Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 71,714 people, 29,056 houses or apartments, and a median cost of homes of $526,059, real estate costs in Mount Vernon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Large apartment complexes or high rise apartments are the single most common housing type in Mount Vernon, accounting for 48.02% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include duplexes, homes converted to apartments or other small apartment buildings ( 24.12%), single-family detached homes ( 22.28%), and a few row houses and other attached homes ( 4.95%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Mount Vernon primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Mount Vernon has a mixture of owner-occupied and renter-occupied housing.
The housing in Mount Vernon was primarily built before 1939 ( 44.19%), making the housing stock in Mount Vernon some of the oldest overall in America, although there is a range of ages of homes in Mount Vernon. The next most important housing age is between 1940-1969 ( 38.43%), followed by between 1970-1999 ( 12.02%). There's also some housing in Mount Vernon built between 2000 and later ( 5.36%).
Real estate appreciation rates in Mount Vernon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.
Over the last year, Mount Vernon appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Vernon's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Vernon were at 3.21%, which equates to an annual appreciation rate of 13.46%.
Relative to New York, our data show that Mount Vernon's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mount Vernon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Vernon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mount Vernon real estate investment or home purchase decisions.
$526,059
for New york
for nation
29,056
$2,865 / per month