Market Overview
Home Prices in Vernon, IL
The median home value in Vernon, IL is $165,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% compared to a year ago and down 8.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Vernon are priced60% below average. Vernon is part of the Centralia, IL metro area.
Over the past five years, Vernon home values have risen by approximately12.9%, reflecting steady appreciation in this market.
Price History
Vernon Home Price Trend
2020
$136,688
$137K
—
2021
$146,787
$147K
+7.4%
2022
$175,640
$176K
+19.7%
2023
$170,507
$171K
-2.9%
2024
$163,870
$164K
-3.9%
2025
$149,653
$150K
-8.7%
2026
$165,758
$166K
+10.8%
City Comparison
Vernon vs. National Median
🏠 Vernon
$165,758
National Median
$410,000
At $165,758, homes in Vernon cost 60% below the national median of $410,000. This makes Vernon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Vernon?
20% Down Payment
$33,152
on $165,758
Monthly P&I
$864/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,097/mo
incl. taxes & insurance
Income Needed
$43,880
gross annual (30% rule)
10% Down Option
$16,576
+ PMI applies
Loan Amount (20% dn)
$132,606
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Vernon, IL?
The median home value in Vernon is $165,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Vernon?
Over the past year, home values in Vernon have increased by 10.8%. Over five years, prices have risen approximately 12.9%.
How much do I need to earn to buy a home in Vernon?
To comfortably afford the median home price of $165,758 with a 20% down payment ($33,152) at today's rates (6.8%), you'd need a gross annual income of approximately $43,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Vernon compare to the national average home price?
The national median home value is approximately $410,000. At $165,758, homes in Vernon are 60% below the national average.
What metro area is Vernon part of?
Vernon is part of the Centralia, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.