Baltimore Spotlight: Mount Vernon
Neighborhood events such as book fairs, concerts, and art festivals are held throughout the year, attracting both residents and visitors alike. Mount Vernon is also home to numerous cultural landmarks, including the Meyerhoff Symphony Hall, Lyric Opera House, Peabody Library, Eubie Blake National Jazz Institute, and the original Washington Monument.
Residents also enjoy multiple transportation options, including direct access to major MTA bus lines, Metro lines, Light Rail, John's Hopkins Medical Institution (JHMI) shuttle, and Zipcars. Mount Vernon's central location means residents are also a mere five-minute drive from Downtown Baltimore, Inner Harbor, Little Italy, Camden Yards, Fells Point, and M&T Bank Stadium.
- $15.8M - Total sales volume in the Mount Vernon submarket in 2016 (the highest total since 2009)
$1,235 - Average asking rent per unit as of year-end 2016 (1.2% higher than the five-year average)
5.9% - Overall vacancy rate in the submarket (2.5% lower than Downtown Baltimore as a whole)
1.29% - Concessions as percentage of asking rents (equivalent to approximately $16/unit)
Average Unit Mixes
- 53% - One Bedroom
23% - Two Bedroom
22% - Efficiency
2% - Three Bedroom
Average Rent Per Month
- Efficiency - $824
One Bedroom - $940
Two Bedroom - $1,305
Three Bedroom - $1,988
For more information on Mount Vernon, click below to see our full report.
Interested in investment opportunities in Mount Vernon? Check out our exclusive offering - Saint Paul Lofts