Vernon Real Estate
2 active listings · 14 sold in the past 12mo
$295,450
Median List Price
14
Sold (past 12mo)
59
Avg Days on Market
-15.1%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(2)
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For Sale
1/50
$295,900
218 E Main Street, Vernon, MI 48476
4 bd1 ba0.21 ac
Single Family
For Sale
1/12
$295,000
310 E Main Street, Vernon, MI 48476
8 bd7 ba5,064 sqft0.33 ac
Single Family
Recently Sold(14)
| Address | Sold Price | Date Sold |
|---|---|---|
| 419 E Water Street, Vernon, MI 48476 | $177,000 | May 25, 2026 |
| 253 Leaver Street, Vernon, MI 48476 | $215,000 | May 12, 2026 |
| 227 N Walnut Street, Vernon, MI 48476 | $170,000 | Apr 1, 2026 |
| 200 N Walnut Street, Vernon, MI 48476 | $42,000 | Mar 25, 2026 |
| 211 N Maple Street, Vernon, MI 48476 | $164,900 | Mar 12, 2026 |
| 315 E Main Street, Vernon, MI 48476 | $233,000 | Dec 2, 2025 |
| 7871 E M 71, Vernon, MI 48429 | $180,000 | Nov 25, 2025 |
| 235 Leaver Street, Vernon, MI 48476 | $165,000 | Nov 13, 2025 |
| 295 Leaver Street, Vernon, MI 48476 | $179,000 | Sep 16, 2025 |
| 437 E Main Street, Vernon, MI 48476 | $230,000 | Sep 14, 2025 |
| 301 Leaver Street, Vernon, MI 48476 | $153,000 | Sep 9, 2025 |
| 212 SUNNYBROOKE Drive, Vernon, MI 48476 | $165,000 | Jul 20, 2025 |
| 140 E Main Street, Vernon, MI 48476 | $144,500 | Jul 1, 2025 |
| 425 E Elm Street, Vernon, MI 48476 | $226,000 | Jun 12, 2025 |
Frequently Asked Questions about Vernon
How many homes are for sale in Vernon?
There are currently 2 active listings in Vernon. The median asking price is $295,450.
What are home prices like in Vernon?
Homes in Vernon sell for a median of $295,450, drawn from 14 transactions over the past year.
What is the average days on market in Vernon?
The average days on market in Vernon is 59, based on 14 recent transactions.
Which school districts cover Vernon?
Vernon is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Vernon may be zoned for different districts. Check individual listings for the specific school district assignment.
How competitive is the Vernon real estate market?
With 1.7 months of inventory, Vernon is currently a seller's market. This is based on 2 active listings and 14 sales in the past 12 months.
How are property taxes calculated in Vernon?
Michigan property taxes in Vernon are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Vernon?
Per U.S. Census ACS data, Vernon has a -15.1% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 16.0%, outpacing the effect of shrinking household sizes (2.59 to 2.56). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.