Home Values

Town of Vernon Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$115,400

  • 2.5% 1-year change
  • 0.8% 1-year forecast

The median home value in Town of Vernon is $115,400. Town of Vernon home values have gone up 2.5% over the past year and Zillow predicts they will rise 0.8% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Town of Vernon 25.6 homes are foreclosed (per 10,000). This is greater than the Utica Metro value of 4.5 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Vernon is 9.5%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Vernon homeowners underwater on their mortgage is 11.9%, which is lower than Utica Metro at 16.0%.

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Relative ZHVI
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Town of Vernon Market Overview

Data through Apr 30, 2015
  • $115,400 ZHVI
  • 0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Town of Vernon Market Health

Data through Apr 30, 2015
  • 4.6/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 11.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 9.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

25.6 homes(Mar 31, 2014) Town of Vernon
4.5 homes Utica Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Clinton $149,500
Kirkland $146,000
Town of Madison $135,000
Name Median ZHVI
Sherrill $123,200
Westmoreland $118,300
Marshall $112,700
Name Median ZHVI
Oneida $95,700
Verona $94,900
Rome $74,300

Listings & Sales

  • No data
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Town of Vernon Rentals

Data through Apr 30, 2015
  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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