Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 7,386 people, 3,357 houses or apartments, and a median cost of homes of $145,081, Mentor-on-the-Lake real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Mentor-on-the-Lake, accounting for 65.42% of the city's housing units. Other types of housing that are prevalent in Mentor-on-the-Lake include large apartment complexes or high rise apartments ( 23.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.91%), and a few row houses and other attached homes ( 3.85%).
The most prevalent building size and type in Mentor-on-the-Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.30% owning and 37.70% renting.
There is a lot of housing in Mentor-on-the-Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mentor-on-the-Lake built between 1940-1969 ( 44.32%). A lesser amount of the housing stock also hails from before 1939 ( 8.01%). There's also some housing in Mentor-on-the-Lake built between 2000 and later ( 1.71%).
Mentor-on-the-Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mentor-on-the-Lake during the period has been just -1.37%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Mentor-on-the-Lake's appreciation rate, at 3.19%, has been at or slightly above the national average. In the latest quarter, Mentor-on-the-Lake's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.
Relative to Ohio, our data show that Mentor-on-the-Lake's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.
|$819,001 - $1,091,000||0.0|
|$546,001 - $819,000||0.4|
|$437,001 - $546,000||1.8|
|$328,001 - $437,000||0.2|
|$218,001 - $328,000||2.8|
|$109,001 - $218,000||72.7|
|$55,001 - $109,000||18.9|
|$0 - $55,000||2.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mentor-on-the-Lake HOMES|
|2000 or Newer||1.7|
|1970 - 1999||46.0|
|1940 - 1969||44.3|
|1939 or Older||8.0|
|TYPE OF Mentor-on-the-Lake HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Mentor-on-the-Lake HOMES|
|5 or more bedrooms||1.76|