Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mentor-on-the-Lake area can be challenging. Home prices in Mentor-on-the-Lake are now at a median cost of $140,979, lower than the Ohio average of $181,280.
The average cost of rent is $1,007/mo in Mentor-on-the-Lake, primarily driven by the current value of real estate in the Mentor-on-the-Lake area. While nearly 31.17% of residents own their homes outright in Mentor-on-the-Lake, 39.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mentor-on-the-Lake is $4,869 per month. Households that rent pay about 20.69% of their income on rent here. Mentor-on-the-Lake's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mentor, OH: higher priced homes
- Grand River, OH: higher priced homes
- Willoughby, OH: higher priced homes
- Eastlake, OH: equally priced homes
- Timberlake, OH: higher priced homes
- Fairport Harbor, OH: less expensive homes
- Painesville, OH: higher priced homes
- Waite Hill, OH: higher priced homes
- Kirtland Hills, OH: higher priced homes
- Willowick, OH: equally priced homes
Cities with Similar Populations
- Newcomerstown, OH: less expensive homes
- North Riverside, IL: higher priced homes
- North Manchester, IN: equally priced homes
- North Chili, NY: higher priced homes
- Nokesville, VA: higher priced homes
- Nicholls, GA: less expensive homes
- Newton Highlands, MA: higher priced homes
- Newport, WA: higher priced homes
- Newland, NC: higher priced homes
- Newfield, NJ: higher priced homes
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