Vernon, NJ Foreclosures
How much do homes sell for in Vernon, NJ?
The average home price is currently $315,130.
What’s the average rental cost in Vernon, NJ?
The average rental price in Vernon is $1,835.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $3,686,640.
What is currently the cheapest priced home in Vernon, NJ?
The cheapest home for sale in Vernon is priced at $31,616.
Living in Vernon, NJ
Vernon, located in the scenic Sussex County of New Jersey, is well-known for its beautiful landscapes, outdoor recreational activities, and close-knit community atmosphere. With the picturesque backdrop of the Vernon Valley, residents enjoy access to numerous parks, lakes, and ski resorts. The town offers a unique blend of suburban living with a hint of rural charm, making it an attractive destination for families and outdoor enthusiasts alike.
Current Market Conditions in Vernon, NJ
The real estate market in Vernon, NJ, has seen a steady increase in home values over the past year due to its attractive suburban lifestyle and proximity to outdoor activities. Many buyers are seeking homes with larger lots and access to nature, leading to a competitive market, particularly for single-family homes and townhouses.
The demand for properties in Vernon has resulted in a decrease in available inventory, prompting home prices to rise. As of the latest reports, homes are selling more quickly, and buyers are often competing with multiple offers, particularly in desirable neighborhoods close to schools and parks.
Home Value Estimator For Vernon, NJ
There are currently 3,592 real estate properties
in Vernon, NJ,
with a median automated valuation model (AVM) price
of $279,929.00. 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, NJ, 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, NJ,
is $315,130.00, with the most expensive house
in Vernon, NJ, topping out
at $3,686,640.00 and the cheapest home
in Vernon, NJ,
clocking in at $31,616.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vernon, NJ!
Rent Prices
In Vernon, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vernon, NJ, is on
a rollercoaster ride. The
average rent price in Vernon, NJ,
is $1,835.00. Indeed, when looking to rent in
Vernon, NJ, you can expect to pay as little
as $1,120.00 or as much
as $3,690.00,
with the average rent median estimated to
be $1,870.00. The good news is that finding
an affordable and desirable property to rent in Vernon, NJ
-- 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
