Revitalization
One of Baltimore’s Most Sought-out Neighborhood!
In the past few years, Mount Vernon has benefited from a resurgence of interest from residents and visitors.
While real estate values have doubled in much of the region, values in Mount Vernon have more than quadrupled since 2000 as a result of a strong demand for the community’s premium architecture, historic protections, urban amenities and mass transit accessibility (MARC) to Washington DC.
Little of this, however, is reflected in traditional source data, such as housing sales or census data. A few single family home sales in Mount Vernon are represented in standard sales data because in almost all cases, new homebuyers have purchased town homes that were classified as multi-unit apartment or commercial properties that have only recently been converted back to owner-occupancy. Only now are some of these restored homes coming on the market with recent sales of close to $1M for single-family residences. Conversion of absentee-owned townhouse-based apartments to owner-occupancy (single family, or mixed-use) remains a priority for the neighborhood, as the community also works to maintain the immense diversity that has attracted so many to the neighborhood in the first place.
Community support for new development is very strong as evidenced by the community’s overwhelming enthusiasm for the Struever Brothers Eccles and Rouse / Magic Johnson mixed-use development at 1209 N. Charles Street. While a number of development projects, both residential and commercial, are currently taking place, many more such opportunities remain in Mount Vernon. For more information, contact us at development@mvba.org.
College students who walk to class, and professionals who work here, at the Inner Harbor, or as far away as Washington, DC and New York are just some of the people who are taking advantage of Mount Vernon's convenient location. Singles and empty nesters, who seek to avoid the monotony of the suburbs, enjoy a wide array of art, music, dining, entertainment, and services just steps from their front door. Living spaces include single family Victorian row homes, carriage houses, condominiums, apartments in row homes, and several high-rises. In addition, numerous row houses are being lovingly restored by their owners into single family homes.
An increasing number of individuals and families from different parts of the country and the world are falling in love with Mount Vernon and many have made it their home. It is all a testimony to the spirit, diversity, and potential of this neighborhood!