North Vernon, IN housing market
The typical North Vernon home is worth about $216,000, up 6.6% in a year, 17% below the Indiana typical home.
Home values, sales, trends and how North Vernon compares with the towns next door — updated as new data is published.
North Vernon at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | North Vernon | Indiana |
|---|---|---|
| 2017 | $100,000 | $135,000 |
| 2018 | $105,000 | $144,000 |
| 2019 | $116,000 | $154,000 |
| 2020 | $129,000 | $164,000 |
| 2021 | $146,000 | $183,000 |
| 2022 | $167,000 | $209,000 |
| 2023 | $179,000 | $227,000 |
| 2024 | $191,000 | $237,000 |
| 2025 | $199,000 | $249,000 |
| 2026 | $211,000 | $256,000 |
| August 2026 | $216,000 | $260,000 |
North Vernon and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| North Vernon | $216K | +6.6% | $970 | $51,429 |
| Center | — | +8.9%† | $970 | $51,165 |
| Country Squire Lakes | — | +8.9%† | $970 | $57,201 |
| Vernon | $150K | +6.9% | $970 | $77,131 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical North Vernon home costs about 4.2 years of the town's median household income, more than across Indiana (3.6 years).
How North Vernon ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in North Vernon is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in North Vernon pay a median of $938. A two-bedroom takes about 23% of the town's median household income.
Studio $700 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47265; Decatur County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.