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These days, finding an affordable place to live in the Mentor area can be challenging. Home prices in Mentor are now at a median cost of $338,100, higher than the Kentucky average of $219,615.
The average cost of rent is $690/mo in Mentor, primarily driven by the current value of real estate in the Mentor area. In Mentor, 6.18% of households rent, and 35.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mentor is $8,268 per month. Households that rent pay about 8.35% of their income on rent here. Mentor’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Paintersville, CA: higher priced homes
- Pancoastburg, OH: less expensive homes
- Pence, KS: less expensive homes
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