The housing market in Mount Vernon, AL is showing a positive trend in appreciation. The median value of houses in the city is $94,300, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Mount Vernon is 14.17%, which is much higher than the national rate of 8.27%. This indicates that housing prices are on the rise and homeowners in this area should benefit from increased home values over time.
The median home cost in Mount Vernon is $94,300. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Mount Vernon is up 15.3%.
Average Age of Homes
- The median age of Mount Vernon real estate is 41 years old
The Rental Market in Mount Vernon
- Renters make up 21.0% of the Mount Vernon population
- 2.8% 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.