Mentor, MN—56736
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mentor, MN
As of Oct '25, the median home price in Mentor, MN is $327,000, with a year-over-year change of 5.3%. This indicates that home prices in Mentor, MN are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 5.3% |
| Single Family | $328,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $345,000 | 6.2% |
3 Bed | $435,000 | 5.1% |
4 Bed | $505,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mentor, MN
Mentor, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mentor, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mentor, MN is 129. This is a increase of 7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $514,000 | -16.0% |
Listing Count | 14 | -9.0% |
| Listings as % of Homes | 0.9% | -9.0% |
Days on Market | 129 | 7.0% |
Demographics — Mentor, MN
As of the latest ACS Survey released in 2023, Mentor, MN has a population of 670, which has decreased by -32.5% over the past 5 years. Mentor, MN is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 670 | -32.5% |
% Under 18 | 17.2% | 4.2% |
% Seniors | 32.8% | 16.3% |
% WFH | 5.7% | 67.6% |
% w/ College Degree | 22.2% | 9.9% |
As of the latest ACS Survey released in 2023, Mentor, MN is a predominantly white area, with 97.2% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Mentor, MN is asian, making up 0.9% of the population. Foreign-born residents account for 0.7% of the population in Mentor, MN, and this percentage has increased by 16.7% 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 | 97.2% | -0.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | 133.3% |
% Asian | 0.9% | ∞% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Mentor, MN
Mentor, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Mentor, MN
Mentor, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 24.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Mentor, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $327,000 |
| Median Household Income | $81,500 |