Mendon, MA—01756
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mendon, MA
As of Oct '25, the median home price in Mendon, MA is $696,000, with a year-over-year change of 1.1%. This indicates that home prices in Mendon, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $696,000 | 1.1% |
| Single Family | $706,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $453,000 | 0.7% |
3 Bed | $610,000 | 0.8% |
4 Bed | $800,000 | 0.9% |
| 5 Bed | $877,000 | 0.0% |
% of Housing Stock
Rental Trends — Mendon, MA
As of July '25, Rentcast reports the average rent in Mendon, MA is $2,830, with a year-over-year rent change of -21.8%. Per bedroom, the median rent as of July '25 in Mendon, MA is 2-bedrooms: $2,680, 3-bedrooms: $2,930. The most common rental property sizes in Mendon, MA are 2-bedroom and 3-bedroom, accounting for 57.8% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,650 | $2,680 |
| 3 Bed Rent | $2,700 | $2,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mendon, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mendon, MA is 62. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 62.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | -3.0% |
Listing Count | 13 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 62 | 47.0% |
Demographics — Mendon, MA
As of the latest ACS Survey released in 2023, Mendon, MA has a population of 6,270, which has increased by 3.3% over the past 5 years. Mendon, MA is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 53.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,270 | 3.3% |
% Under 18 | 24.1% | 1.3% |
% Seniors | 14.9% | -2.0% |
% WFH | 13.9% | 41.8% |
% w/ College Degree | 53.7% | 21.2% |
As of the latest ACS Survey released in 2023, Mendon, MA is a predominantly white area, with 92.1% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Mendon, MA is hispanic, making up 4.1% of the population. Foreign-born residents account for 11.1% of the population in Mendon, MA, and this percentage has increased by 170.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.1% | 0.0% |
% Black | 0.4% | 300.0% |
% Hispanic | 4.1% | 310.0% |
% Asian | 0.4% | -75.0% |
% Foreign Born | 11.1% | 170.7% |
Mortgage and Risk — Mendon, MA
According to HUD data as of 2023, there were 129 mortgage originations in Mendon, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Mendon, MA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mendon, MA
Mendon, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,140 |
| 2 Bedroom | -$100 | $2,650 | $2,550 |
| 3 Bedroom | $680 | $2,700 | $3,380 |
| 4 Bedroom | N/A | N/A | $3,870 |
Affordability — Mendon, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $696,000 |
| Median Household Income | $130,000 |