North Vernon, IN—47265
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Vernon, IN
As of Oct '25, the median home price in North Vernon, IN is $207,000, with a year-over-year change of 4.4%. This indicates that home prices in North Vernon, IN are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 4.4% |
| Single Family | $207,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $146,000 | 5.8% |
3 Bed | $212,000 | 5.0% |
4 Bed | $275,000 | 4.2% |
| 5 Bed | $342,000 | 3.6% |
% of Housing Stock
Rental Trends — North Vernon, IN
As of July '25, Rentcast reports the average rent in North Vernon, IN is $1,000, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in North Vernon, IN is 1-bedrooms: $798, 2-bedrooms: $973, 3-bedrooms: $1,360. The most common rental property sizes in North Vernon, IN are 2-bedroom and 3-bedroom, accounting for 46.0% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $798 |
| 2 Bed Rent | $900 | $973 |
| 3 Bed Rent | $1,100 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Vernon, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Vernon, IN is 37. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -9.0% |
Listing Count | 63 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 37 | 1.0% |
Demographics — North Vernon, IN
As of the latest ACS Survey released in 2023, North Vernon, IN has a population of 21,000, which has increased by 2.5% over the past 5 years. North Vernon, IN is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | 2.5% |
% Under 18 | 24.2% | 3.0% |
% Seniors | 15.8% | 3.9% |
% WFH | 4.4% | 100.0% |
% w/ College Degree | 14.4% | 33.3% |
As of the latest ACS Survey released in 2023, North Vernon, IN is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in North Vernon, IN is hispanic, making up 4.2% of the population. Foreign-born residents account for 1.5% of the population in North Vernon, IN, and this percentage has decreased by 16.7% 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 | 92.4% | -1.4% |
% Black | 0.7% | -53.3% |
% Hispanic | 4.2% | 40.0% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 1.5% | -16.7% |
Mortgage and Risk — North Vernon, IN
According to HUD data as of 2023, there were 467 mortgage originations in North Vernon, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in North Vernon, IN. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 467 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — North Vernon, IN
North Vernon, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $795 | $720 |
| 2 Bedroom | $40 | $900 | $940 |
| 3 Bedroom | $220 | $1,100 | $1,320 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — North Vernon, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $207,000 |
| Median Household Income | $65,900 |