76364
Vernon, Texas
Vernon 76364 needs watching.
The 76364 ZIP code in Vernon, Texas has a median sale price of $20K, down N/A year-over-year. Homes spend an average of 30 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76364.
The Vernon, TX 76364 market shows extreme distress with a median sale price of $19,900 as of January 2017, placing it among the lowest-priced residential markets in Texas. Properties are moving quickly at 30 days on market despite the rock-bottom pricing, though price stability remains flat year-over-year with zero homes commanding above-list premiums. This combination of ultra-low pricing and rapid absorption without price appreciation indicates a market clearing distressed inventory rather than building momentum.
Cash buyers seeking fix-and-flip opportunities or portfolio diversification into deeply discounted assets will find the most utility here, particularly those with renovation capabilities and extended holding timelines. The $19,900 entry point eliminates significant downside risk, while the 30-day absorption rate confirms sufficient buyer activity exists despite the cautionary fundamentals. Sellers face a zero-premium environment where list price represents the ceiling, making this exclusively a buyer-advantaged market with no competition driving bids higher.
The PropIQ score of 37/100 signals fundamental weakness that aligns with the stagnant year-over-year pricing and absence of competitive bidding. Without price appreciation momentum and no homes breaking above list, the data suggests continued sideways movement rather than recovery in the near term. Investors should monitor whether the 30-day turnover rate persists and track any emergence of above-list transactions as the earliest indicator of sentiment shift.
What is the median home price in 76364 Vernon?
The median sale price in 76364 is $20K, down N/A year-over-year as of 2017-01-31.
How long do homes stay on the market in Vernon 76364?
Homes in 76364 Vernon spend an average of 30 days on market before going under contract.
Is Vernon 76364 a good place to invest in real estate?
Folio's PropIQ™ score for 76364 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 76364?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 37 = Caution in 76364 Vernon, Texas.