Vernon, NY—13476
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vernon, NY
As of Oct '25, the median home price in Vernon, NY is $244,000, with a year-over-year change of 6.2%. This indicates that home prices in Vernon, NY are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 6.2% |
| Single Family | $244,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 4.1% |
3 Bed | $246,000 | 6.0% |
4 Bed | $272,000 | 6.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Vernon, NY
As of July '25, Rentcast reports the average rent in Vernon, NY is $3,000, with a year-over-year rent change of 287.1%. Per bedroom, the median rent as of July '25 in Vernon, NY is 3-bedrooms: $3,000. The most common rental property sizes in Vernon, NY are 2-bedroom and 1-bedroom, accounting for 44.5% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Vernon, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Vernon, NY is 115. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -57.0% |
Listing Count | 10 | -14.0% |
| Listings as % of Homes | 1.1% | -14.0% |
Days on Market | 115 | -11.0% |
Demographics — Vernon, NY
As of the latest ACS Survey released in 2023, Vernon, NY has a population of 2,540, which has decreased by -32.0% over the past 5 years. Vernon, NY is a less popular place for families, as children make up 14.4% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,540 | -32.0% |
% Under 18 | 14.4% | -38.2% |
% Seniors | 22.1% | 51.4% |
% WFH | 13.5% | 419.2% |
% w/ College Degree | 18.3% | -19.0% |
As of the latest ACS Survey released in 2023, Vernon, NY is a predominantly white area, with 93.3% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Vernon, NY is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.0% of the population in Vernon, NY, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.3% | 1.2% |
% Black | 2.0% | 5.3% |
% Hispanic | 2.3% | -42.5% |
% Asian | 0.7% | -41.7% |
% Foreign Born | 2.0% | -20.0% |
Mortgage and Risk — Vernon, NY
According to HUD data as of 2023, there were 84 mortgage originations in Vernon, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Vernon, NY. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Vernon, NY
Vernon, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | -$1,610 | $3,000 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Vernon, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $244,000 |
| Median Household Income | $63,500 |