Vernon, FL — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Vernon, FL offers a 6.8% cap rate with median home prices of $185,724 and 3-bedroom rents of $1,610/month.
Vernon offers solid returns for rental investors. At $185,724 median home price, Vernon is affordable by national standards and within reach for most conventional loans. With 3-bedroom rents around $1,610/month, the 6.8% cap rate tells the story. Cash flow is modest at +$69/month — positive but tight. Rate increases or vacancies could flip it negative.
The 1% rule comes in at 0.87% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.07 is tight — you'll pass most lender minimums but with little margin for error.
Bottom line: Vernon offers a balance of moderate cash flow and growth potential. Good for investors who want some income while building equity over time.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
6.8%
Above average
Monthly Cash Flow
+$69
After all expenses
Price-to-Rent
9.6
Investor-friendly
DSCR
1.07
Tight
Key Metrics
- Median Home Price
- $185,724
- Average Rent (3BR)
- $1,610/mo
- Price-to-Rent Ratio
- 9.6(good)
- 1% Rule
- 0.87%(fails — need 1%+)
- Cash-on-Cash Return
- 1.9%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4.8%(+0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +5.6% YoY
Property Tax Rate
0.86%
of assessed value (FL avg)
Median Income
$63,062
household (FL avg)
Rent-to-Income
30.6%
Moderate
Section 8 Max Rent
$1,610/mo
3BR voucher payment
FL Investor Climate
Landlord Friendly
8/10
State Income Tax
None
Property Tax
0.86% effective
Population Trend
+5.6% (3yr)