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Vernon, MI
Full City Profile · Michigan · Shiawassee County County
3.4
/5.0
B
Good
623
Population
623/sq mi density
$67,292
Median Income
$32,211 per capita
$122,000
Home Value
$160,606 Zillow
$1,063
Median Rent
20.0% income on rent
48°F
Avg Temperature
260 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$67,292 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$122,000 home value, $1,063/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
2.0 / 5.0
12.0% bachelor's degree or higher
Housing Overview
Median Home Value
$122,000
57% below
US avg: $281,900
Median Rent
$1,063/mo
9% below
US avg: $1,163/mo
Homeownership Rate
96.7%
48% above US avg (65.4%)
Total Housing Units
278
Median year built: 1953
Home Value by Source
Census Median
$122,000
Zillow (ZHVI)
$160,606
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
96.7%
Owner-Occupied
3.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,063/mo
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
96.7%
Complete Housing Data
Home Values
| Census Median Value | $122,000 |
| Zillow Home Value (ZHVI) | $160,606 |
Rent
| Census Median Rent | $1,063 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 96.7% |
| Renter-Occupied | 3.3% |
| Homeownership Rate | 96.7% |
| Total Housing Units | 278 |
| Median Year Built | 1953 |
| Rent Burden | 20.0% |