Foreclosure Homes in Mount Vernon, KY 40456

Buyer vs Seller Market in Mount Vernon, KY

The real estate market in Mount Vernon, KY, has shown steady growth over the past year, with an increase in demand for homes as more individuals seek out rural living for its affordability and community feel. Prices for homes have seen a moderate increase as buyers from urban areas look for more space and a change in lifestyle amid the ongoing shifts in work and living preferences due to the pandemic.

There has been a notable trend towards family-sized homes, with more buyers looking for properties that accommodate longer-term living arrangements. Investors are also paying attention to Mount Vernon as a potential rental market, given the growing population and new businesses opening in the area.

Rent Prices In Mount Vernon, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Vernon, KY, is on a rollercoaster ride. The average rent price in Mount Vernon, KY, is $791.00. Indeed, when looking to rent in Mount Vernon, KY, you can expect to pay as little as $390.00 or as much as $1,650.00, with the average rent median estimated to be $810.00. The good news is that finding an affordable and desirable property to rent in Mount Vernon, KY -- 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.