Mount Vernon, WA—98273
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 $558,000, with a year-over-year change of 2.2%. This indicates that home prices in Mount Vernon, WA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $558,000 | 2.2% |
| Single Family | $562,000 | 2.0% |
| Condos | $407,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $369,000 | 0.0% |
2 Bed | $435,000 | 1.2% |
3 Bed | $558,000 | 2.0% |
4 Bed | $627,000 | 1.6% |
| 5 Bed | $709,000 | 2.0% |
% of Housing Stock
Rental Trends — Mount Vernon, WA
As of July '25, Rentcast reports the average rent in Mount Vernon, WA is $1,970, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Mount Vernon, WA is studios: $3,060, 1-bedrooms: $1,460, 2-bedrooms: $1,780, 3-bedrooms: $2,230, 4-bedrooms: $3,360. The most common rental property sizes in Mount Vernon, WA are 2-bedroom and 1-bedroom, accounting for 38.5% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,970 |
| Studio Rent | $1,400 | $3,060 |
| 1 Bed Rent | $1,460 | $1,460 |
| 2 Bed Rent | $1,800 | $1,780 |
| 3 Bed Rent | $2,000 | $2,230 |
| 4 Bed Rent | $2,950 | $3,360 |
% 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 52. This is a increase of 28.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $591,000 | 3.0% |
Listing Count | 87 | 44.0% |
| Listings as % of Homes | 0.4% | 44.0% |
Days on Market | 52 | 28.0% |
Demographics — Mount Vernon, WA
As of the latest ACS Survey released in 2023, Mount Vernon, WA has a population of 30,100, which has decreased by -1.7% over the past 5 years. Mount Vernon, WA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,100 | -1.7% |
% Under 18 | 24.7% | -6.4% |
% Seniors | 18.6% | 39.8% |
% WFH | 11.1% | 79.0% |
% w/ College Degree | 24.6% | 9.8% |
As of the latest ACS Survey released in 2023, Mount Vernon, WA is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Mount Vernon, WA is hispanic, making up 32.4% of the population. Foreign-born residents account for 14.0% of the population in Mount Vernon, WA, and this percentage has decreased by 13.6% 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 | 59.9% | -4.0% |
% Black | 0.9% | -18.2% |
% Hispanic | 32.4% | 4.5% |
% Asian | 2.2% | -8.3% |
% Foreign Born | 14.0% | -13.6% |
Mortgage and Risk — Mount Vernon, WA
According to HUD data as of 2023, there were 427 mortgage originations in Mount Vernon, WA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mount Vernon, WA. Investor activity is low, as 1.0% 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 | 427 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mount Vernon, WA
As of 2024, the percent of homes in Mount Vernon, WA under the Section 8 program is 11.0%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mount Vernon, WA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 457 |
Total Units Section 8 | 457 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 70.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,460 | $1,160 |
| 2 Bedroom | -$300 | $1,800 | $1,500 |
| 3 Bedroom | $110 | $2,000 | $2,110 |
| 4 Bedroom | -$610 | $2,950 | $2,340 |
Affordability — Mount Vernon, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $558,000 |
| Median Household Income | $74,200 |