Mount Vernon, OH

Mount Vernon, Ohio is an unranked rental-market fact pattern rather than a scored selection. The supplied market population is 63,142, but the pivotal trend field is missing: Zillow does not publish a trailing-12-month rent change for the available rent history. Consequently, this report assigns neither a score nor a rank. The decision frame is a current-level comparison, not a rent-growth conclusion: Zillow pricing and rent levels, household-income benchmarks, labor and construction readings, for-sale conditions, migration, mortgage occupancy, and climate-loss evidence each address different phenomena and dates. Their overlap identifies questions, while their gaps limit what can be inferred about a renter's lease decision or a landlord's or small investor's economics.

At 2026-06-30, Zillow's asking-rent and home-value indexes show rent of $1,466 and a home value of $293,330. The home-value index's year-over-year change is 0.0557, while the supplied gross yield is 0.06. Those are useful level and value-change readings, but they do not supply rental momentum: a value-index change cannot stand in for an unavailable Zillow 12-month rent change. The $1,466 rent should also remain an asking-rent index observation rather than be treated as an achieved lease rate, a unit-specific rent, or a property cash-flow result. That distinction matters because the yield is gross and the packet has no operating-cost series. It supports a pricing lens, not an income conclusion.

Census ACS reports median household income of $73,878, producing supplied rent-to-income and price-to-income ratios of 0.2381 and 3.97 when paired with the Zillow levels. HUD's FY2026 two-bedroom Fair Market Rent is $1,078. Zillow rent is $388 above that HUD figure, a computed difference, and the supplied rent-versus-FMR ratio is 1.36. This is an affordability boundary, not proof of what any household pays. Census describes household income, HUD's FMR is a program benchmark for a two-bedroom standard, and Zillow is an asking-rent index. The measures have distinct concepts and do not establish a tenant mix, a rent-burden distribution, unit equivalence, or an eligibility outcome.

Labor and supply evidence is mixed in timing and coverage. BLS LAUS shows metro employment change of -0.0086 for the 12 months through 2026-05. Census Building Permits Survey records 214 total permitted homes through M06 of 2026, or 3.39 per 1,000 population, with 0.0 in the supplied 5-plus category. Redfin's 2026-05-01 for-sale reading shows 3.0 months of supply versus 2.0 previously, median days on market of 45 versus 47, a sale-to-list ratio of 0.9881, and price drops of 0.2637 versus 0.3668. The price-drop share is therefore 0.1031 lower than previously, a direct subtraction. Permits describe approvals, whereas Redfin describes listed homes and sale-market behavior; neither series reports occupied rental availability. The employment decline and larger months-of-supply reading prevent a simple tightness narrative, while shorter market time and fewer price drops point in a different direction.

Demand evidence likewise requires separation. IRS county-to-county tax-return migration data aggregated to the market list 1,415 movers in and 1,410 out, for supplied net migration of 5. Inbound adjusted gross income is $68,163 and outbound adjusted gross income is $60,419, a supplied gap of $7,744. HMDA's 2024 purchase-mortgage occupancy evidence records 693 purchases, including 42 investor purchases, yielding an investor share of 0.0606. The IRS flow is not a measure of rental demand, and HMDA mortgage activity does not measure all housing transactions or leasing. The near-balanced migration count, income gap, and measured investor share can coexist without establishing the direction, depth, or durability of housing demand.

FEMA's National Risk Index contributes a separate exposure lens: expected annual climate-loss ratio is 0.001087, the National Risk Index score is 61.0, and the labeled top hazard is inland flood in the water category. These are market-level risk evidence, not a finding about an individual parcel, building, insurance policy, or loss event. For housing price and rent levels, the packet supplies Zillow's indexes and HUD's FMR benchmark; it supplies no separate insurance, tax, utility, maintenance, or repair-cost series. Accordingly, FEMA's loss measure cannot be turned into a property expense, and the reported 0.06 gross yield cannot be read as a net return. Climate evidence adds a risk dimension but does not resolve the missing cost-level evidence.

Taken together, the evidence describes a market with observable current rent, value, income, supply, sales, migration, mortgage-occupancy, and climate inputs, but no Zillow rent-growth calculation. The most decision-relevant unresolved comparisons are whether current asking-rent observations correspond to the relevant lease terms; how the HUD two-bedroom benchmark maps to the available units; whether permitted homes progress into occupiable stock; and how the BLS employment change aligns with renter and buyer activity. Site-specific exposure and costs excluded from the gross-yield figure remain unobserved. IRS and HMDA add useful participation context, yet their different populations and periods cannot be merged into a demand verdict. Thus, the output is an unranked record of questions and constraints, not a market score, rent forecast, causal explanation, or investment conclusion.