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Mendon Community

Learn about the people, housing, costs and businesses in Mendon Community, Michigan

Median Home$247,018
Median Rent$1,426/month
Population24,193
Leading IndustriesManufacturing · Professional Services · Retail1% manufacturing
Home Value Growth⬆⬆⬆+24.5% over 2 years
Retirees22% of residentsslightly above average
Homeowners71% of occupied units
Mendon Community
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Mendon Community?

As of today, the 30-year fixed mortgage rate for Mendon Community is approximately 7.012% (7.052% 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 Community?

The median home value in Mendon Community is $247k. The median monthly rent is $1,426. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mendon Community?

Home values in Mendon Community have increased 24.5% 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 Community?

Based on a typical all-in ownership cost of $1,259/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mendon Community is $72k/year.

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What industries drive the economy in Mendon Community?

The largest employment sectors in Mendon Community are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.