The housing market in Mentor, Ohio (44060) has been steadily appreciating over the past year, with a 10.26% increase in median value. This is above the national average of 8.27%, indicating that homes in Mentor are becoming more valuable. The current median housing value in Mentor is $234,400, which is significantly lower than the national median of $338,100. Despite the low cost of entry into Mentor's housing market, residents have witnessed significant value increases due to high demand and limited inventory, making it a great place to buy or invest in real estate.
The median home cost in Mentor (zip 44060) is $234,400. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Mentor (zip 44060) is up 13.4%.
Average Age of Homes
- The median age of Mentor (zip 44060) real estate is 44 years old
The Rental Market in Mentor (zip 44060)
- Renters make up 16.8% of the Mentor (zip 44060) population
- 1.0% of houses and apartments in Mentor (zip 44060), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.