Vernon, Connecticut.
Typical home $345,312 (+4.1% in a year), asking rent $1,868 (+8.5%). Hartford-East Hartford-Middletown, CT metro.
to buy the typical home at today's mortgage rate — +$1,099 (+154%) since Jan 2020.
- 1 year
- Up $13,653 +4%
- $331,659$345,312 since Sep 2025
- 5 years
- Up $104,665 +43%
- $240,647$345,312 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Vernon$1,812
- Connecticut$2,348
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Vernon, CT rose 4.1% over the past year — faster than the nation's +1.2%.
Asking rents in Vernon, CT rose 8.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Vernon runs $953/mo more than renting one — the widest that gap has been in this data.
That is $2,821 a month against $1,868 rent: a $1,812 mortgage payment, plus $639 property tax and $370 insurance & upkeep.
Owning vs renting — Vernon
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,821
- Renting$1,868
- Mortgage only$1,812
Property tax · $639/mo 2.22% of value a year — the ACS 2017-2021 median bill over the median home value for Tolland County, CT
Insurance & upkeep · $370/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Vernon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Vernon$345,312
- Connecticut$447,319
- United States$366,157
Sellers are cutting prices on about 1 in 7 Vernon listings, and the typical home goes pending in 9 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Vernon13.71%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Vernon9
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Vernon52
New listings per month
Sellers arriving at the market.
- Vernon28
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Vernon$344,941
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Vernon106.09%
Zip codes with a Vernon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Vernon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.