Vernon, IN Foreclosures
How much do homes sell for in Vernon, IN?
The average home price is currently $341,075.
In Vernon, IN, how many homes are available?
There are currently 119 active home listings available in Vernon.
What’s the average rental cost in Vernon, IN?
The average rental price in Vernon is $953.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $34,113,452.
What is currently the cheapest priced home in Vernon, IN?
The cheapest home for sale in Vernon is priced at $26,183.
Living in Vernon, IN
Vernon, Indiana, is a quaint and welcoming community known for its rich history and beautiful landscapes. With a population that values closeness and community spirit, Vernon offers various outdoor activities and local amenities, making it perfect for families and retirees. Residents enjoy affordable living and a slower pace, with access to essential services and recreational activities.
Current Market Conditions in Vernon, IN
The real estate market in Vernon is currently favorable for both buyers and sellers, with stable home prices and a modest increase in demand. Given the town's appeal for families and retirees, residential properties have remained in high demand, leading to a slight decrease in the average time homes spend on the market. Timing your purchase or investment during this period could lead to beneficial returns in the long term.
Recent trends indicate a steady rise in home prices, driven by the growing interest from new families relocating to the area and potential investors spotting opportunities in this serene town. The market, while stable, is showing signs of becoming increasingly competitive as inventory levels continue to drop.
Home Value Estimator For Vernon, IN
There are currently 184 real estate properties
in Vernon, IN,
with a median automated valuation model (AVM) price
of $152,225.00. 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, IN, 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, IN,
is $341,075.00, with the most expensive house
in Vernon, IN, topping out
at $34,113,452.00 and the cheapest home
in Vernon, IN,
clocking in at $26,183.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vernon, IN!
Rent Prices
In Vernon, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vernon, IN, is on
a rollercoaster ride. The
average rent price in Vernon, IN,
is $953.00. Indeed, when looking to rent in
Vernon, IN, you can expect to pay as little
as $580.00 or as much
as $1,500.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Vernon, IN
-- 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
