Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainHomes in Vernon River are worth a median $250,000
Behind it are the answers of 785 owners at the 2021 census. No open sale prices are published on Prince Edward Island, so for Vernon River the census value is the measure. Assessors valued the median residential property at $120,000 for 2024.
Vernon River’s homes, by two sources
Every figure here is compared within the province, against Prince Edward Island’s towns, since each province assesses on its own terms. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since.
median, owners’ estimate
- Average
- $287K
- Owners
- 785
- Prince Edward Island’s towns
- $288K
- The typical Canadian town
- $406K
all residential
- Prince Edward Island’s towns
- $159K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Vernon River’s detached houses are assessed 20% below the median of Prince Edward Island’s towns
The 2024 assessment roll counts 1,060 homes in Vernon River, detached houses 83% of them.
Median assessment by type, 2024 the tick is the median of Prince Edward Island’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Prince Edward Island’s towns with their own figure; assessments compare within a province only.
An older stock than most: 34% of Vernon River’s homes go back before 1961 (Prince Edward Island’s towns: 21%)
890 occupied homes stood in Vernon River in 2021, and single-detached houses made up 90% of them.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| Vernon River | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 1% | 8% |
| Needing major repairs | 10% | 7% | 6% |
| Too small for the household | 1% | 3% | 3% |
| Households in core housing need | under 1% | 5% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Vernon River is cheaper than most of Prince Edward Island’s towns: 13% under their $288,000 median
12 of Prince Edward Island’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Vernon River: Belfast
The places around Vernon River at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Vernon River | $250K | $287K | 92% | |
| East River, Part 1 | $250K | $292K | 93% | 10.6 |
| Crossroads | $332K | $362K | 91% | 11.4 |
| Stratford | $400K | $433K | 71% | 16.4 |
| Belfast | $232K | $256K | 92% | 16.9 |
| North Shore | $300K | $330K | 83% | 18.3 |
Census 2021 values; km.
Questions about property prices in Vernon River
How many households in Vernon River are in core housing need?
In Vernon River, under 1% of households are in core housing need, against 5% for Prince Edward Island’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is Vernon River expensive for Prince Edward Island?
Cheaper than the middle: Prince Edward Island’s towns come to $288,000, Vernon River to less.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).