The housing in Mount Vernon, KY, 40456 has a median value of $115,900. This is significantly lower than the US house median value of $338,100. Similarly, the 1 year house appreciation rate in the area was 8.08%, just slightly less than the US average 1 year house appreciation rate of 8.27%. In conclusion, while affordability is a strong draw for this area of Kentucky, it does not experience quite the same appreciation as other areas of the US.
The median home cost in Mount Vernon (zip 40456) is $115,900. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Mount Vernon (zip 40456) is up 15.5%.
Average Age of Homes
- The median age of Mount Vernon (zip 40456) real estate is 29 years old
The Rental Market in Mount Vernon (zip 40456)
- Renters make up 18.1% of the Mount Vernon (zip 40456) population
- 0.3% of houses and apartments in Mount Vernon (zip 40456), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.