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City · 6,400 residents · Posey County, Indiana

Mount Vernon , Indiana

In Mount Vernon, a typical home is worth $163,300 and typical rent is $783 a month. Compared with all of Posey County, the typical home value is 27% lower, typical household income is 20% lower, and the share of households that own their home is 16 points lower.

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  • Typical home value

    $163,300

    27% below the county

    25% below Indiana

    • Mount Vernon
    • Posey
    • Indiana

  • Typical rent

    $783a month

    About the same as the county

    26% below Indiana

    • Mount Vernon
    • Posey
    • Indiana

  • Typical household income

    $62,263a year

    20% below the county

    13% below Indiana

    • Mount Vernon
    • Posey
    • Indiana

  • Households that own their home

    67%

    16 points below the county

    4 points below Indiana

    • Mount Vernon
    • Posey
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$219,702
0.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mount Vernon is in Posey County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Posey County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mount Vernon apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Vincennes, the typical home value is $111,600: 32% less than in Mount Vernon ($163,300).

  2. 67% of households in Mount Vernon own their home, against 82% in Posey County.

  3. The typical home in Mount Vernon is worth $163,300, 27% less than in Posey County as a whole ($222,900).

  4. The typical household income in Mount Vernon is $62,263, 20% less than in Posey County as a whole ($78,129).

  5. Mount Vernon has the 11th lowest typical rent of the 132 cities in Indiana with more than 5,000 people ($783).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mount Vernon

What homes there are in Mount Vernon, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Mount Vernon, 8 in 10 homes are single-family detached houses; in Posey County, 8.

Year built

In Mount Vernon, half of the homes were built before 1968; in Posey County, before 1976.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Posey County is high ($541,287): at least 98% of owner-occupied homes in Mount Vernon are worth less than $500,000.

Monthly rent with utilities

By rent, most homes in Mount Vernon cost less than HUD's 2-bedroom fair market rent ($1,127): about 78%.

With a mortgage

$1,282 a month

Posey County: $1,427 a month

Without a mortgage

$518 a month

Posey County: $516 a month

Owners with a mortgage

67%

Posey County: 63%

The typical cost for an owner with a mortgage in Mount Vernon is $1,282 a month, less than in Posey County ($1,427); without one, $518.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Mount Vernon gained value more slowly than in Posey County: 33% since 2015–2019, against 55%.

The typical rent in Mount Vernon stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMount VernonPosey CountyIndianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.8%3.4%
People per household 2.072.362.462.53
Drive alone 88%83%76%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home Unreliable estimate6%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.07 on average, against 2.36 in Posey County.

In Mount Vernon, 88% of workers drive alone to work; in Posey County, 83%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mount Vernon?

A typical home is within reach of the typical income

We start with a typical home in Mount Vernon, worth $163,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Mount Vernon, which is $62,263 a year.

The calculator's FHA and conventional loan limits are those of all of Posey County.

Your numbers

Local data
$

Starts at the typical home value in Mount Vernon. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,716 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,333

at 7.18% · 30 years

Loan amount
$160,342
Total interest
$230,694
Paid off in
November 2056

Includes $2,758 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,453 a month

    Your payment · 26%

  • Tight

    $1,453 to $1,868 a month

  • Hard

    more than $1,868 a month

Compared with the typical household income in Mount Vernon ($62,263 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,333
Principal & interest$1,086
Property tax$106
Home insurance$68
FHA mortgage insurance (MIP)$72

You need at least $5,716 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Mount Vernon and Posey County

Mount Vernon is in Posey County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Mount Vernon's own numbers

Typical home value
$163,300
Typical monthly rent
$783
Typical yearly household income
$62,263
Households that own their home
67%
Effective property tax rate
0.78%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Posey County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,127
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
5.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Posey County.

Everything about Posey County

Buying

Buying a home in Mount Vernon

A typical home in Mount Vernon is worth $163,300: 27% below the county and 25% below Indiana. With the typical household income in Mount Vernon ($62,263 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Mount Vernon 2.6 years
  • Posey 2.9 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Posey County

According to FHFA’s house price index, home prices in Posey County rose 71% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Posey County.

