Mount Vernon WA

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Mount Vernon, WA 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Mount Vernon Housing Market Information

With 35,741 people, 11,978 houses or apartments, and a median cost of homes of $324,782, 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 61.74% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include large apartment complexes or high rise apartments ( 20.17%), duplexes, homes converted to apartments or other small apartment buildings ( 9.44%), and a few mobile homes or trailers ( 5.80%).

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 60.45% owning and 39.55% 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 ( 23.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.59%). There's also some housing in Mount Vernon built before 1939 ( 10.00%).

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 31.80%, which ranks in the top 30% nationwide. This equates to an annual average Mount Vernon house appreciation rate of 2.80%.

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 2.21%, 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 1.80%, which equates to an annual appreciation rate of 7.41%.

Relative to Washington, our data show that Mount Vernon's latest annual appreciation rate is lower than 70% 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
> $1,439,000 0.1
$1,079,001 - $1,439,000 0.5
$719,001 - $1,079,000 2.6
$575,001 - $719,000 6.5
$431,001 - $575,000 14.1
$288,001 - $431,000 34.3
$144,001 - $288,000 28.5
$72,001 - $144,000 3.8
$0 - $72,000 9.7

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
17.7051094890511 47.7031802120141

Number Of Homes And Apartments:

Mount Vernon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
94.58% 3.43%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,284 / per month

Homeownership Rate

Owners 60.45
Renters 39.55
Vacant 5.65

Housing Market Details


Age of Homes

AGE OF Mount Vernon HOMES
2000 or Newer 23.6
1970 - 1999 50.9
1940 - 1969 15.6
1939 or Older 10.0

Types of Homes

TYPE OF Mount Vernon HOMES
Single-Family 61.7
Townhomes 2.6
Small Apt. Buildings 9.4
Apt. Complexes 20.2
Mobile Homes 5.8
Other 0.2

Home Size

SIZE OF Mount Vernon HOMES
No Bedroom 4.21
1 Bedroom 9.85
2 Bedrooms 25.76
3 Bedrooms 45.15
4 Bedrooms 12.41
5 or more bedrooms 2.63