Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mentor

Learn about the people, housing, costs and businesses in Mentor, Ohio

Median Home$238,910
Median Rent$1,270/month
Population47,171
Leading IndustriesRetail · Transportation · Professional Services20% retail
Home Value Growth⬆⬆+12.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners85% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableHigh Incomes$87k/year · top 28% nationally
Mentor
OH

Frequently Asked Questions

What are today's mortgage rates in Mentor?

As of today, the 30-year fixed mortgage rate for Mentor is approximately 7.013% (7.053% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Mentor
What is the median home price in Mentor?

The median home value in Mentor is $239k. The median monthly rent is $1,270. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mentor?

Home values in Mentor have increased 12.9% 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 Mentor?

Based on a typical all-in ownership cost of $1,164/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mentor is $87k/year.

Calculate your buying power
What industries drive the economy in Mentor?

The largest employment sectors in Mentor are public administration (21%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.