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Featured local agent — Mount Vernon, SD
Sarah Mitchell
Compass Real Estate · Mount Vernon, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Vernon, SD Housing Market
The typical home in Mount Vernon, SD is worth $289,654, rose 2.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $110,000 (through May 2026). With homes going under contract in about 61 days, Mount Vernon is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $289,654 home is about $1,546/mo in principal and interest.
Key numbers for Mount Vernon, SD
Typical home value
$289,654
+2.1% in 12 months
Zillow, August 2026
Median sale price
$110,000
Last published period
Redfin, through February 2026
Days on market
61
Slow-moving
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$58,542
Home costs 4.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
87.3%
Selling below asking
Redfin, through February 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Mount Vernon a buyer's or seller's market?
Mount Vernon, SD is a buyer's market and homes selling in about 61 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Mount Vernon housing market data show?
Every row below is Redfin's final published month for Mount Vernon, SD. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $110,000 |
| Median price per sq ft | $97/sq ft |
| Median days on market | 61 days |
| Sale-to-list price ratio | 87.3% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Mount Vernon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Mount Vernon is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Mount Vernon home prices moved?
Across the 20 months we hold for Mount Vernon, SD, the median sale price fell 12.0%, from $125,000 in June 2021 to $110,000. The live Zillow value series has rose 2.1% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Mount Vernon?
Priced off the typical home value of $289,654 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $57,931 | $231,724 | $1,546/mo |
| 5% | $14,483 | $275,172 | $1,836/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,546, that implies roughly $66,271 a year before you add taxes and insurance. The median household in Mount Vernon earns $58,542, about $7,729 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Mount Vernon in the next 12 months?
Tell us your timeline. We send the Mount Vernon market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Mount Vernon?
Zillow does not publish a rent index (ZORI) for Mount Vernon, SD, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Mount Vernon?
Active listings in Mount Vernon, SD went from 2 in August 2022 to 1 in December 2025, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| August 2022 | 2 | 1 |
| November 2022 | 4 | 1 |
| January 2023 | 1 | not published |
| February 2023 | 1 | not published |
| May 2023 | 1 | 1 |
| April 2024 | 3 | 3 |
| June 2024 | 3 | not published |
| July 2024 | 2 | not published |
| August 2024 | 3 | 1 |
| November 2025 | 1 | 1 |
| December 2025 | 1 | 1 |
Redfin, through December 2025
How does Mount Vernon compare to South Dakota and the U.S.?
Mount Vernon homes sell for $110,000 — 68% below the South Dakota median of $346,600. Against the national median of $410,700, Mount Vernon runs 73% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Mount Vernon, SD | $110,000 | not published | 61 days |
| South Dakota statewide | $346,600 | +4.3% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Mount Vernon
What buyers should watch
- The gap between 5% and 20% down here is $290 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $289,654 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Mount Vernon listing goes under contract in 61 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 87.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +2.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Mount Vernon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Mount Vernon
Explore homes currently listed for sale in Mount Vernon, South Dakota across major real estate platforms.
How much do homes cost in Mount Vernon by property type?
How the Mount Vernon, SD market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $110,000 | $97/sq ft | 1 | 61 days |
Who lives in Mount Vernon?
American Community Survey estimates for Mount Vernon. U.S. Census ACS, 2023
Population
437
Households
193
Median income
$58,542/yr
Median age
28.9 years
Owner-occupied
59.6%
Median home value
$163,100
Median gross rent
$382/mo
Mean commute
20.1 min
59.6% of occupied homes in Mount Vernon are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $163,100 against Zillow's $289,654 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Mount Vernon?
3 schools tracked · 266 students
The largest public schools serving Mount Vernon, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mount Vernon Elementary - 02
Grades PK-5 · 117 students
Mount Vernon High School- 01
Grades 9-12 · 88 students
Mount Vernon Middle School - 03
Grades 6-8 · 61 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mount Vernon, SD?
Ordered by distance from Mount Vernon, not by size. Compare Mount Vernon side by side with any of them.
Mount Vernon housing market FAQ
Is Mount Vernon a buyer's or seller's market?
Mount Vernon, SD is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Mount Vernon?
The typical home in Mount Vernon, SD is worth $289,654 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $110,000, about $97 per square foot.
Is Mount Vernon cheaper than the rest of South Dakota?
Mount Vernon's median sale price of $110,000 is 68% lower than the South Dakota statewide median of $346,600, and 73% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Mount Vernon?
Homes in Mount Vernon, SD spent a median of 61 days on market before going under contract, versus 49 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Mount Vernon?
At the current 30-year fixed rate of 7.03%, 20% down on a $289,654 home is about $1,546 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $66,271 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $58,542.
Are home prices rising in Mount Vernon?
The typical home value in Mount Vernon, SD rose 2.1% over the last 12 months, from $283,734 to $289,654 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Mount Vernon?
Mount Vernon ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Mount Vernon?
That depends on your timeline, not on a headline. What the data says today: Mount Vernon, SD is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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