76384, Vernon, TX

Home Equity and Home Prices in the 76384 Zip Code of Vernon, TX

The 76384 zip code of Vernon, TX has a median home value of $101,000. This is significantly lower than the statewide median home value of $217,500. The average home value in this zip code is also much lower than the national average home value of $213,700.

There are a number of factors that may contribute to the low home values in this zip code. One reason may be that there are a large number of homes that were built prior to 2000. These homes typically have lower appraisals and are less likely to sell for a high price. Additionally, many homeowners in this area are underwater on their mortgages and may be struggling to pay their bills. As a result, they may be less likely to sell their homes at a high price or refinance into a more affordable loan option.

Despite the low home values in this zip code, there is still some demand for properties here. This is likely due to the close proximity to major cities such as Dallas and Fort Worth as well as the availability of jobs and other amenities within commuting distance. If you are looking for property in this area, it may be worth considering looking at properties that have been recently sold or listed for sale by sellers who are willing to negotiate on price