Mt Vernon, ME—04352
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mt Vernon, ME
As of Oct '25, the median home price in Mt Vernon, ME is $334,000, with a year-over-year change of -0.9%. This indicates that home prices in Mt Vernon, ME are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | -0.9% |
| Single Family | $334,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | -0.8% |
2 Bed | $313,000 | -1.9% |
3 Bed | $375,000 | -0.5% |
4 Bed | $453,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mt Vernon, ME
Mt Vernon, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mt Vernon, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Mt Vernon, ME is 59. This is a decrease of -43.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $557,000 | -11.0% |
Listing Count | 10 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 59 | -43.0% |
Demographics — Mt Vernon, ME
As of the latest ACS Survey released in 2023, Mt Vernon, ME has a population of 1,730, which has increased by 16.1% over the past 5 years. Mt Vernon, ME is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,730 | 16.1% |
% Under 18 | 22.6% | 21.5% |
% Seniors | 22.5% | 32.4% |
% WFH | 25.9% | 640.0% |
% w/ College Degree | 39.3% | 9.2% |
As of the latest ACS Survey released in 2023, Mt Vernon, ME is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Mt Vernon, ME is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.0% of the population in Mt Vernon, ME, and this percentage has increased by 233.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.2% | -6.0% |
% Black | 0.0% | N/A |
% Hispanic | 4.3% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | 233.3% |
Mortgage and Risk — Mt Vernon, ME
According to HUD data as of 2023, there were 92 mortgage originations in Mt Vernon, ME, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Mt Vernon, ME. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mt Vernon, ME
Mt Vernon, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Mt Vernon, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $334,000 |
| Median Household Income | $73,700 |