The typical owner-occupied home in Mount Vernon is worth about $143,000, 70% below the Oregon median of $477,600 and 57% below the national median of $332,700. Owners pay a median $1,283 a year in property taxes, about 0.90% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $63,281 a year, so the median home costs 2.3 times the median income (5.8 times for Oregon). 86% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Mount Vernon at a glance
| Mount Vernon | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $143,000 | $477,600 | $332,700 |
| Median property tax paid per year | $1,283 | $3,876 | $3,119 |
| Property tax as a share of value | 0.90% | 0.81% | 0.94% |
| Median household income | $63,281 | $83,011 | $80,734 |
| Homes lived in by their owners | 86% | 63% | 65% |
| Owner homes with a mortgage | 60% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,238 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 22.4% | 21.0% |
| Median rent | $789 | $1,525 | $1,413 |
| Rent as a share of renters' income | 17.1% | 31.3% | 30.6% |
| Median year homes were built | 1975 | 1981 | 1980 |
| Vacant homes | 11.9% | 7.5% | 10.1% |
| Population | 364 | 4,254,293 | 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 $143,000 with 20% down costs about $936 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,175, 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 $40,132 for the 20%-down payment. That payment is 18% of the median Mount Vernon household income of $63,281; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $789 a month, so owning the median home costs about $147 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,600 |
|---|---|
| Loan amount | $114,400 |
| Principal and interest | $770 |
| Property taxes (0.90% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $936 |
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| Down payment | $5,005 |
|---|---|
| Loan amount | $140,410 |
| Principal and interest | $945 |
| Property taxes (0.90% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $63 |
| Total per month | $1,175 |
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Questions about home buying in Mount Vernon
What is the median home value in Mount Vernon?
About $143,000 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 $1,283 a year, which is about 0.90% 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 $936 a month. Keeping that under 28% of gross income takes about $40,132 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