Real Estate Investing in Vernon, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 224 • Jennings County

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Should you buy in Vernon, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (77/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 20.6% of homes vacant — above national norms.

What’s happening in Vernon, IN?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $146,317
Avg Monthly Rent $864
ZIP Codes 1

Investing in Vernon Real Estate

Vernon, IN covers 1 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

firmly Vernon's aggregate rating of ★★★☆☆ reflects subdued investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

clearly Vernon's sale market has not rewarded patience. a stretch for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

The 0% renter share in Vernon masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in North Vernon, IN

Vernon is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$146,317
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (IN)

📉 Market Crash Risk Index

Based on North Vernon, IN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — North Vernon, IN metro
0
Days to pending
9.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Vernon, IN

Screen every ZIP in Vernon

Filter Vernon’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Vernon, IN

Is real estate in Vernon, IN a good investment right now?

Our data puts Vernon, IN at 3.0/5 for investability. Home prices of $146K and rents around $864/mo create a solid backdrop for investor activity.

How do experienced investors play Vernon, IN?

Vernon, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($146K prices, $864/mo rents) make it a reasonable choice.

Is vacancy a concern in Vernon, IN?

Occupancy in Vernon, IN runs stable with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.

How do home values compare in Vernon, IN?

Median home price in Vernon, IN is near $146K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

What does house hacking look like in Vernon, IN?

House hacking in Vernon, IN is reasonable to execute. Prices around $146K and rents of $864/mo solid owner-occupant economics.

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