Mount Vernon, NY—10550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Vernon, NY
As of Oct '25, the median home price in Mount Vernon, NY is $552,000, with a year-over-year change of -3.9%. This indicates that home prices in Mount Vernon, NY are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $552,000 | -3.9% |
| Single Family | $559,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $561,000 | -0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Vernon, NY
As of July '25, Rentcast reports the average rent in Mount Vernon, NY is $2,750, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Mount Vernon, NY is studios: $1,680, 1-bedrooms: $1,710, 2-bedrooms: $2,580, 3-bedrooms: $3,200, 4-bedrooms: $3,780. The most common rental property sizes in Mount Vernon, NY are 2-bedroom and 1-bedroom, accounting for 33.4% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,610 | $2,750 |
| Studio Rent | $1,700 | $1,680 |
| 1 Bed Rent | $1,900 | $1,710 |
| 2 Bed Rent | $2,600 | $2,580 |
| 3 Bed Rent | $3,150 | $3,200 |
| 4 Bed Rent | $3,700 | $3,780 |
% of Rental Stock
Property Listings — Mount Vernon, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, NY is 125. This is a increase of 96.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $742,000 | 39.0% |
Listing Count | 32 | 140.0% |
| Listings as % of Homes | 0.1% | 140.0% |
Days on Market | 125 | 96.0% |
Demographics — Mount Vernon, NY
As of the latest ACS Survey released in 2023, Mount Vernon, NY has a population of 40,100, which has increased by 6.0% over the past 5 years. Mount Vernon, NY is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,100 | 6.0% |
% Under 18 | 21.5% | -10.4% |
% Seniors | 16.6% | 37.2% |
% WFH | 5.9% | 156.5% |
% w/ College Degree | 23.3% | 19.5% |
As of the latest ACS Survey released in 2023, Mount Vernon, NY is a predominantly black area, with 68.9% of the population identifying as black. The black population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Mount Vernon, NY is hispanic, making up 19.7% of the population. Foreign-born residents account for 33.9% of the population in Mount Vernon, NY, and this percentage has increased by 5.0% 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 | 6.6% | -18.5% |
% Black | 68.9% | -6.1% |
% Hispanic | 19.7% | 11.9% |
% Asian | 1.2% | -14.3% |
% Foreign Born | 33.9% | 5.0% |
Mortgage and Risk — Mount Vernon, NY
According to HUD data as of 2023, there were 138 mortgage originations in Mount Vernon, NY, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, NY. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, NY
As of 2024, the percent of homes in Mount Vernon, NY under the Section 8 program is 20.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Mount Vernon, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,362 |
Total Units Section 8 | 2,266 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,900 | $2,270 |
| 2 Bedroom | -$90 | $2,600 | $2,510 |
| 3 Bedroom | -$20 | $3,150 | $3,130 |
| 4 Bedroom | -$330 | $3,700 | $3,370 |
Affordability — Mount Vernon, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.4 |
| Median Home Price | $552,000 |
| Median Household Income | $56,900 |