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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mount Vernon, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mount Vernon, TX Housing Market Trends

With a population of 2,541, 748 total housing units (homes and apartments), and a median house value of $214,556, 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 77.56% of the town's housing units. Other types of housing that are prevalent in Mount Vernon include large apartment complexes or high rise apartments ( 9.56%), row houses and other attached homes ( 5.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).

The most prevalent building size and type in Mount Vernon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.09% owning and 40.91% renting.

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 2000 and later ( 23.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.56%). There's also some housing in Mount Vernon built before 1939 ( 11.78%).

Vacant housing appears to be an issue in Mount Vernon. Fully 16.89% 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

In the last 10 years, Mount Vernon has experienced some of the highest home appreciation rates of any community in the nation. Mount Vernon real estate appreciated 111.37% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Mount Vernon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Vernon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 4.05%, 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 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Mount Vernon's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$214,556

Mount Vernon, TX Home Prices
> $1,383,000
$1,038,001 - $1,383,000
$691,001 - $1,038,000
$554,001 - $691,000
$415,001 - $554,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.1%
0.1%
0.1%
0.1%
3.1%
3.1%
0.3%
0.3%
7.8%
7.8%
13.7%
13.7%
54.7%
54.7%
12.7%
12.7%
7.4%
7.4%
0% 100.0%
% of Homes
Average

for Texas

Low

for nation

Number of Homes And Apartments:

748

Mount Vernon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,681 / per month

Homeownership Rate

Owners
Renters
59.1%
59.1%
40.9%
40.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.9%
16.9%
83.1%
83.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.7%
23.7%
44.0%
44.0%
20.6%
20.6%
11.8%
11.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.6%
77.6%
5.6%
5.6%
4.6%
4.6%
9.6%
9.6%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.3%
5.3%
2.7%
2.7%
28.2%
28.2%
50.8%
50.8%
10.8%
10.8%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Mount Vernon

Popular Communities Near Mount Vernon, TX

Zip Codes in Mount Vernon, TX