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Mentone

Learn about the people, housing, costs and businesses in Mentone, Alabama

Median Home$111,000
Median Rent$665/month
Population261
Leading IndustriesManufacturing · Wholesale Trade · Public Administration4% manufacturing
Home Value Growth⬆⬆⬆+54.0% over 2 years
Retirees25% of residentsabove average nationally
Homeowners87% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
Mentone
AL

Frequently Asked Questions

What are today's mortgage rates in Mentone?

As of today, the 30-year fixed mortgage rate for Mentone is approximately 7.318% (7.369% 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 Mentone?

The median home value in Mentone is $111k. The median monthly rent is $665. Annual property taxes average $375. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mentone?

Home values in Mentone have increased 54.0% 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 Mentone?

Based on a typical all-in ownership cost of $493/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mentone is $45k/year.

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What industries drive the economy in Mentone?

The largest employment sectors in Mentone are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.