Mount Vernon, IA—52314
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Vernon, IA
As of Oct '25, the median home price in Mount Vernon, IA is $336,000, with a year-over-year change of 2.8%. This indicates that home prices in Mount Vernon, IA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $336,000 | 2.8% |
| Single Family | $339,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 4.6% |
3 Bed | $328,000 | 2.8% |
4 Bed | $357,000 | 2.0% |
| 5 Bed | $456,000 | 1.8% |
% of Housing Stock
Rental Trends — Mount Vernon, IA
As of July '25, Rentcast reports the average rent in Mount Vernon, IA is $818, with a year-over-year rent change of 9.9%. Per bedroom, the median rent as of July '25 in Mount Vernon, IA is 2-bedrooms: $818. The most common rental property sizes in Mount Vernon, IA are 4-bedroom and 3-bedroom, accounting for 31.1% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $818 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $818 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Vernon, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, IA is 54. This is a decrease of -24.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $411,000 | 24.0% |
Listing Count | 36 | 7.0% |
| Listings as % of Homes | 1.1% | 7.0% |
Days on Market | 54 | -24.0% |
Demographics — Mount Vernon, IA
As of the latest ACS Survey released in 2023, Mount Vernon, IA has a population of 6,050, which has decreased by -1.2% over the past 5 years. Mount Vernon, IA is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 44.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | -1.2% |
% Under 18 | 24.4% | -12.9% |
% Seniors | 12.1% | 17.5% |
% WFH | 19.3% | 302.1% |
% w/ College Degree | 44.5% | -12.7% |
As of the latest ACS Survey released in 2023, Mount Vernon, IA is a predominantly white area, with 93.7% of the population identifying as white. The white population has grown by 9.7% in the last 5 years. The second most common race or ethnicity in Mount Vernon, IA is hispanic, making up 2.6% of the population. Foreign-born residents account for 2.2% of the population in Mount Vernon, IA, and this percentage has decreased by 29.0% 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 | 93.7% | 9.7% |
% Black | 1.4% | -57.6% |
% Hispanic | 2.6% | -63.9% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 2.2% | -29.0% |
Mortgage and Risk — Mount Vernon, IA
According to HUD data as of 2023, there were 161 mortgage originations in Mount Vernon, IA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Vernon, IA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, IA
Mount Vernon, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | $180 | $800 | $980 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Mount Vernon, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $336,000 |
| Median Household Income | $107,000 |