The Housing Median Value in Mount Vernon, IL Metro Area is 97,400, which is substantially lower than the US House Median Value of 338,100. However, the 1 year House Appreciation in Mount Vernon, IL Metro Area has still been strong at 7.96%, slightly below the 8.27% of appreciation for the US overall. This shows that although house prices are lower in the Mount Vernon metro area compared to national averages, buyers can still benefit from a good appreciation rate on their investments.
The median home cost in Mount Vernon Metro Area is $97,400. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Mount Vernon Metro Area is up 11.3%.
Average Age of Homes
- The median age of Mount Vernon Metro Area real estate is 43 years old
The Rental Market in Mount Vernon Metro Area
- Renters make up 24.8% of the Mount Vernon Metro Area population
- 0.7% of houses and apartments in Mount Vernon Metro Area, 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.