Mount Vernon, VA is an affluent area with a median house value of $678,500 which is significantly more expensive than the US median house value of $338,100. In the last year, house appreciation in Mount Vernon has been 5.11%, lower than the US one year house appreciation rate of 8.27%. This suggests that despite the high median house price, Mount Vernon is relatively stable when it comes to real estate fluctuations.
The median home cost in Mount Vernon is $678,500. Home appreciation the last 10 years has been 53.2%. Home Appreciation in Mount Vernon is up 6.4%.
Average Age of Homes
- The median age of Mount Vernon real estate is 49 years old
The Rental Market in Mount Vernon
- Renters make up 19.9% of the Mount Vernon population
- 0.2% 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.