Vernon, TX

Vernon is a small town located in Williamson County, Texas. The population was 2,821 at the 2010 census. Vernon is known for its agricultural and ranching industries, as well as its real estate market. The town's economy has been bolstered by the growth of the nearby city of Austin and the construction of Interstate 35.

The real estate market in Vernon is characterized by a high level of demand and limited supply. The average home price in Vernon was $269,000 in January 2016, which is above the statewide average of $197,500 but below the national average of $269,900. In addition to being expensive compared to other areas in Texas, homes in Vernon are also scarce. There were only 116 homes available for sale as of January 2016, which is less than one percent of all homes for sale in Williamson County and less than one-third the number of homes available for sale in Austin. This scarcity has driven up prices and made it difficult for buyers to find a home that meets their needs.

One reason why demand for homes in Vernon is high is because many people commute to work downtown Austin or elsewhere within Williamson County. As a result, there are many people who want to live near these jobs but cannot afford to live close to downtown Austin or other major cities. In addition, many people who live in Vernon commute into Austin each day for work or school purposes. Therefore, they are interested in living near amenities such as restaurants and shopping centers that are available within walking distance from their residences.

Despite the high demand and limited supply, there have been some recent developments that could help improve conditions for buyers on the market in Vernon. For example, two new subdivisions – Stonebriar Commons and Legacy at Lakeline – have recently been developed near downtown Vernon with more planned over time.. These subdivisions will provide more housing options closer to amenities such as grocery stores and schools while still maintaining a suburban feel.. Additionally,, several large commercial projects have recently been completed or are currently under construction within close proximity to downtown Vernon including an office tower complex called Park Place II , an apartment complex called Vista Ridge ,and a hotel called The Ritz- Carlton . These projects should help increase economic activity within the area and make it easier for buyers to find properties they can afford..