The housing market in Mount Vernon, SD is thriving, with the median value of homes being $236,900. This is considerably lower than the US median house value of $338,100 and represents a great opportunity for those looking to purchase a home. Over the past year, house appreciation in Mount Vernon has been much higher than the national average, at 14.45% compared to 8.27% overall. For those looking for an affordable home in an area with potential for strong appreciation, Mount Vernon is an appealing option.
The median home cost in Mount Vernon is $236,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Mount Vernon is up 17.2%.
Average Age of Homes
- The median age of Mount Vernon real estate is 64 years old
The Rental Market in Mount Vernon
- Renters make up 24.5% of the Mount Vernon population
- 4.0% 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.