Market Overview
Home Prices in Vernon, TX
The median home value in Vernon, TX is $106,024 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and down 13.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Vernon are priced74% below average. Vernon is part of the Vernon, TX metro area.
Over the past five years, Vernon home values have fallen by approximately7.7%, reflecting softening conditions in this market.
Price History
Vernon Home Price Trend
2020
$105,184
$105K
—
2021
$114,835
$115K
+9.2%
2022
$129,532
$130K
+12.8%
2023
$126,419
$126K
-2.4%
2024
$120,018
$120K
-5.1%
2025
$104,034
$104K
-13.3%
2026
$106,024
$106K
+1.9%
City Comparison
Vernon vs. National Median
🏠 Vernon
$106,024
National Median
$410,000
At $106,024, homes in Vernon cost 74% 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
$21,205
on $106,024
Monthly P&I
$553/mo
30-yr @ 6.8%
Total Monthly Est.
~$702/mo
incl. taxes & insurance
Income Needed
$28,080
gross annual (30% rule)
10% Down Option
$10,602
+ PMI applies
Loan Amount (20% dn)
$84,819
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, TX?
The median home value in Vernon is $106,024 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Vernon?
Over the past year, home values in Vernon have increased by 1.9%. Over five years, prices have fallen approximately 7.7%.
How much do I need to earn to buy a home in Vernon?
To comfortably afford the median home price of $106,024 with a 20% down payment ($21,205) at today's rates (6.8%), you'd need a gross annual income of approximately $28,080. 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 $106,024, homes in Vernon are 74% below the national average.
What metro area is Vernon part of?
Vernon is part of the Vernon, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.