Market Overview
Home Prices in Mt Vernon, ME
The median home value in Mt Vernon, ME is $341,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mt Vernon are priced17% below average. Mt Vernon is part of the Augusta-Waterville, ME metro area.
Over the past five years, Mt Vernon home values have risen by approximately34.3%, reflecting strong long-term appreciation in this market.
Price History
Mt Vernon Home Price Trend
City Comparison
Mt Vernon vs. National Median
At $341,786, homes in Mt Vernon cost 17% below the national median of $410,000. This makes Mt Vernon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mt Vernon?
20% Down Payment
$68,357
on $341,786
Monthly P&I
$1,783/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,264/mo
incl. taxes & insurance
Income Needed
$90,560
gross annual (30% rule)
10% Down Option
$34,179
+ PMI applies
Loan Amount (20% dn)
$273,429
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mt Vernon, ME?
The median home value in Mt Vernon is $341,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Mt Vernon?
Over the past year, home values in Mt Vernon have decreased by 0.5%. Over five years, prices have risen approximately 34.3%.
How much do I need to earn to buy a home in Mt Vernon?
To comfortably afford the median home price of $341,786 with a 20% down payment ($68,357) at today's rates (6.8%), you'd need a gross annual income of approximately $90,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Mt Vernon compare to the national average home price?
The national median home value is approximately $410,000. At $341,786, homes in Mt Vernon are 17% below the national average.
What metro area is Mt Vernon part of?
Mt Vernon is part of the Augusta-Waterville, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.