The housing market in Mount Vernon, IN is booming. The median value of a house in the city is $179,600, which is significantly less than the US median value of $338,100. Despite this difference in price, the 1 year appreciation rate for houses in Mount Vernon is 16.17%, more than double that of the US average at 8.27%. This shows that there has been impressive growth in this city's housing market in recent years and should be attractive to potential buyers looking for affordable yet appreciated homes.
The median home cost in Mount Vernon is $179,600. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Mount Vernon is up 16.1%.
Average Age of Homes
- The median age of Mount Vernon real estate is 50 years old
The Rental Market in Mount Vernon
- Renters make up 25.1% of the Mount Vernon population
- 2.6% 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.