Foreclosures in Mentor, OH

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Home Value Estimator For Mentor, OH

There are currently 21,142 real estate properties in Mentor, OH, with a median automated valuation model (AVM) price of $270,445.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mentor, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mentor, OH, is $283,023.00, with the most expensive house in Mentor, OH, topping out at $2,806,182.00 and the cheapest home in Mentor, OH, clocking in at $49,320.00. In other words, there’s something for every potential homebuyer or savvy investor in Mentor, OH!

Rent Prices In Mentor, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mentor, OH, is on a rollercoaster ride. The average rent price in Mentor, OH, is $1,445.00. Indeed, when looking to rent in Mentor, OH, you can expect to pay as little as $660.00 or as much as $2,780.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Mentor, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Mentor, OH In 2024

Mentor is located in Lake, Ohio, with an estimated municipal population of 47,262 residents. All of the best foreclosed homes for sale in Mentor are located in the following zip code areas on 44060 44061. The estimated population per square kilometer (.62 miles) in Mentor is 656.

Cost Of Living In Mentor, OH

So, about how much do homes cost in Mentor? The most recent median value of resident-owned homes in Mentor is 172,562. An estimated 85.2 percent of households in Mentor own their homes, with an average family size of 2.91. The median household income in Mentor is 72,615, with33.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mentor, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Mentor? If so, the average rent price paid by renters in Mentor is 958, according to recent statistics.

Diversity And Demographics In Mentor, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mentor, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Mentor is 47.7, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Mentor is 55.5, with an average family size of 2.91.

The percentage of residents who report their race in Mentor is as follows:

White 96%
Black / African American 0.8%
Asian 1.4%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Mentor? Or maybe you are searching for 55+ active adult communities in and/or near Mentor?

The percentage of residents who report their age in Mentor is as follows:

Under 10 9.5%
Aged 10-19 11.2%
20s 10%
30s 10.5%
40s 11.7%
50s 15.7%
60s 16.2%
70s 9.6%
80+ 5.6%

Best Schools In Mentor, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mentor with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mentor.

Pros And Cons Of Living In Mentor, Ohio

How do you know that living in -- or moving to -- Mentor is right where you need to be? Perhaps you grew up in Mentor or already live nearby; therefore, the decision to buy a home in Mentor is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mentor for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mentor:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mentor.

Reasons To Move To Mentor, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mentor can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mentor, meanwhile, can field multiple offers from more qualified buyers.

Mentor, OH Foreclosures


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