Mount Vernon, VA—22309
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Vernon, VA
As of Oct '25, the median home price in Mount Vernon, VA is $578,000, with a year-over-year change of 0.0%. This indicates that home prices in Mount Vernon, VA are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $578,000 | 0.0% |
| Single Family | $680,000 | 0.0% |
| Condos | $275,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $221,000 | 2.3% |
2 Bed | $270,000 | 1.1% |
3 Bed | $505,000 | 0.0% |
4 Bed | $768,000 | 0.1% |
| 5 Bed | $927,000 | -0.1% |
% of Housing Stock
Rental Trends — Mount Vernon, VA
As of July '25, Rentcast reports the average rent in Mount Vernon, VA is $2,960, with a year-over-year rent change of 25.4%. Per bedroom, the median rent as of July '25 in Mount Vernon, VA is 1-bedrooms: $1,520, 2-bedrooms: $2,120, 3-bedrooms: $3,030, 4-bedrooms: $4,170. The most common rental property sizes in Mount Vernon, VA are 2-bedroom and 1-bedroom, accounting for 39.9% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,520 |
| 2 Bed Rent | $1,950 | $2,120 |
| 3 Bed Rent | $3,000 | $3,030 |
| 4 Bed Rent | $3,950 | $4,170 |
% of Rental Stock
Property Listings — Mount Vernon, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Vernon, VA is 32. This is a increase of 7.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $630,000 | 2.0% |
Listing Count | 89 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 32 | 7.0% |
Demographics — Mount Vernon, VA
As of the latest ACS Survey released in 2023, Mount Vernon, VA has a population of 34,900, which has decreased by -3.8% over the past 5 years. Mount Vernon, VA is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,900 | -3.8% |
% Under 18 | 25.4% | -6.6% |
% Seniors | 14.7% | 44.1% |
% WFH | 16.2% | 295.1% |
% w/ College Degree | 44.2% | 13.0% |
As of the latest ACS Survey released in 2023, Mount Vernon, VA is a predominantly hispanic area, with 35.6% of the population identifying as hispanic. The hispanic population has grown by 8.9% in the last 5 years. The second most common race or ethnicity in Mount Vernon, VA is white, making up 28.8% of the population. Foreign-born residents account for 30.8% of the population in Mount Vernon, VA, and this percentage has decreased by 9.4% 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 | 28.8% | -5.6% |
% Black | 26.1% | 12.0% |
% Hispanic | 35.6% | 8.9% |
% Asian | 6.7% | -18.3% |
% Foreign Born | 30.8% | -9.4% |
Mortgage and Risk — Mount Vernon, VA
According to HUD data as of 2023, there were 466 mortgage originations in Mount Vernon, VA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, VA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 466 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, VA
As of 2024, the percent of homes in Mount Vernon, VA under the Section 8 program is 8.3%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Mount Vernon, VA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 347 |
Total Units Section 8 | 347 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,650 | $1,820 |
| 2 Bedroom | $100 | $1,950 | $2,050 |
| 3 Bedroom | -$440 | $3,000 | $2,560 |
| 4 Bedroom | -$930 | $3,950 | $3,020 |
Affordability — Mount Vernon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $578,000 |
| Median Household Income | $102,000 |