Mount Vernon, New York Housing Market Prices
Mount Vernon Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 84% below the New York median$77,399
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Median rent About the same as the New York median$1,628
Housing Market Overview
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,399 | $471,885 | $248,835 |
| Price Trend (Annual %) | -4.4% | 7.1% | 7.5% |
| Median Gross Rent | $1,628 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mount Vernon is about 84% lower than in New York. Rent follows a similar pattern, running close to the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Mount Vernon: home prices fell about 4.4% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in Mount Vernon rose about 33.9% between 2015 and 2024, from $1,215 to $1,628. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Mount Vernon.
Buying the median-priced home in Mount Vernon costs roughly 4.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mount Vernon. The price-to-rent ratio in New York is about 24.3.
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,399 | $471,885 | $248,835 |
| Median Household Income | $77,912 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mount Vernon fell about 57.3%, while median household income rose about 47.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.0% | 48.8% | 58.5% |
| Rental Rate | 53.3% | 41.1% | 31.2% |
| Vacancy Rate | 6.7% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Mount Vernon has a homeownership rate of 40.0%, lower than the New York average of 48.8%. Its housing vacancy rate is 6.7%, compared with 10.1% in New York.
Housing Stock
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1954 | 1960 | 1978 |
| Median Number of Rooms | 4.1 | 5.0 | 5.5 |
The typical housing unit in Mount Vernon was built around 1954. On average, 2.5 people live in a home with about 4.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mount Vernon, New York.
What is the median home price in Mount Vernon, New York?
The median home price in Mount Vernon, New York is $77,399, lower than the New York average of $471,885.
What is the average home price in Mount Vernon, New York?
The typical home price in Mount Vernon, New York, reported as the median sale price, is $77,399. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mount Vernon, New York?
The median gross rent in Mount Vernon, New York is $1,628 per month, about the same as the New York average.
What was the median gross rent in Mount Vernon in 2020?
In 2020, the median gross rent in Mount Vernon, New York was $1,326 per month.
What is the price-to-rent ratio in Mount Vernon, New York?
The price-to-rent ratio in Mount Vernon, New York is about 4.0, meaning it would take roughly 4.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mount Vernon.
Are home prices or rent rising faster in Mount Vernon, New York?
Home prices and rent are moving in opposite directions in Mount Vernon: home prices fell about 4.4% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mount Vernon, New York?
40.0% of households in Mount Vernon, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Mount Vernon, New York?
The housing vacancy rate in Mount Vernon, New York is 6.7%, lower than the New York average of 10.1%.
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