The Most Affordable Neighborhoods in Mount Vernon, OH by Home Value

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 $211,111, lower than the Ohio average of $236,816.

The average cost of rent is $969/mo in Mount Vernon, primarily driven by the current value of real estate in the Mount Vernon area. In Mount Vernon, 35.15% of households rent, and 38.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon is $5,578 per month. Households that rent pay about 17.38% of their income on rent here. Mount Vernon’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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