The housing market in Mentone, IN is rapidly growing. The median value for a house is $171,300, which is significantly lower than the United States median value of $338,100. This makes it an attractive area for those looking to buy a home. In the past year, the US has seen an 8.27% appreciation of homes, while Mentone has had 13.05% appreciation in that same time frame. This shows that investing in real estate in Mentone would be a great investment opportunity.
The median home cost in Mentone is $171,300. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Mentone is up 16.4%.
Average Age of Homes
- The median age of Mentone real estate is 54 years old
The Rental Market in Mentone
- Renters make up 19.7% of the Mentone population
- 1.5% of houses and apartments in Mentone, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.