The housing market in 47620 Mount Vernon, IN is faring especially well compared to the national average. The median value of housing in this area is $183,100 whereas the US house median value is $338,100. This difference in median value makes it an attractive place to purchase a home. In addition to this, the 1 year house appreciation rate in this area is 16.17%, which is more than double the US 1 year house appreciation rate of 8.27%. With such a strong housing market and growing appreciation rate, now may be a great time for potential buyers to make an investment in the 47620 Mount Vernon, IN real estate market.
The median home cost in Mount Vernon (zip 47620) is $183,100. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Mount Vernon (zip 47620) is up 16.1%.
Average Age of Homes
- The median age of Mount Vernon (zip 47620) real estate is 46 years old
The Rental Market in Mount Vernon (zip 47620)
- Renters make up 17.8% of the Mount Vernon (zip 47620) population
- 1.5% of houses and apartments in Mount Vernon (zip 47620), 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.