Current Price

$156,286

1 Month Forecast

â–¼ $155,716

1-Year Forecast *

â–² $164,478

5-Year Forecast *

â–² $170,210

"Is it a good time to buy homes in Vernon?" "Does investing in real estate in Vernon (Illinois State, Fayette County) worth it?" According to our live Forecast System, buying a house in Vernon is a acceptable short-term (1-year) investment*. The Vernon average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Vernon" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Vernon in Illinois State, Fayette County. If you are looking for homes for sale with good flipping profit, Vernon can be a profitable property investment option. The median price of an average house in Vernon was 156,286 USD on 2026-03-02. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Vernon" area is 170,210 USD by 2031-03-02. For a 5-year investment the profit is expected to be around +8.91% meaning that investing 100000 USD today may yield a profit of 8,909 USD by 2031.

Current Median Listing Price: 156,286 USD Median Listing Price Per Square Foot: 87 USD

Vernon Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Vernon (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Vernon Price Target

Vernon median home price target in 12 months: $164,478* (upside of 5.2%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $166,100 $156,286 $156,286 $168,361
2023 $170,255 $168,564 $168,564 $173,246
2022 $166,706 $168,912 $166,706 $177,237
2021 $149,510 $162,867 $147,306 $162,867
2020 $131,475 $149,422 $131,475 $149,422
2019 $118,891 $128,462 $118,891 $128,462
2018 $134,662 $118,462 $118,462 $134,662
2017 $136,244 $135,407 $131,886 $136,244
2016 $0 $136,418 $0 $147,216
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Vernon Housing Market Forecast

How much does an average home cost in Vernon today?

The value of an average home (the listing price) in Vernon is $156,286 USD.

What is the average price per square foot in Vernon?

According to Walletinvestor the median price per square foot in Vernon is 87 USD.

Will the median listing price of homes in Vernon grow / rise / go up?

Yes. The Vernon home prices may rise from 156,286 USD to 164,478 USD in one year.

Is it profitable to invest in Vernon homes?

Yes. The long-term profit potential is +5.24% in one year.

Will Vernon house prices fall / drop?

No. See above.

What is the predicted price of a Vernon home in 2030?

The predicted home sales price of a Vernon home in 2030 in Vernon is 158,727 USD.

What is the predicted price of a Vernon home in 2035?

The predicted home sales price of a Vernon home in 2035 in Vernon is 170,493 USD.

Will real estate prices decrease in Vernon?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Vernon is the 23173. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Fayette, Vernon remained stable, looking at the past 12 months.

According to Walletinvestor's Vernon real estate market research, home values will increase in the next 12 months.

Median home values remained unchanged to 156,286 USD, between 2025-03-02 and 2026-03-02

The average annual profit of property investment was:

  • 4.661% in 2021
  • 3.491% in 2022
  • 4.151% in 2023
  • 4.691% in 2024
  • 6.951% in 2025
  • 5.601% in 2026

Based on our Vernon real estate market research and report the predicted sales prices will increase by 66.670% in the next 10 years.

Vernon (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Vernon Housing Market Forecast with Real Estate Prices for 2025
January 2025 155716 144504 166927
February 2025 154994 143989 165999
March 2025 155852 145722 165982
April 2025 156788 143147 170428
May 2025 157729 144795 170663
June 2025 158676 146299 171052
July 2025 159628 149891 169366
August 2025 160587 148864 172309
September 2025 161551 145880 177221
October 2025 162520 152769 172272
November 2025 163496 148291 178701
December 2025 164478 148852 180103
Vernon Housing Market Forecast with Real Estate Prices for 2026
January 2026 165465 153055 177875
February 2026 166458 152143 180774
March 2026 167127 150749 183506
April 2026 166204 156564 175844
May 2026 165286 153551 177021
June 2026 164373 150565 178180
July 2026 163672 150251 177094
August 2026 163221 149348 177095
September 2026 163836 149419 178254
October 2026 164820 149492 180148
November 2026 165809 149726 181893
December 2026 166805 153794 179815
Vernon Housing Market Forecast with Real Estate Prices for 2027
January 2027 166708 155539 177878
February 2027 166381 154401 178360
March 2027 165660 157377 173943
April 2027 165229 154655 175804
May 2027 165178 155598 174758
June 2027 165544 156108 174980
July 2027 165205 151658 178751
August 2027 164292 151313 177271
September 2027 163384 154562 172207
October 2027 162482 153383 171581
November 2027 161636 148382 174890
December 2027 162606 151874 173338
Vernon Housing Market Forecast with Real Estate Prices for 2028
January 2028 163582 153113 174052
February 2028 163281 151524 175037
March 2028 162379 152311 172446
April 2028 161482 150339 172624
May 2028 160590 150794 170386
June 2028 159702 145489 173916
July 2028 159220 149986 168455
August 2028 159456 146062 172850
September 2028 159169 147709 170630
October 2028 158588 148597 168579
November 2028 157853 146488 169219
December 2028 158727 144442 173012
Vernon Housing Market Forecast with Real Estate Prices for 2029
January 2029 159680 146267 173093
February 2029 160639 148751 172526
March 2029 161603 150775 172430
April 2029 162573 146316 178830
May 2029 163549 147358 179740
June 2029 164531 154001 175061
July 2029 165519 152774 178263
August 2029 166512 157521 175504
September 2029 167512 153943 181080
October 2029 168517 156047 180988
November 2029 169529 158171 180888
December 2029 170210 157274 183146
Vernon Housing Market Forecast with Real Estate Prices for 2030
January 2030 169270 153697 184843
February 2030 168335 156383 180287
March 2030 167405 153008 181802
April 2030 166692 152856 180527
May 2030 166232 153433 179032
June 2030 166859 150840 182877
July 2030 167860 156614 179107
August 2030 168868 158567 179169
September 2030 169882 156801 182963
October 2030 169784 158918 180650
November 2030 169450 159792 179109
December 2030 168716 153701 183732
Vernon Housing Market Forecast with Real Estate Prices for 2031
January 2031 168277 158349 178206
February 2031 168225 155272 181178
March 2031 168598 160168 177028
April 2031 168252 153951 182554
May 2031 167323 152933 181713
June 2031 166399 156581 176216
July 2031 165479 155385 175574
August 2031 164618 152930 176306
September 2031 165606 149873 181339
October 2031 166600 156937 176263
November 2031 166293 156980 175605
December 2031 165374 154790 175958

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.