Mount Vernon, Washington 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 22% below the Washington median$377,859
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Median rent 20% below the Washington median$1,411
Housing Market Overview
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,859 | $485,016 | $248,835 |
| Price Trend (Annual %) | 6.5% | 10.9% | 7.5% |
| Median Gross Rent | $1,411 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mount Vernon is about 22% lower than in Washington. Rent is about 20% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mount Vernon, up about 6.5% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Mount Vernon rose about 68.9% between 2015 and 2024, from $836 to $1,411. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Mount Vernon.
Buying the median-priced home in Mount Vernon costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mount Vernon. The price-to-rent ratio in Washington is about 23.0.
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,859 | $485,016 | $248,835 |
| Median Household Income | $74,681 | $98,224 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mount Vernon rose about 95.4%, while median household income rose about 49.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.0% | 59.1% | 58.5% |
| Rental Rate | 40.5% | 33.6% | 31.2% |
| Vacancy Rate | 2.5% | 7.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Mount Vernon has a homeownership rate of 57.0%, lower than the Washington average of 59.1%. Its housing vacancy rate is 2.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1983 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Mount Vernon was built around 1981. On average, 2.6 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mount Vernon, Washington.
What is the median home price in Mount Vernon, Washington?
The median home price in Mount Vernon, Washington is $377,859, lower than the Washington average of $485,016.
What is the average home price in Mount Vernon, Washington?
The typical home price in Mount Vernon, Washington, reported as the median sale price, is $377,859. 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, Washington?
The median gross rent in Mount Vernon, Washington is $1,411 per month, lower than the Washington average of $1,759.
What was the median gross rent in Mount Vernon in 2020?
In 2020, the median gross rent in Mount Vernon, Washington was $1,064 per month.
What is the price-to-rent ratio in Mount Vernon, Washington?
The price-to-rent ratio in Mount Vernon, Washington is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mount Vernon.
Are home prices or rent rising faster in Mount Vernon, Washington?
Both home prices and rent are rising in Mount Vernon, up about 6.5% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mount Vernon, Washington?
57.0% of households in Mount Vernon, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Mount Vernon, Washington?
The housing vacancy rate in Mount Vernon, Washington is 2.5%, lower than the Washington average of 7.3%.
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