Housing in Mount Vernon

A typical Mount Vernon home is worth roughly $187,000

Home prices around Mount Vernon have risen about 55% over the past 5 years.

Typical home value

$187K

▲ 3.9% in a year · MD $428K

Estimate

2-bedroom rent

$1,170

a month, utilities in · HUD

Median tax bill

$1,348

MD $4,093

What kind of housing town is Mount Vernon?

Read from the numbers below. The page puts what stands out first.

Your money goes further56% below the Maryland typical home.A town of owners94% of households own their home.Newer homesThe typical home was built around 2002.

★ What stands out · Affordability

A typical home costs 1.6 years of income

Less than across Maryland (4.1 years). Try your own numbers below.

You could afford about

$449,000

Typical Mount Vernon home $187K

That covers a typical Mount Vernon home, with $262K to spare.

The typical home, each month

$1,110

Loan $920Tax $130Insurance $50

A two-bedroom rents for about $1,170 a month here, $60 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Mount Vernon’s typical property tax (0.82% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

94% of Mount Vernon households own their home

Half of Mount Vernon’s homes were built before 2002.

Owners and renters

Own 94%Rent 6%

Maryland: 68% own.

2002

typical home built · MD 1979

$1,348

median property tax bill · MD $4,093

0.82%

of a home’s value, a year in tax · MD 0.97%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 55% in 5 years

The federal house price index for the ZIP code around Mount Vernon rose 55% over the past 5 years, faster than across Maryland (40%). Last year prices rose 3.9%. Carrying the Census median home value forward with that index puts the typical Mount Vernon home at roughly $187,000 today.

Mount Vernon areaMaryland

+3.9%

past year

+55%

past 5 years

+71%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $187K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Mount Vernon, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,170

Fair Market Rent a month, utilities included

Studio$900

1 bedroom$910

2 bedrooms$1,170

3 bedrooms$1,590

4 bedrooms$1,670

of households rent · MD 32%

renter households

100%

of renters spend 30%+ of income on rent · MD 52%

12%

of the median income, for a two-bedroom

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Somerset County, MD HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Mount Vernon buyers, sellers and renters are saying.

Town Square →

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Is Mount Vernon still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.