Town of Vernon Home Prices & Values

$105,300 Zillow Home Value Index What's This?  
Close

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

  • -4.1% 1-year change
  • -1.2% 1-year forecast

The median home value in Town of Vernon is $105,300. Town of Vernon home values have declined -4.1% over the past year and Zillow predicts they will fall -1.2% within the next year. The median price of homes currently listed in Town of Vernon is $154,900.

Foreclosures will be a factor impacting home values in the next several years. In Town of Vernon 11.4 homes are foreclosed (per 10,000). This is greater than the Utica Metro value of 0.9 and also greater than the national value of 4.8

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 8.9%, which is higher than the national value of 7.2%. 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 14.2%, which is lower than Utica Metro at 14.3%.

more
Relative ZHVI
- +

Town of Vernon Market Overview

Data through May 31, 2014
  • $105,300 ZHVI
  • -1.2% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $154,900 Median listing price
  • No data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Town of Vernon Market Health

Data through May 31, 2014
  • 2.1/10 Less healthy What's This?  
    Close

    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.

  • No data Average of days on Zillow
  • 14.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 8.9% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

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

Listings & Sales

Data through May 31, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.0% Listings with price cut
36.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Town of Vernon Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,398 Town of Vernon
$1,376 Utica Metro
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading