Vernon, MI Foreclosures
How much do homes sell for in Vernon, MI?
The average home price is currently $160,499.
What’s the average rental cost in Vernon, MI?
The average rental price in Vernon is $1,273.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $458,627.
What is currently the cheapest priced home in Vernon, MI?
The cheapest home for sale in Vernon is priced at $25,852.
Living in Vernon, MI
Vernon, MI is a charming rural town in Shiawassee County offering a peaceful lifestyle. Surrounded by beautiful countryside, the town provides ample outdoor recreation opportunities and access to nearby urban amenities. Residents can enjoy quality education and a close-knit community atmosphere.
Current Market Conditions in Vernon, MI
The real estate market in Vernon, MI, is currently experiencing steady interest from buyers seeking affordable homes in relaxed rural settings. The area has become appealing to families and retirees looking for a tranquil lifestyle away from busy urban environments. Homes tend to sell relatively quickly, with price stability seen throughout many neighborhoods.
There has been a noticeable uptick in home renovation projects, indicating increased homeowner investment in existing properties. New listings have also increased this year, leading to a diverse selection of homes available, catering to various buyer needs.
Home Value Estimator For Vernon, MI
There are currently 322 real estate properties
in Vernon, MI,
with a median automated valuation model (AVM) price
of $161,019.00. 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, MI, 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, MI,
is $160,499.00, with the most expensive house
in Vernon, MI, topping out
at $458,627.00 and the cheapest home
in Vernon, MI,
clocking in at $25,852.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vernon, MI!
Rent Prices
In Vernon, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vernon, MI, is on
a rollercoaster ride. The
average rent price in Vernon, MI,
is $1,273.00. Indeed, when looking to rent in
Vernon, MI, you can expect to pay as little
as $990.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Vernon, MI
-- 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
