Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,550, 1,773 total housing units (homes and apartments), and a median house value of $217,614, house prices in Mount Vernon are solidly below the national average.
Single-family detached homes are the single most common housing type in Mount Vernon, accounting for 81.88% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include duplexes, homes converted to apartments or other small apartment buildings ( 6.25%), large apartment complexes or high rise apartments ( 5.43%), and a few row houses and other attached homes ( 3.51%).
The most prevalent building size and type in Mount Vernon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.11% owning and 51.89% renting.
There is a lot of housing in Mount Vernon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Vernon built between 1940-1969 ( 27.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.41%). There's also some housing in Mount Vernon built before 1939 ( 8.17%).
Vacant housing appears to be an issue in Mount Vernon. Fully 14.80% of the housing stock is classified as vacant. Left unchecked, vacant Mount Vernon homes and apartments can be a drag on the real estate market, holding Mount Vernon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Mount Vernon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.61%, which ranks in the top 40% nationwide. This equates to an annual average Mount Vernon house appreciation rate of 7.37%.
Over the last year, Mount Vernon appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Vernon's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Vernon were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Mount Vernon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Mount Vernon's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.
$217,614
for Missouri
for nation
1,773
$1,020 / per month