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Mendon

Learn about the people, housing, costs and businesses in Mendon, Utah

Median Home$532,500
Median Rent$971/month
Population1,429
Leading IndustriesRetail · Arts, Food & Hospitality · Public Administration20% retail
Home Value Growth⬆⬆+14.0% over 2 years
Family-Friendly34% of residentstop 1% nationally
Homeowners92% of occupied units
NotableHigh Incomes$116k/year · top 10% nationally
NotableHighly Educated23% bachelor's · 12% graduate · top 23% nationally
Mendon
UT

Frequently Asked Questions

What are today's mortgage rates in Mendon?

As of today, the 30-year fixed mortgage rate for Mendon is approximately 6.968% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mendon?

The median home value in Mendon is $533k. The median monthly rent is $971. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mendon?

Home values in Mendon have increased 14.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mendon?

Based on a typical all-in ownership cost of $1,334/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mendon is $116k/year.

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What industries drive the economy in Mendon?

The largest employment sectors in Mendon are public administration (26%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.