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Vernon

Learn about the people, housing, costs and businesses in Vernon, Arizona

Median Home$319,600
Median Rent$941/month
Population138
Leading IndustriesConstruction · Agriculture & Mining · Public Administration14% construction
Home Value Growth-1.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners85% of occupied units
Vernon
AZ

Frequently Asked Questions

What are today's mortgage rates in Vernon?

As of today, the 30-year fixed mortgage rate for Vernon is approximately 7.026% (7.067% 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 Vernon?

The median home value in Vernon is $320k. The median monthly rent is $941. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vernon?

Home values in Vernon have decreased 1.6% over the past two years. Buyers may find more negotiating room in this market. 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 Vernon?

Based on a typical all-in ownership cost of $736/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vernon is $77k/year.

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What industries drive the economy in Vernon?

The largest employment sectors in Vernon are public administration (28%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.