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Affordable
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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 $371,678, higher than the Michigan average of $250,415.
The average cost of rent is $1,583/mo in Mount Vernon, primarily driven by the current value of real estate in the Mount Vernon area. In Mount Vernon, 3.38% of households rent, and 22.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon is $7,884 per month. Households that rent pay about 20.07% of their income on rent here. Mount Vernon’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Columbus, MI: less expensive homes
- Anchorville, MI: less expensive homes
- Rattle Run, MI: equally priced homes
- Richmond, MI: less expensive homes
- Muttonville, MI: equally priced homes
- Goodells, MI: less expensive homes
- Casco, MI: less expensive homes
- Memphis, MI: less expensive homes
- Thornton, MI: less expensive homes
- St. Clair, MI: less expensive homes
Cities with Similar Populations
- Kindrick, VA: less expensive homes
- Tanoma, PA: less expensive homes
- Taits Gap, AL: less expensive homes
- Sycamore, KS: less expensive homes
- Swofford, WA: equally priced homes
- Story, OK: less expensive homes
- Lebo, MO: less expensive homes
- Lanse, PA: less expensive homes
- Lane, IL: less expensive homes
- Knob Lick, MO: less expensive homes
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