76384
Vernon, Texas

Vernon's 76384 ZIP code shows a median sale price of $145,000 as of February 2026, reflecting a substantial 26.6% year-over-year gain. Properties are moving at a moderate pace, averaging 54 days on market, yet no homes are selling above asking price despite the double-digit appreciation. This disconnect between price growth and buyer urgency suggests the rapid appreciation may be driven by limited inventory rather than competitive demand, with sellers capturing gains but not generating bidding wars.

This market configuration favors sellers who purchased before the recent price surge, offering a clean exit with 26.6% equity gains and reasonable liquidity at 54 days. Budget-conscious buyers face elevated entry costs from recent appreciation but encounter zero competition at list price, enabling inspection contingencies and negotiation leverage absent in competitive markets. Investors should approach cautiously given the PropIQ score of 55; cap rates likely compressed during the price run-up without corresponding rent growth in this small Vernon market.

The 55 PropIQ signal indicates elevated risk that recent price momentum proves unsustainable in a market where affordability constraints are already eliminating above-ask offers. Watch for inventory increases that could pressure the 26.6% appreciation rate downward, particularly if days-on-market extends beyond 60 days. The zero-premium buying environment suggests price discovery is incomplete, with spring 2026 listings likely testing whether demand can support current valuations or requiring adjustments.