Is Mount Vernon, IL a good place to invest in rental property?

Mount Vernon, IL has a median modeled monthly cash flow of $-221 and a median cap rate of 4.7%, on a median sold price of $139,900. Prices changed +9.5% year over year.

What is the average cap rate in Mount Vernon, IL?

The median cap rate across recently sold homes in Mount Vernon, IL is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mount Vernon, IL?

The median sold price in Mount Vernon, IL is $139,900 (about $104 per square foot).

Investing in Mount Vernon, IL Real Estate

A data-driven snapshot of the Mount Vernon, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$139,900Median sold price

$104Median $/sqft

4.7%Median cap rate

$-221Modeled cash flow / mo

+9.5%Appreciation YoY

11.6Months of supply

191Active listings

197Sold (last 12 mo)

What the Mount Vernon numbers say

In Mount Vernon, IL, the median home sold for $139,900 (about $104 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-221 of monthly cash flow. Sold prices moved +9.5% over the past year. Inventory sits at about 11.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Mount Vernon cash-flowing listings

CashFlowRE ranks every for-sale home in Mount Vernon, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mount Vernon deals, or browse the national market data.