estate or buy a home should consider Vernon as a viable option.
The median home cost in Vernon (zip 62892) is $108,800. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Vernon (zip 62892) is up 11.3%.
Average Age of Homes
- The median age of Vernon (zip 62892) real estate is 45 years old
The Rental Market in Vernon (zip 62892)
- Renters make up 5.6% of the Vernon (zip 62892) population
- 0.0% of houses and apartments in Vernon (zip 62892), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.