Mount Vernon, IN


Highest Appreciating Mount Vernon Neighborhoods Since 2000

Mount Vernon, IN Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mount Vernon Housing Market Information

With a population of 6,550, 2,716 total housing units (homes and apartments), and a median house value of $106,322, house prices in Mount Vernon are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Vernon, accounting for 77.96% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include large apartment complexes or high rise apartments ( 13.02%), mobile homes or trailers ( 4.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Vernon. Owner-occupied housing accounts for 70.21% of Mount Vernon's homes, and 54.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Vernon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Vernon built between 1940-1969 ( 37.79%). A lesser amount of the housing stock also hails from before 1939 ( 19.15%). There's also some housing in Mount Vernon built between 2000 and later ( 2.10%).

Vacant housing appears to be an issue in Mount Vernon. Fully 13.75% of the housing stock is classified as vacant. Left unchecked, vacant Mount Vernon homes and apartments can be a drag on the real estate market, holding Mount Vernon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Vernon Home Appreciation Rates

Appreciation rates for homes in Mount Vernon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.46%, which ranks in the top 50% nationwide. This equates to an annual average Mount Vernon house appreciation rate of 0.34%.

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 0.55%, 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 -0.70%, which equates to an annual appreciation rate of -2.75%.

Notably, Mount Vernon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Mount Vernon's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values


Median Home Value:

Mount Vernon, IN HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.1
$420,001 - $526,000 0.2
$316,001 - $420,000 1.0
$210,001 - $316,000 4.9
$105,001 - $210,000 33.2
$52,001 - $105,000 50.7
$0 - $52,000 9.9

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
73.4735731864526 69.2307692307692

Number Of Homes And Apartments:

Mount Vernon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.74% 0.85% 4 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$772 / per month

Homeownership Rate

Owners 70.21
Renters 29.79
Vacant 13.75

Housing Market Details


Age of Homes

AGE OF Mount Vernon HOMES
2000 or Newer 2.1
1970 - 1999 41.0
1940 - 1969 37.8
1939 or Older 19.1

Types of Homes

TYPE OF Mount Vernon HOMES
Single-Family 78.0
Townhomes 1.3
Small Apt. Buildings 3.2
Apt. Complexes 13.0
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Mount Vernon HOMES
No Bedroom 2.16
1 Bedroom 10.32
2 Bedrooms 31.60
3 Bedrooms 41.00
4 Bedrooms 13.05
5 or more bedrooms 1.87

Zip Codes in Mount Vernon, IN