Foreclosure Homes in Mount Vernon, IA

Current Market Conditions in Mount Vernon, IA

The real estate market in Mount Vernon is currently seeing moderate growth, with an increase in demand for single-family homes. The combination of strong community ties and the presence of Cornell College makes the area appealing for both families and investors, leading to a competitive market for buyers.

Home prices have been steadily rising, but there are still opportunities for investors to find reasonably priced properties. The market is characterized by a mix of historical homes and newer developments, catering to diverse buyer preferences and providing potential for property value appreciation.

Rent Prices In Mount Vernon, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Vernon, IA, is on a rollercoaster ride. The average rent price in Mount Vernon, IA, is $1,700.00. Indeed, when looking to rent in Mount Vernon, IA, you can expect to pay as little as $870.00 or as much as $3,790.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Mount Vernon, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.