Why Live in Mount Vernon
Mount Vernon, Illinois, located at the intersection of Interstates 64 and 57 in South Central Illinois, is a small city with a population of around 15,000. The city is home to SSM Health Good Samaritan Hospital, which offers specialized heart and cancer care, eliminating the need for residents to travel to Springfield or St. Louis for treatment. Major employers in Mount Vernon include Continental Tire and Walgreens, both operating factories in the area. The downtown area features the historic 5th District Appellate Court building, where Abraham Lincoln once argued cases, and the Jefferson County Historical Village, an outdoor museum showcasing 19th-century life. The Granada Theatre, a renovated 1937 landmark, hosts concerts and weddings, while Veterans Memorial Park offers recreational activities such as tennis, frisbee golf, and the Aquatic Zoo water park with its slides and lazy river. Market Days at Veterans Memorial Park is a popular monthly event from May through September, featuring a flea market and vendor fair. Housing in Mount Vernon is affordable, with many single-family homes built in the 20th century, including bungalow-style houses priced below $100,000. The city’s schools include Summersville Grade School, which has a high rating. Public transportation is provided by the South Central Illinois Mass Transit District, with routes within Mount Vernon and to nearby communities. For air travel, Veterans Airport of Southern Illinois is 40 miles away, and St. Louis Lambert International Airport is about 90 miles away.
Frequently Asked Questions
What is the average home price in Mount Vernon, IL?
Homes for sale in Mount Vernon, IL have an average home price of $213,598.
Are home prices dropping in Mount Vernon?
Yes, home prices in Mount Vernon are down 25% in the last 12 months.
How many homes have sold over the last 12 months in Mount Vernon, IL?
47 homes have sold in Mount Vernon, IL over the last 12 months.
What are the most popular zip codes in Mount Vernon, IL?
How much do you need to make to afford a house in Mount Vernon?
The median home price in Mount Vernon is $177,500. If you put a 20% down payment of $35,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $39K a year to afford the median home price in Mount Vernon.
How are the schools in Mount Vernon, IL?
Home Trends in Mount Vernon, IL
On average, homes in Mount Vernon, IL sell after 62 days on the market compared to the national average of 70 days. The median sale price for homes in Mount Vernon, IL over the last 12 months is $114,500, down 41% from the median home sale price over the previous 12 months.
Median Sale Price
$114,500
Median Single Family Sale Price
$157,250
Average Price Per Sq Ft
$115
Number of Homes for Sale
3
Last 12 months Home Sales
47
Median List Price
$177,500
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
-41%