North Vernon, IN Metro Area - Investment Guide
Metro Area • 6 Cities • 6 ZIP Codes
Avg Home Value
$225,429
Avg Monthly Rent
$920
Avg Cap Rate
3.31%
Avg Investability
3.0 ★
Cities
6
ZIP Codes
6
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
North Vernon, IN Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
9.5%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in North Vernon, IN
Every ZIP in the metro, ranked four ways. Free.
Cities in North Vernon, IN
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 47282 | Vernon | IN | $151,911 | $864 | 4.44% | |
| 47227 | Commiskey | IN | $256,291 | $864 | 2.63% | |
| 47265 | North Vernon | IN | $206,725 | $873 | 3.29% | |
| 47270 | Paris Crossing | IN | $229,095 | $891 | 3.03% | |
| 47273 | Scipio | IN | $248,468 | $1,035 | 3.25% | |
| 47282 | Vernon | IN | $138,357 | $864 | 4.87% | |
| 47223 | Butlerville | IN | $209,836 | $918 | 3.41% | |
| 47227 | Commiskey | IN | $269,659 | $864 | 2.50% | |
| 47265 | North Vernon | IN | $216,034 | $950 | 3.43% | |
| 47270 | Paris Crossing | IN | $239,687 | $891 | 2.90% | |
| 47273 | Scipio | IN | $256,501 | $1,035 | 3.15% | |
| 47282 | Vernon | IN | $150,196 | $864 | 4.49% | |
| 47223 | Butlerville | IN | $210,269 | $918 | 3.41% | |
| 47227 | Commiskey | IN | $274,508 | $864 | 2.46% | |
| 47265 | North Vernon | IN | $219,061 | $950 | 3.38% | |
| 47270 | Paris Crossing | IN | $242,341 | $891 | 2.87% | |
| 47273 | Scipio | IN | $260,076 | $1,035 | 3.10% | |
| 47223 | Butlerville | IN | $207,163 | $918 | 3.46% | |
| 47227 | Commiskey | IN | $262,704 | $864 | 2.57% | |
| 47282 | Vernon | IN | $146,317 | $864 | 4.61% | |
| 47265 | North Vernon | IN | $211,091 | $950 | 3.51% | |
| 47270 | Paris Crossing | IN | $233,229 | $891 | 2.98% | |
| 47273 | Scipio | IN | $251,200 | $1,035 | 3.21% | |
| 47282 | Vernon | IN | $142,614 | $864 | 4.73% | |
| 47223 | Butlerville | IN | $218,374 | $918 | 3.28% | |
| 47227 | Commiskey | IN | $280,417 | $864 | 2.40% | |
| 47265 | North Vernon | IN | $220,916 | $950 | 3.35% | |
| 47270 | Paris Crossing | IN | $246,941 | $891 | 2.81% | |
| 47273 | Scipio | IN | $264,682 | $1,035 | 3.05% | |
| 47223 | Butlerville | IN | $200,800 | $918 | 3.57% | |
| 47282 | Vernon | IN | $151,262 | $864 | 4.46% | |
| 47227 | Commiskey | IN | $256,291 | $864 | 2.63% | |
| 47265 | North Vernon | IN | $206,725 | $873 | 3.29% | |
| 47270 | Paris Crossing | IN | $229,095 | $891 | 3.03% | |
| 47273 | Scipio | IN | $248,468 | $1,035 | 3.25% | |
| 47282 | Vernon | IN | $138,357 | $864 | 4.87% | |
| 47223 | Butlerville | IN | $214,400 | $918 | 3.34% | |
| 47227 | Commiskey | IN | $274,750 | $864 | 2.45% | |
| 47265 | North Vernon | IN | $218,520 | $950 | 3.39% | |
| 47270 | Paris Crossing | IN | $243,377 | $891 | 2.86% | |
| 47273 | Scipio | IN | $259,059 | $1,035 | 3.12% | |
| 47223 | Butlerville | IN | $200,800 | $918 | 3.57% |
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About North Vernon, IN Real Estate Market
The North Vernon, IN metropolitan statistical area (MSA) encompasses 6 cities and 6 ZIP codes. The average home value across the metro is $225,429, with an average monthly rent of $920. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.