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

$378,800

  • 6.8% 1-year change
  • 0.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Mount Vernon is $378,800. Mount Vernon home values have gone up 6.8% over the past year and Zillow predicts they will rise 0.2% within the next year. The median list price per square foot in Mount Vernon is $130, which is lower than the New York Metro average of $251. The median price of homes currently listed in Mount Vernon is $215,000 while the median price of homes that sold is $488,000. The median rent price in Mount Vernon is $1,475, which is lower than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Mount Vernon 4.5 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 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 27.0%, which is higher 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 23.7%, which is higher than New York Metro at 13.6%.

Read more
Relative ZHVI
- +

Mount Vernon Market Overview

Data through Nov 30, 2014
  • $378,800 ZHVI
  • 0.2% 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)
  • $215,000 Median listing price
  • $488,000 Median sale price (Oct 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Mount Vernon Market Health

Data through Nov 30, 2014
  • 2.6/10 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
  • 23.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 27.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes Mount Vernon
1.5 homes New York Metro
4.2 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Larchmont $1,020,300
Greenville $830,800
Pelham Manor $786,000
Name Median ZHVI
Bronxville $690,100
Eastchester $620,700
New Rochelle $614,000
Name Median ZHVI
Pelham $559,500
Tuckahoe $539,700
Yonkers $375,900

Listings & Sales

Data through Nov 30, 2014
  • $130 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
12.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Mount Vernon Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,727 Mount Vernon
    $2,329 New York 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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,475 Rent list price
  • $1.66 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading