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Mount Vernon, PE

Updated: Sep 2014
House
Median price $124,250
Monthly growth
Quarterly trend
Stock on market 0.65%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Mount Vernon Home Price

Mount Vernon, Prince Edward Island has a median house price of $124,250 when compiling all the home listings in Sep .

Mount Vernon’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

From our data, it appears that neighbourhood is number 4555th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Mount Vernon needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mount Vernon there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

It’s never an exact art, but to try to forecast how property is going to appreciate in Mount Vernon for investors, it’s important to look at data like:

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mount Vernon have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
3 bedrooms $124,250
Demographics
  • Population in 2011470
  • Population in 2006540
  • 2006 to 2011 population change (%)-13
  • Total private dwellings308
  • Private dwellings occupied by usual residents197
  • Population density per square kilometre5.8
  • Land area (square km)80.42

Age Characteristics

Total population by age groups 470
0 to 4 years 10
5 to 9 years 15
10 to 14 years 35
15 to 19 years 35
15 years 0
16 years 15
17 years 10
18 years 5
19 years 15
20 to 24 years 20
25 to 29 years 15
30 to 34 years 10
35 to 39 years 20
40 to 44 years 35
45 to 49 years 40
50 to 54 years 55
55 to 59 years 45
60 to 64 years 30
65 to 69 years 25
70 to 74 years 25
75 to 79 years 20
80 to 84 years 20
85 years and over 10
Median age of the population 48.1
% of the population aged 15 and over 85.7

Marital Status

Total population 15 years and over by marital status 405
Married or living with a common-law partner 260
Married (and not separated) 230
Living common-law 25
Not married and not living with a common-law partner 145
Single (never legally married) 85
Separated 15
Divorced 15
Widowed 30

Family Characteristics

Total number of census families in private households 150
Size of census family: 2 persons 90
Size of census family: 3 persons 30
Size of census family: 4 persons 20
Size of census family: 5 or more persons 15
Total number of census families in private households 150
Total couple families by family structure and number of children 130
Married couples 115
Without children at home 65
With children at home 50
1 child 20
2 children 15
3 or more children 10
Common-law couples 15
Without children at home 10
With children at home 5
1 child 5
2 children 0
3 or more children 0
Total lone-parent families by sex of parent and number of children 20
Female parent 20
1 child 15
2 children 5
3 or more children 0
Male parent 5
1 child 0
2 children 5
3 or more children 0
Total children in census families in private households 130
Under six years of age 15
6 to 14 years 50
15 to 17 years 25
18 to 24 years 25
25 years and over 15
Average number of children at home per census family 0.9

Household And Dwelling Characteristics

Total number of persons in private households 470
Number of persons not in census families 55
Living with relatives 15
Living with non-relatives only 0
Living alone 40
Number of census family persons 415
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 90
Number of persons not in census families aged 65 years and over 30
Living with relatives 10
Living with non-relatives only 0
Living alone 20
Number of census family persons aged 65 years and over 60
Total number of private households by household type 195
Census-family households 150
One-family-only households 150
Couple-family households 125
Without children 75
With children 50
Lone-parent-family households 20
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 5
Without children 5
With children 0
Lone-parent-family households 5
Two-or-more-family households 0
Non-census-family households 45
One-person households 40
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 195
Single-detached house 185
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 5
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 200
1 person 40
2 persons 95
3 persons 30
4 persons 25
5 persons 5
6 or more persons 5
Number of persons in private households 470
Average number of persons in private households 2.4

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