North Vernon, IN home prices
Typical home $223,079 · +5.8% in a year · income needed $61,000
The North Vernon, IN metro area ranks 556 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.8% in a year and +35.5% over five years. With 20% down at 7.11%, the typical home costs about $1,424 a month including 0.6% property tax (Jennings County rate).
Mortgage on the typical North Vernon home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,616 | $178,463 | $1,201 | $0 | $223 | $1,424 | $61,000 |
| 10% down | $22,308 | $200,771 | $1,351 | $84 | $223 | $1,658 | $71,000 |
| 5% down | $11,154 | $211,925 | $1,426 | $88 | $223 | $1,737 | $74,500 |
| 3.5% down (FHA) | $7,808 | $219,039 | $1,473 | $99 | $223 | $1,795 | $76,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the North Vernon area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jennings County, IN | $222,973 | +5.8% | 0.6% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in North Vernon?
The typical home in the North Vernon, IN metro area is worth $223,079 (Zillow, September 2026).
What salary do you need to buy a house in North Vernon?
About $61,000 a year for the typical home with 20% down at 7.11%.