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Affordable
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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 $329,135, lower than the Minnesota average of $345,793.
The average cost of rent is $808/mo in Mentor, primarily driven by the current value of real estate in the Mentor area. In Mentor, 8.89% of households rent, and 54.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mentor is $7,709 per month. Households that rent pay about 10.48% of their income on rent here. Mentor’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Erskine, MN: less expensive homes
- Fertile, MN: less expensive homes
- Rindal, MN: less expensive homes
- Winger, MN: less expensive homes
- Terrebonne, MN: less expensive homes
- Brooks, MN: less expensive homes
- Mcintosh, MN: less expensive homes
- Angus, MN: less expensive homes
- Red Lake Falls, MN: less expensive homes
- Gentilly, MN: less expensive homes
Cities with Similar Populations
- South Torrington, WY: less expensive homes
- Kidder, MO: less expensive homes
- Klamath, CA: less expensive homes
- Lake Quivira, KS: higher priced homes
- Lake Talmadge, GA: less expensive homes
- Langley, KY: less expensive homes
- Leo, SC: less expensive homes
- Mead, NE: less expensive homes
- Sontag, MS: less expensive homes
- South Monterey, MI: less expensive homes
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