Market Overview
Home Prices in North Vernon, IN
The median home value in North Vernon, IN is $217,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Vernon are priced47% below average. North Vernon is part of the North Vernon, IN metro area.
Over the past five years, North Vernon home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
North Vernon Home Price Trend
City Comparison
North Vernon vs. National Median
At $217,900, homes in North Vernon cost 47% below the national median of $410,000. This makes North Vernon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Vernon?
20% Down Payment
$43,580
on $217,900
Monthly P&I
$1,136/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,443/mo
incl. taxes & insurance
Income Needed
$57,720
gross annual (30% rule)
10% Down Option
$21,790
+ PMI applies
Loan Amount (20% dn)
$174,320
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 North Vernon, IN?
The median home value in North Vernon is $217,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in North Vernon?
Over the past year, home values in North Vernon have increased by 7.6%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in North Vernon?
To comfortably afford the median home price of $217,900 with a 20% down payment ($43,580) at today's rates (6.8%), you'd need a gross annual income of approximately $57,720. This assumes keeping total housing costs at or below 30% of gross income.
How does North Vernon compare to the national average home price?
The national median home value is approximately $410,000. At $217,900, homes in North Vernon are 47% below the national average.
What metro area is North Vernon part of?
North Vernon is part of the North Vernon, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.