Vernon, MI Foreclosures
How much do homes sell for in Vernon, MI?
The average home price is currently $162,498.
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 $476,187.
What is currently the cheapest priced home in Vernon, MI?
The cheapest home for sale in Vernon is priced at $27,311.
Living in Vernon, MI
Vernon, MI is a quaint rural community known for its friendly residents and scenic landscapes. It offers a peaceful lifestyle with access to outdoor activities and local amenities. The town is family-friendly and is served by several well-regarded schools, making it an attractive option for families.
Current Market Conditions in Vernon, MI
The real estate market in Vernon, MI has seen a steady increase in demand over the past year, with a notable rise in home values. The affordability of homes compared to larger cities nearby makes Vernon an attractive location for first-time homeowners and those looking for a quieter lifestyle away from the hustle and bustle of urban living.
Inventory levels have been low, contributing to competitive bidding situations for desirable properties, especially single-family homes. As remote work becomes more common, Vernon has attracted new residents seeking a peaceful home environment while still being within commuting distance of larger job markets.
Home Value Estimator For Vernon, MI
There are currently 303 real estate properties
in Vernon, MI,
with a median automated valuation model (AVM) price
of $164,980.00. 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 $162,498.00, with the most expensive house
in Vernon, MI, topping out
at $476,187.00 and the cheapest home
in Vernon, MI,
clocking in at $27,311.00. 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.
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