Mount Vernon, WA


Highest Appreciating Mount Vernon Neighborhoods Since 2000

Mount Vernon, WA Real Estate Data

Mount Vernon Housing Market Information

With a population of 34,053, 11,308 total housing units (homes and apartments), and a median house value of $254,377, Mount Vernon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Vernon, accounting for 56.82% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include large apartment complexes or high rise apartments ( 23.03%), duplexes, homes converted to apartments or other small apartment buildings ( 10.05%), and a few mobile homes or trailers ( 6.03%).

The most prevalent building size and type in Mount Vernon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.73% owning and 46.27% 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 ( 21.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.69%). There's also some housing in Mount Vernon built before 1939 ( 10.77%).

Mount Vernon Home Appreciation Rates

Mount Vernon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Vernon during the period has been just -0.85%, which is lower than 70% of US communities.

Appreciation rates are so strong in Mount Vernon that despite a nationwide downturn in the housing market, Mount Vernon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Vernon appreciation rates continue to be some of the highest in America, at 6.02%, which is higher than appreciation rates in 74.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Vernon. Mount Vernon appreciation rates in the latest quarter were at -0.01%, which equates to an annual appreciation rate of -0.03%.

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

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

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.

Average Home Values


Median Home Value:

Mount Vernon, WA HOME PRICES

Value Range
> $1,251,000 0.1
$938,001 - $1,251,000 0.8
$625,001 - $938,000 1.8
$500,001 - $625,000 3.0
$375,001 - $500,000 10.8
$250,001 - $375,000 38.3
$125,001 - $250,000 31.9
$63,001 - $125,000 1.8
$0 - $63,000 11.4

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
22.4453943901154 52.1276595744681

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,283 / per month

Homeownership Rate

Owners 53.73
Renters 46.27
Vacant 8.67

Housing Market Details


Age of Homes

AGE OF Mount Vernon HOMES
2000 or Newer 21.5
1970 - 1999 51.0
1940 - 1969 16.7
1939 or Older 10.8

Types of Homes

TYPE OF Mount Vernon HOMES
Single-Family 56.8
Townhomes 3.6
Small Apt. Buildings 10.1
Apt. Complexes 23.0
Mobile Homes 6.0
Other 0.5

Home Size

SIZE OF Mount Vernon HOMES
No Bedroom 3.25
1 Bedroom 11.24
2 Bedrooms 30.09
3 Bedrooms 42.98
4 Bedrooms 9.12
5 or more bedrooms 3.31

Mount Vernon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
49.43% 2.39% 2 6
* 10 is highest