Mount Vernon, NY—10553
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 $562,000, with a year-over-year change of -5.3%. This indicates that home prices in Mount Vernon, NY are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $562,000 | -5.3% |
| Single Family | $576,000 | -5.9% |
| 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 | $577,000 | -0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Vernon, NY
As of July '25, Rentcast reports the average rent in Mount Vernon, NY is $3,050, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Mount Vernon, NY is 1-bedrooms: $2,600, 2-bedrooms: $2,510, 3-bedrooms: $3,190, 4-bedrooms: $3,680. The most common rental property sizes in Mount Vernon, NY are 3-bedroom and 2-bedroom, accounting for 33.1% and 18.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,600 | $2,600 |
| 2 Bed Rent | $2,500 | $2,510 |
| 3 Bed Rent | $3,200 | $3,190 |
| 4 Bed Rent | $3,700 | $3,680 |
% 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 109. This is a increase of 26.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $692,000 | 18.0% |
Listing Count | 25 | 88.0% |
| Listings as % of Homes | 0.4% | 88.0% |
Days on Market | 109 | 26.0% |
Demographics — Mount Vernon, NY
As of the latest ACS Survey released in 2023, Mount Vernon, NY has a population of 10,800, which has increased by 3.7% over the past 5 years. Mount Vernon, NY is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 3.7% |
% Under 18 | 19.7% | -16.2% |
% Seniors | 14.4% | 2.1% |
% WFH | 5.9% | 742.9% |
% w/ College Degree | 42.9% | 38.4% |
As of the latest ACS Survey released in 2023, Mount Vernon, NY is a predominantly black area, with 70.0% of the population identifying as black. The black population has shrunk by 21.9% in the last 5 years. The second most common race or ethnicity in Mount Vernon, NY is hispanic, making up 15.4% of the population. Foreign-born residents account for 35.0% of the population in Mount Vernon, NY, and this percentage has decreased by 2.5% 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 | 12.2% | 510.0% |
% Black | 70.0% | -21.9% |
% Hispanic | 15.4% | 71.1% |
% Asian | 0.7% | 16.7% |
% Foreign Born | 35.0% | -2.5% |
Mortgage and Risk — Mount Vernon, NY
According to HUD data as of 2023, there were 92 mortgage originations in Mount Vernon, NY, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
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 11.9%. 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. 2-bedroom and 3-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 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 226 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $2,600 | $2,350 |
| 2 Bedroom | $100 | $2,500 | $2,600 |
| 3 Bedroom | $40 | $3,200 | $3,240 |
| 4 Bedroom | -$200 | $3,700 | $3,500 |
Affordability — Mount Vernon, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $562,000 |
| Median Household Income | $84,200 |