Period County Indiana U.S.
Last year (2025) +5.8% +4.3% +2.9%
5 years (2020–2025) +44% +53% +47%
10 years (2015–2025) +71% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Mount Vernon next to Posey County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Mount Vernon $163,300
  • Posey $222,900
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Mount Vernon $783
  • Posey $782
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Mount Vernon $62,263
  • Posey $78,129
  • Indiana $71,957
  • United States $80,734
See the full table
Mount Vernon next to Posey County and Indiana
Measure Mount Vernon Posey County Indiana U.S.
Typical home value $163,300 $222,900 $218,200 $332,700
Typical monthly rent $783 $782 $1,062 $1,413
Typical yearly household income $62,263 $78,129 $71,957 $80,734
Households that own their home 67% 82% 71% 65%
Typical yearly property tax $1,275 $1,384 $1,614 $3,119
Effective property tax rate 0.78% 0.62% 0.74% 0.94%
Renters with high rent for their income 48% 40% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Posey County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Mount Vernon

For a typical $163,300 home in Mount Vernon, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mount Vernon's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,333a month

    Least cash to close
    Down payment
    $5,716
    Cash to close
    $10,615
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $72

  • Conventional, 5% down $1,303a month

    Down payment
    $8,165
    Cash to close
    $13,064
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,059a month

    Down payment
    $32,660
    Cash to close
    $37,559
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,210a month

    Down payment
    $24,495
    Cash to close
    $29,394
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mount Vernon and for Posey County.

Property tax

Effective rate in Mount Vernon

0.78%of the home’s value each year

$1,275 a year for the typical owner in Mount Vernon.

  • Mount Vernon 0.78%
  • Posey 0.62%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Posey County

FEMA does not publish these numbers by city: they are for all of Posey County.

Homes in the high-risk zone
5.7%
655
Of those, with NFIP insurance
15%
County Indiana U.S.
Homes in the high-risk zone 5.7% 2.3% 3.5%
Of those, with NFIP insurance 15% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mount Vernon

Typical rent in Mount Vernon is $783 a month: about the same as the county. In Mount Vernon, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Posey County, by unit size. To pay the 2-bedroom one ($1,127 a month) without spending more than 30% of your income, you would need to earn $21.67 an hour working full time.

HUD fair market rent for all of Posey County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $866 $16.65 $34,640
1 bedroom $872 $16.77 $34,880
2 bedrooms $1,127 $21.67 $45,080
3 bedrooms $1,387 $26.67 $55,480
4 bedrooms $1,534 $29.50 $61,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Mount Vernon

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mount Vernon is in ZIP code 47620.

For 2 bedrooms it is $1,010: $117 less than the fair market rent for Posey County ($1,127).

  • 47620 $1,010$1,250

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mount Vernon when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mount Vernon

HUD lists 4 buildings with rents for lower incomes in Mount Vernon. These are the largest.

  • Southwind I & II 465 W 9th St, Mount Vernon 47620 100 low-income homes · For families (812) 386-6810
  • Cloverleaf Circle 1500 Jefferson Dr, Mount Vernon 47620 84 homes, 83 low-income · Run by Mount Vernon Housing Authority · Average payment: $442 a month · Average wait: 5 months (812) 838-6356
  • Village Apts of MT Vernon 1446 Main St, Mount Vernon 47620 37 low-income homes · 1 bd: 35 · 2 bd: 2 · In service since 1993
  • Lamplight Manor of Mount Vernon 1305 Main St, Mount Vernon 47620 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 2010 · For families

See all 5 buildings in Posey County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mount Vernon

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Posey County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Mount Vernon

No down payment, repair or rent-help program on our list is for Mount Vernon or Posey County. The ones below are statewide in Indiana: they work in Mount Vernon the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Mount Vernon

The HUD-approved agencies closest to the center of Mount Vernon, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Action Program of Evansville & Vanderburgh County, Inc

    401 SE 6th St, Evansville · 18 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (812) 425-4241

  • Hope of Evansville, Inc

    900 N Main St, Evansville · 18 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (812) 423-3169

  • Dubois Pike Warrick Economic Opportunity Committee, Inc. D/B/A Tri-Cap

    607 3rd Ave, Jasper · 61 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (812) 482-2233

All counseling agencies in Indiana

Help in Spanish near Mount Vernon

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mount Vernon

HUD’s record names them for Mount Vernon or Posey County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Mount Vernon Housing Authority Public housing and Section 8 vouchers (812) 838-6356

All housing agencies in Indiana Source: HUD

Cities

Nearby cities

The cities closest to Mount Vernon, with the typical home value.

Everything about Posey County Housing in Indiana

Neighboring counties

If Posey County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mount Vernon.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Mount Vernon

Short answers with the numbers for Mount Vernon and all of Posey County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Mount Vernon?

The typical home value in Mount Vernon is $163,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Posey County it is $222,900.

How much does it cost to rent in Mount Vernon?

Typical rent in Mount Vernon is $783 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Posey County is $1,127.

What is the FHA loan limit in Mount Vernon?

Mount Vernon uses the FHA limit for all of Posey County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Mount Vernon?

The typical homeowner in Mount Vernon pays $1,275 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in Posey County, the rate is 0.62%.

Where can I find free help to buy or rent in Mount Vernon?

We found no HUD-approved counseling agencies with an office in Posey County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).