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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 $211,958, lower than the South Dakota average of $268,202.
The average cost of rent is $417/mo in Mount Vernon, primarily driven by the current value of real estate in the Mount Vernon area. In Mount Vernon, 30.24% of households rent, and 50.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon is $6,858 per month. Households that rent pay about 6.07% of their income on rent here. Mount Vernon’s most expensive areas are in the central 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
- Plankinton, SD: less expensive homes
- Loomis, SD: higher priced homes
- Storla, SD: less expensive homes
- Mitchell, SD: higher priced homes
- Stickney, SD: less expensive homes
- Hillside, SD: equally priced homes
- Riverside, SD: higher priced homes
- Letcher, SD: less expensive homes
- Ethan, SD: higher priced homes
- Plano, SD: equally priced homes
Cities with Similar Populations
- Central Bridge, NY: equally priced homes
- Weir, TX: higher priced homes
- Webb, MS: less expensive homes
- Enterprise, WV: less expensive homes
- Chevy Chase Section Three, MD: higher priced homes
- Chestnut Gap, KY: less expensive homes
- Chelsea, VT: higher priced homes
- Charlotte, AR: less expensive homes
- Champion, MI: less expensive homes
- Chalmers, IN: less expensive homes
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