The typical owner-occupied home in Mount Vernon is worth about $111,400, 46% below the Kentucky median of $205,600 and 67% below the national median of $332,700. Owners pay a median $485 a year in property taxes, about 0.44% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $38,697 a year, so the median home costs 2.9 times the median income (3.2 times for Kentucky). 50% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Mount Vernon at a glance
| Mount Vernon | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $111,400 | $205,600 | $332,700 |
| Median property tax paid per year | $485 | $1,544 | $3,119 |
| Property tax as a share of value | 0.44% | 0.75% | 0.94% |
| Median household income | $38,697 | $63,726 | $80,734 |
| Homes lived in by their owners | 50% | 68% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $904 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 15.4% | 18.8% | 21.0% |
| Median rent | $620 | $967 | $1,413 |
| Rent as a share of renters' income | 26.1% | 28.1% | 30.6% |
| Median year homes were built | 1978 | 1982 | 1980 |
| Vacant homes | 14.0% | 10.3% | 10.1% |
| Population | 2,398 | 4,534,824 | 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 $111,400 with 20% down costs about $687 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $872, 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 $29,433 for the 20%-down payment. That payment is 21% of the median Mount Vernon household income of $38,697; at that income and 20% down, the 28% guideline points to a home of about $146,000.
The median rent here is $620 a month, so owning the median home costs about $67 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,280 |
|---|---|
| Loan amount | $89,120 |
| Principal and interest | $600 |
| Property taxes (0.44% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $687 |
Change the numbers in the calculator
| Down payment | $3,899 |
|---|---|
| Loan amount | $109,382 |
| Principal and interest | $736 |
| Property taxes (0.44% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $872 |
Change the numbers in the calculator
Questions about home buying in Mount Vernon
What is the median home value in Mount Vernon?
About $111,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Vernon?
Homeowners pay a median $485 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
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 $687 a month. Keeping that under 28% of gross income takes about $29,433 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