A camera module for a vehicular vision system includes a lens barrel having a lens accommodated therein, a front camera housing portion that accommodates an imager printed circuit board therein, and a rear camera housing portion mated with a rear portion of said front camera housing so as to encase the imager printed circuit board in the camera module. The imager printed circuit board is disposed at the lens barrel and bonded thereat with the imager optically aligned with an optical axis of the optical elements. The front camera housing portion may include mounting structure for mounting at a vehicle. The camera module has a center of mass, and distance from the optical axis of the lens to the mounting structure may be the same as distance from the center of mass to the mounting structure.