Mentor, MN 56736 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mentor, MN—56736

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$324,000

5.0% YoY Growth

Household Income

$81,500

35.7% YoY Growth

Days on Market

155

20.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mentor, MN

As of Nov '25, the median home price in Mentor, MN is $324,000, with a year-over-year change of 5.0%. This indicates that home prices in Mentor, MN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$324,000	5.0%
Single Family	$323,000	5.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.4%

1 Bedroom

17.2%

2 Bedrooms

17.2%

3 Bedrooms

62.1%

Property Listings — Mentor, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Mentor, MN is 155. This is a increase of 20.0% 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	$371,000	-21.0%
Listing Count	10	-31.0%
Listings as % of Homes	0.9%	-31.0%
Days on Market	155	20.0%

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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%

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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%

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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

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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

Mentor, MN—56736

Key Metrics at a Glance

Home Price Trends — Mentor, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mentor, MN

% of Rental Stock

Property Listings — Mentor, MN

Demographics — Mentor, MN

Race and Ethnicity

Mortgage and Risk — Mentor, MN

Mortgages

Rentals and Section 8 — Mentor, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mentor, MN

Home Price to Income Ratio

Mentor, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Erskine, MN

Fertile, MN

Red Lake Falls, MN

Winger, MN

Brooks, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$324,000
Median Household Income	$81,500

Mentor, MN—56736

Key Metrics at a Glance

Home Price Trends — Mentor, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mentor, MN

% of Rental Stock

Property Listings — Mentor, MN

Demographics — Mentor, MN

Race and Ethnicity

Mortgage and Risk — Mentor, MN

Mortgages

Rentals and Section 8 — Mentor, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mentor, MN

Home Price to Income Ratio

Mentor, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Erskine, MN

Fertile, MN

Red Lake Falls, MN

Winger, MN

Brooks, MN

Frequently Asked Questions

What is the average home price in Mentor, MN 56736?

How have home prices in Mentor, MN 56736 changed over the past year?

What is the home price projection for Mentor, MN 56736?

What are the demographics of Mentor, MN 56736?

How long does it take homes to sell in Mentor, MN 56736?

What is the average rent price in Mentor, MN 56736?