ZIP Code Market Report
85940 — Vernon, AZ
Data through February 2026 · Updated monthly
Avg Home Value
$377,635
▲ 3.1% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$377,518
Condo / Co-op
--
The average home value in the 85940 ZIP code (Vernon, ARIZONA) is $377,635 as of February 2026. Home prices are rising, up 3.1% compared to last year.
The market in 85940 has a $277,023 spread between bottom-tier homes at $259,382 and top-tier homes at $536,405. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Apache County market area in ARIZONA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Apache County report.
Free Home Value Estimate
What's your home worth in 85940 (Vernon)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
85940 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $383,409 | $378,907 | $377,635 | ▼ 1.5% |
| Single Family Value | $379,335 | $378,560 | $377,518 | ▼ 0.5% |
Home Values
85940 Home Value Trend
Historical home values for ZIP code 85940. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 85940
How different property types compare in this ZIP code.
All Homes
$377,635
Single Family
$377,518
Bottom Tier
$259,382
Top Tier
$536,405
Data Sources and Methodology
Home value data for ZIP code 85940 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Vernon?
Run your ARV and MAO instantly with live market data