The typical owner-occupied home in Mount Vernon is worth about $103,600, 45% below the Arkansas median of $188,000 and 69% below the national median of $332,700. The median household earns $39,286 a year, so the median home costs 2.6 times the median income (3.1 times for Arkansas). 71% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Mount Vernon at a glance
| Mount Vernon | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $103,600 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | $39,286 | $60,773 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 21% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,175 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 18.5% | 21.0% |
| Median rent | $725 | $947 | $1,413 |
| Rent as a share of renters' income | 35.0% | 27.6% | 30.6% |
| Median year homes were built | 1984 | 1987 | 1980 |
| Vacant homes | 21.3% | 13.5% | 10.1% |
| Population | 182 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Mount Vernon
At this week's average 30-year rate of 7.11%, buying the median Mount Vernon home of $103,600 with 20% down costs about $696 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $868, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,814 for the 20%-down payment. That payment is 21% of the median Mount Vernon household income of $39,286; at that income and 20% down, the 28% guideline points to a home of about $137,000.
The median rent here is $725 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,720 |
|---|---|
| Loan amount | $82,880 |
| Principal and interest | $558 |
| Property taxes (1.10% a year) | $95 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $696 |
Change the numbers in the calculator
| Down payment | $3,626 |
|---|---|
| Loan amount | $101,724 |
| Principal and interest | $684 |
| Property taxes (1.10% a year) | $95 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $868 |
Change the numbers in the calculator
Questions about home buying in Mount Vernon
What is the median home value in Mount Vernon?
About $103,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Mount Vernon?
For the median home with 20% down at 7.11%, the payment is about $696 a month. Keeping that under 28% of gross income takes about $29,814 a year.
More about Mount Vernon
- Mortgage Refinance in Mount Vernon
- Debt Relief in Mount Vernon
- Home Equity Loans in Mount Vernon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data