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Rent To Own Homes in Mount Vernon, IL

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Mount Vernon, IL Foreclosures

How much do homes sell for in Mount Vernon, IL?
The average home price is currently $167,050.
In Mount Vernon, IL, how many homes are available?
There are currently 16 active home listings available in Mount Vernon.
What’s the average rental cost in Mount Vernon, IL?
The average rental price in Mount Vernon is $996.
What is the most expensive home in Mount Vernon?
The most expensive home sold in Mount Vernon had a price of $63,785,170.
What is currently the cheapest priced home in Mount Vernon, IL?
The cheapest home for sale in Mount Vernon is priced at $6,829.

Living in Mount Vernon, IL

Mount Vernon, IL, is a friendly city in southern Illinois that offers a tight-knit community atmosphere and a range of recreational activities. Known for its historical significance and family-friendly environment, it provides residents with a variety of amenities, parks, and local events that enhance the quality of life.

Current Market Conditions in Mount Vernon, IL

Currently, Mount Vernon is experiencing a balanced real estate market with prices showing steady growth. There is a healthy inventory of homes available, catering to a wide range of buyers from first-time homeowners to those looking for larger family residences.

The demand for housing in Mount Vernon remains strong due to its attractive location and amenities, alongside a reasonable cost of living compared to neighboring areas. Investors are also drawn to the city for its potential for rental income and long-term appreciation.

Home Value Estimator For Mount Vernon, IL

There are currently 8,243 real estate properties in Mount Vernon, IL, with a median automated valuation model (AVM) price of $109,972.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mount Vernon, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mount Vernon, IL, is $167,050.00, with the most expensive house in Mount Vernon, IL, topping out at $63,785,170.00 and the cheapest home in Mount Vernon, IL, clocking in at $6,829.00. In other words, there’s something for every potential homebuyer or savvy investor in Mount Vernon, IL!

Rent Prices In Mount Vernon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Vernon, IL, is on a rollercoaster ride. The average rent price in Mount Vernon, IL, is $996.00. Indeed, when looking to rent in Mount Vernon, IL, you can expect to pay as little as $450.00 or as much as $2,700.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Mount Vernon, IL -- 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.

Mount Vernon, IL Rent To Own Homes

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