35592, Vernon, AL

Vernon, Alabama is located in the southeastern corner of the state and has a population of just over 10,000. Home prices in Vernon have been on a steady rise for the past few years, reaching an all-time high of $227,500 in August 2017. The average home value in Vernon is now $236,848.

The main drivers of home prices in Vernon are strong demand and limited supply. There is a large population growth rate in the area which has led to increased demand for homes. Additionally, there are relatively few homes available for sale which has driven up prices. The limited supply of homes can be attributed to restrictions on building new homes due to environmental concerns or zoning regulations.

Despite the recent increase in home values, there are still many opportunities available to buyers in Vernon. The average list price for a home currently stands at $269,000 which is below the statewide average of $291,500. Additionally, there are still plenty of affordable options available if you are looking to purchase a home within the city limits.