The housing market in Mount Vernon, KY is a great opportunity for buyers. The median value of homes in the area is $110,900 compared to the US Median Value of $338,100. Despite this lower value, home appreciation over the last year has been 8.08%, which is nearly equal to the US 1 year House Appreciation rate of 8.27%. Now is a great time to invest in homes in Mount Vernon as prices are still relatively low and people can expect to see returns on their investment quickly.
The median home cost in Mount Vernon is $110,900. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Mount Vernon is up 15.5%.
Average Age of Homes
- The median age of Mount Vernon real estate is 40 years old
The Rental Market in Mount Vernon
- Renters make up 39.3% of the Mount Vernon population
- 1.2% 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.