Zip 45862 (Mendon, OH) Housing

The housing market in Mendon, OH is quite strong. The median house value for the city is $151,600, which is significantly lower than the US median house value of $338,100. However, the one year house appreciation rate for Mendon is 8.69%, slightly higher than the US average of 8.27%. This indicates that property values in Mendon are increasing at a faster rate than the national average and may continue to grow in the future.

The median home cost in Mendon (zip 45862) is $151,600. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Mendon (zip 45862) is up 11.9%.

Average Age of Homes

- The median age of Mendon (zip 45862) real estate is 64 years old

The Rental Market in Mendon (zip 45862)

- Renters make up 17.6% of the Mendon (zip 45862) population
- 1.0% of houses and apartments in Mendon (zip 45862), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mendon, Ohio	United States
	690.0	139,647,020.0
	66	42
	$151,600	$338,100
	11.9%	16.6%
	48.3%	57.0%
	64.5%	101.1%
	$12.31	$10.98
	$1,197	$2,690
	82.8%	57.4%
	4.2%	11.2%
	13.0%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	1.0%	0.4%
	0.0%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	8.6%	2.4%
	8.1%	2.8%
	16.6%	3.9%
	19.6%	4.5%
	24.9%	11.3%
	10.9%	13.0%
	6.5%	20.1%
	4.6%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	5.1%	13.6%
	10.4%	13.2%
	19.1%	14.8%
	5.1%	13.6%
	6.2%	10.0%
	11.4%	4.7%
	35.5%	12.2%

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