Mount Vernon, WA—98274
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mount Vernon, WA
Home Price Trends — Mount Vernon, WA
As of Oct '25, the median home price in Mount Vernon, WA is $616,000, with a year-over-year change of 2.1%. This indicates that home prices in Mount Vernon, WA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $616,000 | 2.1% |
| Single Family | $625,000 | 2.1% |
| Condos | $391,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $586,000 | 1.6% |
2 Bed | $521,000 | 2.8% |
3 Bed | $606,000 | 2.4% |
4 Bed | $741,000 | 2.1% |
| 5 Bed | $840,000 | 2.3% |
% of Housing Stock
Rental Trends — Mount Vernon, WA
As of July '25, Rentcast reports the average rent in Mount Vernon, WA is $2,400, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Mount Vernon, WA is 1-bedrooms: $1,830, 2-bedrooms: $1,990, 3-bedrooms: $2,880. The most common rental property sizes in Mount Vernon, WA are 3-bedroom and 2-bedroom, accounting for 43.1% and 43.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $1,830 |
| 2 Bed Rent | $2,000 | $1,990 |
| 3 Bed Rent | $2,900 | $2,880 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Vernon, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, WA is 60. This is a increase of 40.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $772,000 | 15.0% |
Listing Count | 79 | 32.0% |
| Listings as % of Homes | 0.4% | 32.0% |
Days on Market | 60 | 40.0% |
Demographics — Mount Vernon, WA
As of the latest ACS Survey released in 2023, Mount Vernon, WA has a population of 19,200, which has increased by 9.1% over the past 5 years. Mount Vernon, WA is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | 9.1% |
% Under 18 | 21.4% | -0.5% |
% Seniors | 21.9% | -8.7% |
% WFH | 13.0% | 100.0% |
% w/ College Degree | 32.7% | 27.2% |
As of the latest ACS Survey released in 2023, Mount Vernon, WA is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Mount Vernon, WA is hispanic, making up 24.0% of the population. Foreign-born residents account for 13.2% of the population in Mount Vernon, WA, and this percentage has decreased by 7.7% 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 | 64.4% | -6.0% |
% Black | 1.3% | 160.0% |
% Hispanic | 24.0% | 4.3% |
% Asian | 3.2% | 45.5% |
% Foreign Born | 13.2% | -7.7% |
Mortgage and Risk — Mount Vernon, WA
According to HUD data as of 2023, there were 351 mortgage originations in Mount Vernon, WA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Vernon, WA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, WA
Mount Vernon, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $2,000 | $1,500 |
| 2 Bedroom | -$40 | $2,000 | $1,960 |
| 3 Bedroom | -$150 | $2,900 | $2,750 |
| 4 Bedroom | N/A | N/A | $2,990 |
Affordability — Mount Vernon, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $616,000 |
| Median Household Income | $93,800 |