Home Values

Mount Vernon Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$58,900

  • -18.1% 1-year change
  • -5.0% 1-year forecast

The median home value in Mount Vernon is $58,900. Mount Vernon home values have declined -18.1% over the past year and Zillow predicts they will fall -5.0% within the next year. The median price of homes currently listed in Mount Vernon is $89,099.

Foreclosures will be a factor impacting home values in the next several years. In Mount Vernon 10.6 homes are foreclosed (per 10,000). This is lower than the Mobile Metro value of 12.0 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mount Vernon is 4.8%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mount Vernon homeowners underwater on their mortgage is 20.6%, which is lower than Mobile Metro at 24.2%.

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Relative ZHVI
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Mount Vernon Market Overview

Data through Nov 30, 2014
  • $58,900 ZHVI
  • -5.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • No recent data Median listing price
  • No data Median sale price
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Mount Vernon Market Health

Data through Nov 30, 2014
  • 0.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 20.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

10.6 homes Mount Vernon
12 homes Mobile Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Satsuma $127,400
Chunchula $123,000
Bay Minette $118,400
Name Median ZHVI
Creola $116,400
Axis $114,900
Saraland $107,100
Name Median ZHVI
Eight Mile $93,500
Citronelle $90,500
Chickasaw $57,500

Listings & Sales

  • No data
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Mount Vernon Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $754 Mount Vernon
    $896 Mobile Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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