Home prices
The median home in Mount Vernon costs $203,400. Compared to nearby areas it is about $35,500 (21%) higher.Compared to the United States as a whole it is about $14,100 (6%) lower, and it is approximately $61,600 (43%) higher compared to the city of Cedar Rapids.
Rents
In Mount Vernon the median monthly rent is $757. Compared to nearby areas this is roughly $35 (4%) higher.It is about $305 (28%) lower in comparison to the entire nation, and compared to the city of Cedar Rapids is roughly $10 (1%) lower.
Nearby places
Lisbon
Lisbon is Mount Vernon's neighbor to the east. Its housing prices are somewhat less expensive. The median home in Lisbon costs $154,600, which comes out to $48,800 (31%) lower than Mount Vernon. Rent there is somewhat less expensive. Lisbon's median rent is $707 a month, which is $50 (7%) lower than Mount Vernon.
Martelle
Martelle is about 7 miles northeast from Mount Vernon. Housing prices there are a lot less expensive. The median home value in Martelle is $108,800, which comes out to $94,600 (86%) lower than Mount Vernon. Its rents are a bit less expensive. The median rent in Martelle is $650 a month, which is $107 (16%) lower than Mount Vernon.
Mechanicsville
Mechanicsville is approximately 7 miles east from Mount Vernon. The housing prices there are significantly less expensive. Mechanicsville's median home cost is $105,900, which is $97,500 (92%) lower than Mount Vernon. The rent there is fairly similar. In Mechanicsville the median rent is $750 per month, which is very similar to Mount Vernon.
Ely
Ely is approximately 7 miles southwest from Mount Vernon. Real estate prices there are a little more expensive. Ely's median home price is $216,400, which is $13,000 (6%) higher than Mount Vernon. Rent there is similar. In Ely the median rent is $737 a month, which comes out to $20 (2%) lower than Mount Vernon.
Solon
Solon is roughly 8 miles south from Mount Vernon. Housing prices there are a bit more expensive. The median home in Solon is valued at $253,800, which works out to $50,400 (19%) higher than Mount Vernon. The rent there is pretty similar. In Solon the median rent is $765 per month, which works out to $8 (1%) higher than Mount Vernon.
