Mount Vernon, NY is a great place to invest in real estate as the median value of a house is $504,200. This is significantly higher than the US median value of $338,100. In addition, the 1 year house appreciation rate for Mount Vernon, NY stands at 7.95%, which is only slightly lower than the nationwide appreciation rate of 8.27%. With these statistics in mind, it is clear that investing in property in Mount Vernon would be a wise decision for any homebuyer or investor.
The median home cost in Mount Vernon is $504,200. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Mount Vernon is up 10.6%.
Average Age of Homes
- The median age of Mount Vernon real estate is 75 years old
The Rental Market in Mount Vernon
- Renters make up 54.7% 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.