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 $135,073, lower than the Tennessee average of $218,916.
The average cost of rent is $608/mo in Mount Vernon, primarily driven by the current value of real estate in the Mount Vernon area. While nearly 73.67% of residents own their homes outright in Mount Vernon, 16.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon is $3,340 per month. Households that rent pay about 18.20% of their income on rent here. Mount Vernon's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Gudger, TN: higher priced homes
- Madisonville, TN: higher priced homes
- Hiwassee College, TN: higher priced homes
- Nonaburg, TN: less expensive homes
- Sweetwater, TN: equally priced homes
- Englewood, TN: equally priced homes
- Hopewell Springs, TN: higher priced homes
- Big Creek, TN: equally priced homes
- Tellico Hills, TN: higher priced homes
- Niota, TN: higher priced homes
Cities with Similar Populations
- Denmark, ME: higher priced homes
- El Toro, TX: equally priced homes
- Effingham, KS: less expensive homes
- Eau Galle, WI: higher priced homes
- Yosemite, KY: less expensive homes
- East Point, TX: higher priced homes
- East Lemon, PA: higher priced homes
- East Camden, AR: less expensive homes
- Dundee, WI: higher priced homes
- Duncombe, IA: higher priced homes
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