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City Report · VA

Mount Vernon

Pop. 13,122·12th most expensive in Virginia·Mount Vernon rents are up 23.8% over the past year
Median rent (all units)
$2,775/mo
Year-over-Year
+23.8%
Month-over-Month
-0.1%
vs US Median
+$810
Stable (Monthly)
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Most AffordableMost Expensive
Mount Vernon · $2,775
More expensive than 86% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,775/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$111,000/yr
Local median income
$163,750/yr
Based on the 30%-of-income rule using Mount Vernon's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,780
1 BR
$1,820
2 BR
$2,050
3 BR
$2,560
4 BR+
$3,020
Research median
$2,050/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$33,300/yr
At $2,775/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 23.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+23.8% YoY, -0.1% MoM), not inventory.
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Demographics

Who lives here

Mount Vernon, VA is majority owner-occupied, has a median income above the national average, 63.6% of residents hold a bachelor's degree or higher.

Population
13,122
Median income
$163,750
Median age
44.2
Renters
26.5%
Age distribution
24.3%
13.2%
28.8%
15.1%
18.6%
Under 1824.3%
18–3413.2%
35–5428.8%
55–6415.1%
65+18.6%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
54.8%
15.3%
20.4%
White54.8%
Black15.3%
Hispanic20.4%
Asian6.2%
Other3.3%
Education (25+)
15.7%
17.4%
63.6%
No HS diploma3.3%
HS diploma15.7%
Some college17.4%
Bachelor's+63.6%
Housing tenure
73.5%
26.5%
Owner73.5%
Renter26.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Mount Vernon, VA has changed in 5 years

Income
$149,087 → $163,750
up 9.8%
Population
13,707 → 13,122
down 4.3%
Renter share
22.9% → 26.5%
+3.6 pts
Bachelor's+
61.6% → 63.6%
+2.0 pts
Median age
42.8 → 44.2
+1.4 yrs

Median household income rose from $149,087 to $163,750 between 2021 and 2024, a 9.8% shift. The population has contracted by 4.3% since 2021, moving from about 13,707 residents to roughly 13,122. Renters now make up 26.5% of households, compared with 22.9% five years ago. College-educated residents now make up 63.6% of adults here, versus 61.6% in 2021.

Community

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View Mount Vernon rent history (2015–2026) →
Salary vs rent

Can you afford rent in Mount Vernon on your salary?

At $2,775/mo, how Mount Vernon rent compares to typical pay (30% rule).

By apartment size

Mount Vernon rent by bedroom count

Median rent for each apartment size in Mount Vernon. Click any size for full breakdown.

Local insights

Tips for renters in Mount Vernon

About renting in Mount Vernon, VA

Last updated: July 20, 2026

The median rent in Mount Vernon is $2,775/mo as of July 2026. A studio apartment averages $1,780/mo while a 2-bedroom runs $2,050/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,560/mo.

At 20% of local median household income ($163,750/yr), Mount Vernon ranks as affordable compared to the national benchmark of 30%. Rents have increased 23.8% over the past year.

FAQ

Frequently asked questions

Is Mount Vernon an affordable city for renters?

Mount Vernon is considered very affordable for renters. At $2,775/mo, rent takes approximately 20% of the local median household income ($163,750/yr). The standard benchmark is 30%. Mount Vernon falls comfortably within that range.

How much income do you need to rent in Mount Vernon?

To keep rent at or below 30% of gross income, you would need to earn at least $111,000/year (~$53/hour full-time) to afford the median rent of $2,775/mo in Mount Vernon. The local median household income is $163,750/yr, meaning the typical Mount Vernon household meets that threshold.

Is rent going up or down in Mount Vernon?

Rent in Mount Vernon has increased 23.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Mount Vernon rent compare to other cities in Virginia?

Mount Vernon is one of the pricier cities in Virginia for rent, ranking #12 out of 83 tracked cities at $2,775/mo.

Which nearby cities are cheaper to rent in than Mount Vernon?

Several nearby cities have lower median rents than Mount Vernon ($2,775/mo): Fort Belvoir ($2,107/mo), Lincolnia ($2,156/mo), Huntington ($2,202/mo).

What percentage of Mount Vernon residents rent vs. own?

According to Census data, approximately 26.5% of Mount Vernon households are renters, while 73.5% are owner-occupied. Mount Vernon leans toward homeownership, which can mean a smaller rental inventory.

How does Mount Vernon rent compare to the national average?

Mount Vernon's median rent of $2,775/mo is $810 (41%) above the US national median of $1,965/mo. Within Virginia, it ranks #12 out of 83 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $2,775/mo, rent takes ~20% of Mount Vernon's median household income ($163,750/yr). The standard benchmark is 30%.

Mount Vernon 20%Benchmark 30%
State income tax2–5.75%
Run the Mount Vernon affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Mount Vernon, VA

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