Vernon, TX

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Vernon short-term rental market based on reliable data.

Listings

22 / 56

Reliable / Active

Cap Rate

24%

Middle-Earners Gross Yield

Revenue

$26,087

Middle-Earners Revenue

Occupancy

84%

Middle-Earners Occupancy

Home Value

$107,058

Median Home Sale Price

Top Earners

$43,314

Top-Earners Revenue

Vernon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Vernon.

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B

Generally Investor friendly

Vernon Regulations

Short‑term rentals are permitted citywide (RS‑1/2 and RG districts) without a local licensing ordinance or caps; investors obtain standard building permits and a Certificate of Occupancy and meet parking/safety standards. State HOT and Health & Safety Code Chapter 365 compliance applies, creating moderate permitting costs and process but no outright prohibitions.

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About Vernon

Vernon is a small city in north Texas, serving as the county seat of Wilbarger County. With a population of roughly 10,000 residents, it has the feel of a classic Texas agricultural community, surrounded by wide prairie, working ranches, and small farms. The city carries a strong western and ranching heritage, and it sits along a route that historically connected Texas cattle country to the northern plains. Vernon is perhaps best known for its association with the legendary W.T. Waggoner Ranch, once one of the largest contiguous ranches in the United States, and it functions as a friendly gateway to outdoor recreation on nearby lakes and along the Pease River. It lies about 150 miles northwest of Fort Worth and roughly 50 miles west of Wichita Falls, placing it within a few hours' drive of the Dallas–Fort Worth metroplex while still feeling distinctly rural.

A short drive from Vernon brings visitors to the Red River Valley Museum, a community museum that houses a surprisingly broad collection of regional artifacts, Native American artifacts, pioneer memorabilia, a replica of a pioneer town, and works by the painter Donald Roller Wilson, who lived locally. The museum gives a thoughtful introduction to the natural and cultural history of the rolling Red River country, and it makes an easy afternoon stop right in town.

Just outside Vernon, Lake Kemp and Lake Diversion offer a range of outdoor activities. Lake Kemp, located to the south of the city, is a popular spot for fishing, boating, and birdwatching along the Big Wichita River. Lake Diversion, to the west, provides additional shoreline for casual recreation and a quieter alternative for visitors looking to escape busier Texas reservoirs. Together, the two lakes give Vernon a dual-lake appeal that draws anglers and families from across the region.

History-minded travelers can explore the legacy of the Waggoner Ranch, which was headquartered near Vernon for more than 150 years. Spanning parts of several counties, the ranch became a symbol of the Texas cattle industry and remains an iconic feature of the surrounding landscape. Local museums and historical markers in and around Vernon interpret this ranching heritage, giving visitors a sense of how the area developed alongside the cattle trade that defined north Texas.

Vernon makes a compelling base for a short-term rental because it offers an affordable, unhurried stay with easy access to genuine Texas character. Guests can spend their days exploring museums, fishing on the lakes, taking in the open ranch country, or using the city as a stopping point on longer road trips through the southern plains. With its blend of small-town hospitality, deep ranching roots, and nearby outdoor escapes, Vernon offers an experience that feels both authentic and refreshingly off the typical tourist trail.

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