Mount Vernon, IL home prices
Typical home $147,218 · +8.4% in a year · income needed $46,100
The Mount Vernon, IL metro area ranks 815 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.4% in a year and +20.3% over five years. With 20% down at 7.11%, the typical home costs about $1,075 a month including 1.7% property tax (Jefferson County rate).
Mortgage on the typical Mount Vernon home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $29,444 | $117,775 | $792 | $0 | $283 | $1,075 | $46,100 |
| 10% down | $14,722 | $132,496 | $891 | $55 | $283 | $1,229 | $52,700 |
| 5% down | $7,361 | $139,857 | $941 | $58 | $283 | $1,282 | $54,900 |
| 3.5% down (FHA) | $5,153 | $144,552 | $972 | $65 | $283 | $1,320 | $56,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.7% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Mount Vernon area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson County, IL | $147,115 | +8.4% | 1.7% |
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Frequently asked questions
How much is a house in Mount Vernon?
The typical home in the Mount Vernon, IL metro area is worth $147,218 (Zillow, September 2026).
What salary do you need to buy a house in Mount Vernon?
About $46,100 a year for the typical home with 20% down at 7.11%.