Mount Vernon, OH—43050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Vernon, OH
As of Oct '25, the median home price in Mount Vernon, OH is $240,000, with a year-over-year change of 5.5%. This indicates that home prices in Mount Vernon, OH are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 5.5% |
| Single Family | $239,000 | 6.2% |
| Condos | $259,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $123,000 | 4.2% |
2 Bed | $186,000 | 6.9% |
3 Bed | $253,000 | 5.9% |
4 Bed | $335,000 | 5.7% |
| 5 Bed | $432,000 | 2.4% |
% of Housing Stock
Rental Trends — Mount Vernon, OH
As of July '25, Rentcast reports the average rent in Mount Vernon, OH is $1,170, with a year-over-year rent change of -23.5%. Per bedroom, the median rent as of July '25 in Mount Vernon, OH is 1-bedrooms: $897, 2-bedrooms: $1,060, 3-bedrooms: $2,200. The most common rental property sizes in Mount Vernon, OH are 2-bedroom and 3-bedroom, accounting for 34.6% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $897 |
| 2 Bed Rent | $1,050 | $1,060 |
| 3 Bed Rent | $1,950 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Vernon, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, OH is 36. This is a decrease of -21.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -11.0% |
Listing Count | 103 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 36 | -21.0% |
Demographics — Mount Vernon, OH
As of the latest ACS Survey released in 2023, Mount Vernon, OH has a population of 30,400, which has increased by 6.5% over the past 5 years. Mount Vernon, OH is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | 6.5% |
% Under 18 | 20.5% | -1.4% |
% Seniors | 20.9% | 8.3% |
% WFH | 9.9% | 115.2% |
% w/ College Degree | 25.4% | 3.3% |
As of the latest ACS Survey released in 2023, Mount Vernon, OH is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Mount Vernon, OH is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.6% of the population in Mount Vernon, OH, and this percentage has decreased by 5.9% 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 | 91.5% | -3.9% |
% Black | 1.2% | 33.3% |
% Hispanic | 2.9% | 61.1% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 1.6% | -5.9% |
Mortgage and Risk — Mount Vernon, OH
According to HUD data as of 2023, there were 537 mortgage originations in Mount Vernon, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, OH. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, OH
Mount Vernon, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 617 |
Total Units Section 8 | 615 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $700 | $960 |
| 2 Bedroom | $130 | $1,050 | $1,180 |
| 3 Bedroom | -$530 | $1,950 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Mount Vernon, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $240,000 |
| Median Household Income | $65,000 |