menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mount Vernon, KY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mount Vernon, KY Housing Market Trends

With 2,472 people, 889 houses or apartments, and a median cost of homes of $106,132, house prices in Mount Vernon are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Mount Vernon, accounting for 55.53% of the city's housing units. Other types of housing that are prevalent in Mount Vernon include mobile homes or trailers ( 19.25%), large apartment complexes or high rise apartments ( 16.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.60%).

The most prevalent building size and type in Mount Vernon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.03% owning and 55.97% renting.

There is a lot of housing in Mount Vernon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Vernon built between 1940-1969 ( 24.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.08%). There's also some housing in Mount Vernon built before 1939 ( 5.97%).

Vacant housing appears to be an issue in Mount Vernon. Fully 14.44% of the housing stock is classified as vacant. Left unchecked, vacant Mount Vernon homes and apartments can be a drag on the real estate market, holding Mount Vernon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Vernon Home Appreciation Rates

Mount Vernon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Vernon during the period has been just 5.14%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Mount Vernon's appreciation rate, at 6.80%, has been at or slightly above the national average. In the latest quarter, Mount Vernon's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.

Relative to Kentucky, our data show that Mount Vernon's latest annual appreciation rate is lower than 60% of the other cities and towns in Kentucky.

Average Home Values

Median Home Value

$106,132

Mount Vernon, KY Home Prices
> $1,207,000
$905,001 - $1,207,000
$604,001 - $905,000
$483,001 - $604,000
$362,001 - $483,000
$241,001 - $362,000
$121,001 - $241,000
$60,001 - $121,000
$0 - $60,000
0.0%
0.0%
0.9%
0.9%
2.6%
2.6%
1.1%
1.1%
2.5%
2.5%
2.3%
2.3%
29.9%
29.9%
36.3%
36.3%
24.6%
24.6%
0% 100.0%
% of Homes
Very Low

for Kentucky

Very Low

for nation

Number of Homes And Apartments:

889

Mount Vernon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,247 / per month

Homeownership Rate

Owners
Renters
44.0%
44.0%
56.0%
56.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.4%
14.4%
85.6%
85.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.1%
21.1%
48.6%
48.6%
24.4%
24.4%
6.0%
6.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.5%
55.5%
1.4%
1.4%
7.6%
7.6%
16.2%
16.2%
19.2%
19.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
16.1%
16.1%
29.1%
29.1%
46.4%
46.4%
4.4%
4.4%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Mount Vernon

Zip Codes in Mount Vernon, KY