Mount Vernon, MN is a small town located in the state of Minnesota and its housing market is showing steady appreciation. The median value of homes in Mount Vernon is $364,400 which is higher than the national median of $338,100. While the national average for house appreciation over the past year was 8.27%, Mount Vernon saw an appreciation rate of 6.78%. This indicates that while real estate prices are increasing, they are doing so at a slower and more steady rate than elsewhere in the country. Overall, the housing market in Mount Vernon appears to be healthy and growing steadily.
The median home cost in Mount Vernon is $364,400. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Mount Vernon is up 11.4%.
Average Age of Homes
- The median age of Mount Vernon real estate is 53 years old
The Rental Market in Mount Vernon
- Renters make up 14.7% of the Mount Vernon population
- 0.0% 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.