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North Vernon

Learn about the people, housing, costs and businesses in North Vernon, Indiana

Median Home$142,820
Median Rent$974/month
Population6,798
Leading IndustriesRetail · Professional Services · Education30% retail
Home Value Growth+8.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners68% of occupied units
North Vernon
IN

Frequently Asked Questions

What are today's mortgage rates in North Vernon?

As of today, the 30-year fixed mortgage rate for North Vernon is approximately 6.993% (7.036% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in North Vernon?

The median home value in North Vernon is $143k. The median monthly rent is $974. Annual property taxes average $864. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Vernon?

Home values in North Vernon have increased 8.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in North Vernon?

Based on a typical all-in ownership cost of $939/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Vernon is $60k/year.

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What industries drive the economy in North Vernon?

The largest employment sectors in North Vernon are retail (30%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.