2026 Affordability Data
Most Affordable Neighborhoods in Mount Vernon - 2026 Data
The median home value in Mount Vernon is $88,800, 68% below nat'l avg. Median rent is $1,354/month. With an affordability index of 218, Mount Vernon is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Mount Vernon, IL area.
Key Takeaways: Affordability in Mount Vernon
- 1The most affordable neighborhood in Mount Vernon is Lynwood village, with a median home value of $195,900.
- 2Mount Vernon's median home value is $88,800, 68% below nat'l avg (national: $281,900).
- 3Mount Vernon's affordability index is 218 (baseline 100), making it more affordable than the national average.
- 4Median rent in Mount Vernon is $1,354/month, 16% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Mount Vernon to find the most affordable areas based on home values, rent, and affordability index.
Mount Vernon Affordability Overview
Median Home Value
$88,800
68% below nat'l avg
Median Rent
$1,354/mo
16% above nat'l avg
Median Income
$48,786
35% below nat'l avg
Affordability Index
218
118% above nat'l avg
Most Affordable Neighborhoods in Mount Vernon (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Lynwood villageIL | $195,900 |
| 2 | Riverside villageIL | $471,100 |
| 3 | Lake Villa villageIL | $309,400 |
| 4 | Bethalto villageIL | $156,300 |
| 5 | Willowbrook villageIL | $347,200 |
| 6 | RochelleIL | $138,800 |
| 7 | Flossmoor villageIL | $293,400 |
| 8 | Hawthorn Woods villageIL | $580,400 |
| 9 | Savoy villageIL | $260,800 |
| 10 | WaukeganIL | $164,400 |
| 11 | Schiller Park villageIL | $269,700 |
| 12 | Shiloh villageIL | $263,900 |
| 13 | Hazel Crest villageIL | $162,900 |
| 14 | Glen Carbon villageIL | $272,000 |
| 15 | ChampaignIL | $191,200 |
Detailed Neighborhood Profiles
Home Value: $195,900
Rent: $1,163/mo
Affordability: 221
Population: 9,087
Walk Score: 0/100
Home Value: $471,100
Rent: $1,163/mo
Affordability: 221
Population: 9,225
Walk Score: 0/100
Home Value: $309,400
Rent: $1,163/mo
Affordability: 221
Population: 8,701
Walk Score: 0/100
4
Home Value: $156,300
Rent: $1,163/mo
Affordability: 221
Population: 9,281
Walk Score: 0/100
5
Home Value: $347,200
Rent: $1,163/mo
Affordability: 221
Population: 9,177
Walk Score: 0/100
6
Home Value: $138,800
Rent: $1,163/mo
Affordability: 221
Population: 9,417
Walk Score: 0/100
7
Home Value: $293,400
Rent: $1,163/mo
Affordability: 221
Population: 9,405
Walk Score: 0/100
8
Home Value: $580,400
Rent: $1,163/mo
Affordability: 221
Population: 9,111
Walk Score: 0/100
9
Home Value: $260,800
Rent: $1,163/mo
Affordability: 221
Population: 8,682
Walk Score: 0/100
10
Home Value: $164,400
Rent: $1,354/mo
Affordability: 218
Population: 89,435
Walk Score: 0/100
11
Home Value: $269,700
Rent: $1,354/mo
Affordability: 218
Population: 11,600
Walk Score: 0/100
12
Home Value: $263,900
Rent: $1,354/mo
Affordability: 218
Population: 13,892
Walk Score: 0/100
13
Home Value: $162,900
Rent: $1,354/mo
Affordability: 218
Population: 13,737
Walk Score: 0/100
14
Home Value: $272,000
Rent: $1,354/mo
Affordability: 218
Population: 13,654
Walk Score: 0/100
15
Home Value: $191,200
Rent: $1,354/mo
Affordability: 218
Population: 88,628
Walk Score: 0/100
Frequently Asked Questions About Affordability in Mount Vernon
What is the most affordable neighborhood in Mount Vernon, IL?▾
Based on 2026 data, Lynwood village is the most affordable neighborhood in Mount Vernon with a median home value of $195,900. Kurby analyzed 15 neighborhoods in the Mount Vernon area to compile these rankings.
What is the median home price in Mount Vernon, IL?▾
The median home price in Mount Vernon is $88,800, which is 68% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Mount Vernon affordable compared to the national average?▾
Mount Vernon has an affordability index of 218, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Mount Vernon, IL?▾
The median monthly rent in Mount Vernon is $1,354. This is 16% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Mount Vernon?▾
The median household income in Mount Vernon is $48,786 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Mount Vernon are below the national average home price?▾
10 out of 15 ranked neighborhoods in Mount Vernon have a median home value below the national average of $281,900. The most affordable is Lynwood village at $195,900 (Source: Kurby, 2026).