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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,541 people, 748 houses or apartments, and a median cost of homes of $214,556, house prices in Mount Vernon are solidly below the national average.
Single-family detached homes are the single most common housing type in Mount Vernon, accounting for 77.56% of the town's housing units. Other types of housing that are prevalent in Mount Vernon include large apartment complexes or high rise apartments ( 9.56%), row houses and other attached homes ( 5.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).
The most prevalent building size and type in Mount Vernon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.09% owning and 40.91% 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 2000 and later ( 23.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.56%). There's also some housing in Mount Vernon built before 1939 ( 11.78%).
Vacant housing appears to be an issue in Mount Vernon. Fully 16.89% 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.
In the last 10 years, Mount Vernon has experienced some of the highest home appreciation rates of any community in the nation. Mount Vernon real estate appreciated 111.37% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Mount Vernon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Vernon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Mount Vernon appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Vernon's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Vernon were at 1.44%, which equates to an annual appreciation rate of 5.89%.
Relative to Texas, our data show that Mount Vernon's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$214,556
for Texas
for nation
748
$1,681 / per month