Mount Vernon, KY—40456
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mount Vernon, KY
Home Price Trends — Mount Vernon, KY
Mount Vernon, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 6.5% |
| Single Family | $146,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 4.2% |
3 Bed | $185,000 | 6.3% |
4 Bed | $234,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Vernon, KY
Mount Vernon, KY 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 — Mount Vernon, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, KY is 64. This is a decrease of -28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 14.0% |
Listing Count | 23 | 37.0% |
| Listings as % of Homes | 0.2% | 37.0% |
Days on Market | 64 | -28.0% |
Demographics — Mount Vernon, KY
As of the latest ACS Survey released in 2023, Mount Vernon, KY has a population of 8,320, which has decreased by -15.5% over the past 5 years. Mount Vernon, KY is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,320 | -15.5% |
% Under 18 | 19.7% | -5.3% |
% Seniors | 21.1% | 13.4% |
% WFH | 7.0% | 233.3% |
% w/ College Degree | 17.4% | 41.5% |
As of the latest ACS Survey released in 2023, Mount Vernon, KY is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Mount Vernon, KY is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.6% of the population in Mount Vernon, KY, and this percentage has increased by 100.0% 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 | 94.9% | -1.7% |
% Black | 0.1% | -66.7% |
% Hispanic | 1.7% | 21.4% |
% Asian | 0.6% | ∞% |
% Foreign Born | 0.6% | 100.0% |
Mortgage and Risk — Mount Vernon, KY
According to HUD data as of 2023, there were 139 mortgage originations in Mount Vernon, KY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, KY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, KY
Mount Vernon, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 122 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Mount Vernon, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $147,000 |
| Median Household Income | $46,900 |