Vernon, TX—76384
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vernon, TX
As of Oct '25, the median home price in Vernon, TX is $90,000, with a year-over-year change of -12.2%. This indicates that home prices in Vernon, TX are decreasing. According to Zillow, the 1-year price projection is -3.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $90,000 | -12.2% |
| Single Family | $90,000 | -10.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Vernon, TX
As of July '25, Rentcast reports the average rent in Vernon, TX is $863, with a year-over-year rent change of 72.6%. Per bedroom, the median rent as of July '25 in Vernon, TX is 2-bedrooms: $863. The most common rental property sizes in Vernon, TX are 2-bedroom and 1-bedroom, accounting for 52.1% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $863 | $863 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $863 | $863 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Vernon, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Vernon, TX is 89. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 39.0% |
Listing Count | 40 | 40.0% |
| Listings as % of Homes | 0.7% | 40.0% |
Days on Market | 89 | 48.0% |
Demographics — Vernon, TX
As of the latest ACS Survey released in 2023, Vernon, TX has a population of 12,200, which has remained stable by -0.4% over the past 5 years. Vernon, TX is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -0.4% |
% Under 18 | 22.5% | 0.0% |
% Seniors | 18.9% | 5.6% |
% WFH | 3.1% | 138.5% |
% w/ College Degree | 17.0% | 4.9% |
As of the latest ACS Survey released in 2023, Vernon, TX is a predominantly white area, with 54.5% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Vernon, TX is hispanic, making up 30.5% of the population. Foreign-born residents account for 5.4% of the population in Vernon, TX, and this percentage has increased by 17.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.5% | -4.4% |
% Black | 6.4% | -37.3% |
% Hispanic | 30.5% | 1.3% |
% Asian | 3.0% | 328.6% |
% Foreign Born | 5.4% | 17.4% |
Mortgage and Risk — Vernon, TX
According to HUD data as of 2023, there were 136 mortgage originations in Vernon, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Vernon, TX. Investor activity is high, as 18.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 136 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 18.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Vernon, TX
Vernon, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 298 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 59.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $67 | $863 | $930 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Vernon, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $90,000 |
| Median Household Income | $51,600 |