Mount Vernon, IN housing market
The typical Mount Vernon home is worth about $223,000, up 0.8% in a year, 14% below the Indiana typical home. Homes typically sell in 13 days, below asking.
Home values, sales, trends and how Mount Vernon compares with the towns next door — updated as new data is published.
Mount Vernon at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Mount Vernon | Indiana |
|---|---|---|
| 2017 | $125,000 | $135,000 |
| 2018 | $133,000 | $144,000 |
| 2019 | $137,000 | $154,000 |
| 2020 | $143,000 | $164,000 |
| 2021 | $159,000 | $183,000 |
| 2022 | $178,000 | $209,000 |
| 2023 | $187,000 | $227,000 |
| 2024 | $200,000 | $237,000 |
| 2025 | $214,000 | $249,000 |
| 2026 | $223,000 | $256,000 |
| August 2026 | $223,000 | $260,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Mount Vernon in 2025, all single-family houses, worth about $1.1 million to build. That's 0.5 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Mount Vernon has permitted 14 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $367,000 |
| 2025 | 3 | 3 | 0 | $1.1 million |
| 2024 | 1 | 1 | 0 | $175,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $100,000 |
| 2018 | 1 | 1 | 0 | $100,000 |
| 2017 | 3 | 3 | 0 | $680,000 |
| 2016 | 5 | 5 | 0 | $1.3 million |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $150,000 |
| 2013 | 0 | 0 | 0 | — |
How Mount Vernon ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Mount Vernon and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mount Vernon | $223K | +0.8% | $960 | 3 | $62,263 |
| Black | — | +8.3%† | $960 | — | $71,183 |
† FHFA price index change, where Zillow has no home value for the town.
3.6 years of income
The typical Mount Vernon home costs about 3.6 years of the town's median household income, about the same as across Indiana (3.6).
How Mount Vernon ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Mount Vernon is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mount Vernon pay a median of $783, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $730 · 4 bedrooms $1,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47620; Evansville, IN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Mount Vernon
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.