Mentor, OH 44060 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mentor, OH—44060

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$279,000

3.9% YoY Growth

Household Income

$85,900

24.2% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,550

3.5% YoY Growth

1-Bed Rent

$975

9.9% YoY Growth

2-Bed Rent

$1,320

10.1% YoY Growth

3-Bed Rent

$1,900

13.6% YoY Growth

Home Price Trends — Mentor, OH

As of May '26, the median home price in Mentor, OH is $279,000, with a year-over-year change of 3.9%. This indicates that home prices in Mentor, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$279,000	3.9%
Single Family	$306,000	3.4%
Condos	$191,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mentor, OH

As of July '25, Rentcast reports the average rent in Mentor, OH is $1,640, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Mentor, OH is studios: $1,320, 1-bedrooms: $962, 2-bedrooms: $1,310, 3-bedrooms: $1,920, 4-bedrooms: $2,320. The most common rental property sizes in Mentor, OH are 2-bedroom and 3-bedroom, accounting for 37.6% and 30.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,640
Studio Rent	$1,320	$1,320
1 Bed Rent	$975	$962
2 Bed Rent	$1,320	$1,310
3 Bed Rent	$1,900	$1,920
4 Bed Rent	$2,240	$2,320

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% of Rental Stock

Studio

2.9%

1 Bedroom

21.9%

2 Bedrooms

37.6%

3 Bedrooms

30.0%

4 Bedrooms

4.1%

5+ Bedrooms

3.5%

Property Listings — Mentor, OH

As of May '26, Realtor.com reports that the median days on market for a home in Mentor, OH is 24. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$342,000	7.0%
Listing Count	180	-1.0%
Listings as % of Homes	0.5%	-1.0%
Days on Market	24	-22.0%

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Demographics — Mentor, OH

As of the latest ACS Survey released in 2023, Mentor, OH has a population of 60,300, which has remained stable by -0.4% over the past 5 years. Mentor, OH is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	60,300	-0.4%
% Under 18	19.5%	3.2%
% Seniors	22.5%	7.1%
% WFH	12.1%	157.4%
% w/ College Degree	35.1%	8.7%

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As of the latest ACS Survey released in 2023, Mentor, OH is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Mentor, OH is hispanic, making up 3.3% of the population. Foreign-born residents account for 5.8% of the population in Mentor, OH, and this percentage has increased by 26.1% 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	88.5%	-6.2%
% Black	2.4%	242.9%
% Hispanic	3.3%	83.3%
% Asian	2.5%	47.1%
% Foreign Born	5.8%	26.1%

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Mortgage and Risk — Mentor, OH

According to HUD data as of 2023, there were 1486 mortgage originations in Mentor, OH, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Mentor, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,486
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Mentor, OH

As of 2024, the percent of homes in Mentor, OH under the Section 8 program is 3.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Mentor, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	206
Total Units Section 8	183
% Rentals under Section 8	3.7%
% Occupied Section 8	81.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$125	$975	$1,100
2 Bedroom	$20	$1,320	$1,340
3 Bedroom	-$180	$1,900	$1,720
4 Bedroom	-$390	$2,240	$1,850

Mentor, OH—44060

Key Metrics at a Glance

Home Price Trends — Mentor, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mentor, OH

% of Rental Stock

Property Listings — Mentor, OH

Demographics — Mentor, OH

Race and Ethnicity

Mortgage and Risk — Mentor, OH

Mortgages

Rentals and Section 8 — Mentor, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Mentor, OH

Home Price to Income Ratio

Mentor, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Fairport Harbor

Willoughby, OH

Eastlake, OH

Painesville, OH

Chesterland, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$279,000
Median Household Income	$85,900

Mentor, OH—44060

Key Metrics at a Glance

Home Price Trends — Mentor, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mentor, OH

% of Rental Stock

Property Listings — Mentor, OH

Demographics — Mentor, OH

Race and Ethnicity

Mortgage and Risk — Mentor, OH

Mortgages

Rentals and Section 8 — Mentor, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Mentor, OH

Home Price to Income Ratio

Mentor, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Fairport Harbor

Willoughby, OH

Eastlake, OH

Painesville, OH

Chesterland, OH

Frequently Asked Questions

What is the average home price in Mentor, OH 44060?

How have home prices in Mentor, OH 44060 changed over the past year?

What is the home price projection for Mentor, OH 44060?

What are the demographics of Mentor, OH 44060?

How long does it take homes to sell in Mentor, OH 44060?

What is the average rent price in Mentor, OH 44060?