Vernon, TX home prices
Typical home $107,756 · +3.0% in a year · income needed $33,300
The Vernon, TX metro area ranks 878 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.0% in a year and -7.7% over five years. With 20% down at 7.11%, the typical home costs about $778 a month including 1.6% property tax (Wilbarger County rate).
Mortgage on the typical Vernon home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $21,551 | $86,205 | $580 | $0 | $198 | $778 | $33,300 |
| 10% down | $10,776 | $96,980 | $652 | $40 | $198 | $891 | $38,200 |
| 5% down | $5,388 | $102,368 | $689 | $43 | $198 | $929 | $39,800 |
| 3.5% down (FHA) | $3,771 | $105,804 | $712 | $48 | $198 | $957 | $41,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.6% 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 Vernon area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wilbarger County, TX | $107,745 | +3.0% | 1.6% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Vernon?
The typical home in the Vernon, TX metro area is worth $107,756 (Zillow, September 2026).
What salary do you need to buy a house in Vernon?
About $33,300 a year for the typical home with 20% down at 7.11%.