The housing market in Mentor, MN is an attractive investment opportunity for those looking to buy a home. The median value of a house in Mentor is $292,000, which is significantly lower than the US median house value of $338,100. Furthermore, the 1 year house appreciation rate in Mentor stands at 9.54%, which is higher than the national average of 8.27%. Therefore, buying a home in Mentor can be a great long-term investment with potential for excellent returns.
The median home cost in Mentor is $292,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Mentor is up 14.7%.
Average Age of Homes
- The median age of Mentor real estate is 78 years old
The Rental Market in Mentor
- Renters make up 19.1% of the Mentor population
- 4.7% of houses and apartments in Mentor, 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.