Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mount Vernon area can be challenging. Home prices in Mount Vernon are now at a median cost of $172,385, lower than the Indiana average of $175,617.
The average cost of rent is $1,072/mo in Mount Vernon, primarily driven by the current value of real estate in the Mount Vernon area. While nearly 35.73% of residents own their homes outright in Mount Vernon, 28.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon is $6,596 per month. Households that rent pay about 16.26% of their income on rent here. Mount Vernon's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Caborn, IN: higher priced homes
- Farmersville, IN: less expensive homes
- Marrs Center, IN: higher priced homes
- Upton, IN: higher priced homes
- Grafton, IN: less expensive homes
- Solitude, IN: higher priced homes
- Oliver, IN: higher priced homes
- Lippe, IN: less expensive homes
- West Franklin, IN: higher priced homes
- St. Philip, IN: higher priced homes
Cities with Similar Populations
- Half Moon Bay, CA: higher priced homes
- St. James, NY: higher priced homes
- St. Clair, MI: higher priced homes
- St. Albans, VT: higher priced homes
- Splendora, TX: equally priced homes
- Haverstraw, NY: higher priced homes
- Harvard, IL: less expensive homes
- Hartwell, GA: equally priced homes
- Harrisonville, MO: higher priced homes
- Harrison, TN: higher priced homes
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