Mount Vernon, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mount Vernon, New York rental market.
Mount Vernon, New York
Average Apartment Rent
$2,243
Y-o-Y Change in Average
Apartment Rent
10.9%
As of November 2024
Compared to a year ago, Mount Vernon, New York apartments have recorded a 10.9% rent increase.
Mount Vernon, New York Average apartment rent trend
Mount Vernon, New York Average Apartment Rent
Mount Vernon, New York Apartment rent ranges
At 53.56%, apartments priced Over $2,000 represent the bulk of Mount Vernon, New York rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 1.71%.
Mount Vernon, New York Housing tenure**
Renters take up 60% of Mount Vernon, New York real estate, occupying a total of 17,333 units, while homeowners live in 11,445 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$47,648
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
2.2%
Mount Vernon, New York Renter-occupied housing units by no. of bedrooms**
There are 5,908 rentals in Mount Vernon, New York with 1 bed making up the highest share of the market, at 34%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 142 units. Overall, the median number of rooms in Mount Vernon, New York homes for rent is 3.6.
Mount Vernon, New York Renter-occupied units by age of householder**
Most condos for rent in Mount Vernon, New York are occupied by residents in the 45 - 54 years age group (18%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Mount Vernon, New York Renter-occupied housing units by family type**
Mount Vernon, New York Renter-occupied housing units by the presence of own children**
A total of 9,031 apartments for rent in Mount Vernon, New York, or 52% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 4,483 units. All in all, the median size of a renter-occupied household in Mount Vernon, New York is 2.24.
Mount Vernon, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Mount Vernon, New York.
Mount Vernon, New York Renter-occupied units by year structure built**
The highest share of Mount Vernon, New York apartment rentals, namely 35% or 6,021 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (15%, 2,570 units), and the ones Built 1940 - 1949 (14%, 2,340 units).
Mount Vernon, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2012
Most Mount Vernon, New York renters (45%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Mount Vernon, New York condos for rent is 2012.
Mount Vernon, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Mount Vernon, New York renters have No vehicle available per household, 39% of them have 1 vehicle available, and 13% have 2 vehicles available.
Mount Vernon, New York Means of transportation to work of householders living in renter-occupied housing units**
Mount Vernon, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
Mount Vernon, New York Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mount Vernon, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
