Vernon, IL Foreclosures
How much do homes sell for in Vernon, IL?
The average home price is currently $97,488.
In Vernon, IL, how many homes are available?
There are currently 143 active home listings available in Vernon.
What’s the average rental cost in Vernon, IL?
The average rental price in Vernon is $859.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $407,117.
What is currently the cheapest priced home in Vernon, IL?
The cheapest home for sale in Vernon is priced at $7,880.
Living in Vernon, IL
Vernon, located in Illinois, is a charming village known for its picturesque landscapes and close-knit community. It offers a peaceful rural atmosphere with easy access to urban amenities in nearby towns. Residents enjoy various outdoor activities and excellent local schools, making it an ideal location for families and those looking for a quieter lifestyle.
Current Market Conditions in Vernon, IL
The real estate market in Vernon, IL is currently favorable for both buyers and sellers. The demand for homes in the area has shown steady growth, with families seeking out the community for its peaceful environment and strong educational options. Prices have remained competitive, making it an attractive market for new homeowners looking to invest in a rising location.
Recent trends indicate that properties in Vernon are experiencing increased appreciation. As more people discover the advantages of rural living while still being close to urban amenities, the real estate demand is expected to continue to grow. Sellers are seeing a good return on their investments, while buyers have access to a variety of home options.
Home Value Estimator For Vernon, IL
There are currently 93 real estate properties
in Vernon, IL,
with a median automated valuation model (AVM) price
of $74,861.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Vernon, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Vernon, IL,
is $97,488.00, with the most expensive house
in Vernon, IL, topping out
at $407,117.00 and the cheapest home
in Vernon, IL,
clocking in at $7,880.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vernon, IL!
Rent Prices
In Vernon, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vernon, IL, is on
a rollercoaster ride. The
average rent price in Vernon, IL,
is $859.00. Indeed, when looking to rent in
Vernon, IL, you can expect to pay as little
as $480.00 or as much
as $1,870.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Vernon, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
