Mount Vernon, IL has a median housing value of $88,300, which is far lower than the national median of $338,100. However, the town's appreciation rate for homes over the past year has been 18.28%, which is higher than the US average of 8.27%. This indicates that Mount Vernon is an attractive market for potential real estate investors as well as those looking to buy their first home. The high rate of appreciation and low median value make it a great place to find affordable housing options with many opportunities for growth.
The median home cost in Mount Vernon is $88,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Mount Vernon is up 11.3%.
Average Age of Homes
- The median age of Mount Vernon real estate is 52 years old
The Rental Market in Mount Vernon
- Renters make up 40.0% of the Mount Vernon population
- 1.0% of houses and apartments in Mount Vernon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.