Market Overview
Home Prices in Mentor, MN
The median home value in Mentor, MN is $346,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.6% compared to a year ago and up 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mentor are priced16% below average. Mentor is part of the Grand Forks, ND-MN metro area.
Over the past five years, Mentor home values have risen by approximately35.6%, reflecting strong long-term appreciation in this market.
Price History
Mentor Home Price Trend
City Comparison
Mentor vs. National Median
At $346,252, homes in Mentor cost 16% below the national median of $410,000. This makes Mentor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mentor?
20% Down Payment
$69,250
on $346,252
Monthly P&I
$1,806/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,294/mo
incl. taxes & insurance
Income Needed
$91,760
gross annual (30% rule)
10% Down Option
$34,625
+ PMI applies
Loan Amount (20% dn)
$277,002
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mentor, MN?
The median home value in Mentor is $346,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.6% year-over-year.
How much have home prices changed in Mentor?
Over the past year, home values in Mentor have increased by 8.6%. Over five years, prices have risen approximately 35.6%.
How much do I need to earn to buy a home in Mentor?
To comfortably afford the median home price of $346,252 with a 20% down payment ($69,250) at today's rates (6.8%), you'd need a gross annual income of approximately $91,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Mentor compare to the national average home price?
The national median home value is approximately $410,000. At $346,252, homes in Mentor are 16% below the national average.
What metro area is Mentor part of?
Mentor is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.