Mount Vernon, NY—10552
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 $525,000, with a year-over-year change of 0.3%. This indicates that home prices in Mount Vernon, NY are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $525,000 | 0.3% |
| Single Family | $751,000 | 0.3% |
| 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 | $730,000 | 1.1% |
4 Bed | $893,000 | 1.2% |
| 5 Bed | $988,000 | 3.2% |
% of Housing Stock
Rental Trends — Mount Vernon, NY
As of July '25, Rentcast reports the average rent in Mount Vernon, NY is $2,820, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Mount Vernon, NY is studios: $2,380, 1-bedrooms: $2,120, 2-bedrooms: $2,770, 3-bedrooms: $3,390, 4-bedrooms: $4,250. The most common rental property sizes in Mount Vernon, NY are 1-bedroom and 2-bedroom, accounting for 37.6% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,820 |
| Studio Rent | $2,380 | $2,380 |
| 1 Bed Rent | $2,150 | $2,120 |
| 2 Bed Rent | $2,800 | $2,770 |
| 3 Bed Rent | $3,500 | $3,390 |
| 4 Bed Rent | $4,250 | $4,250 |
% 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 45. This is a increase of 12.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $202,000 | 9.0% |
Listing Count | 103 | 62.0% |
| Listings as % of Homes | 0.7% | 62.0% |
Days on Market | 45 | 12.0% |
Demographics — Mount Vernon, NY
As of the latest ACS Survey released in 2023, Mount Vernon, NY has a population of 21,500, which has increased by 9.9% over the past 5 years. Mount Vernon, NY is a moderately popular place for families, as children make up 15.0% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | 9.9% |
% Under 18 | 15.0% | -6.2% |
% Seniors | 22.3% | 0.0% |
% WFH | 12.5% | 290.6% |
% w/ College Degree | 51.5% | 22.3% |
As of the latest ACS Survey released in 2023, Mount Vernon, NY is a predominantly black area, with 40.3% of the population identifying as black. The black population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Mount Vernon, NY is white, making up 30.8% of the population. Foreign-born residents account for 26.6% of the population in Mount Vernon, NY, and this percentage has decreased by 11.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.8% | -21.6% |
% Black | 40.3% | 2.8% |
% Hispanic | 17.2% | -7.5% |
% Asian | 4.8% | 41.2% |
% Foreign Born | 26.6% | -11.0% |
Mortgage and Risk — Mount Vernon, NY
According to HUD data as of 2023, there were 232 mortgage originations in Mount Vernon, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, NY. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
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 9.3%. This is considered low, suggesting that the neighborhood is sparsely 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 | 311 |
Total Units Section 8 | 305 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $2,150 | $2,360 |
| 2 Bedroom | -$190 | $2,800 | $2,610 |
| 3 Bedroom | -$250 | $3,500 | $3,250 |
| 4 Bedroom | -$740 | $4,250 | $3,510 |
Affordability — Mount Vernon, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $525,000 |
| Median Household Income | $97,100 |