Market Overview
Home Prices in Mentor, OH
The median home value in Mentor, OH is $280,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mentor are priced32% below average. Mentor is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Mentor home values have risen by approximately30.0%, reflecting strong long-term appreciation in this market.
Price History
Mentor Home Price Trend
City Comparison
Mentor vs. National Median
At $280,580, homes in Mentor cost 32% 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
$56,116
on $280,580
Monthly P&I
$1,463/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,858/mo
incl. taxes & insurance
Income Needed
$74,320
gross annual (30% rule)
10% Down Option
$28,058
+ PMI applies
Loan Amount (20% dn)
$224,464
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, OH?
The median home value in Mentor is $280,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Mentor?
Over the past year, home values in Mentor have increased by 3.7%. Over five years, prices have risen approximately 30.0%.
How much do I need to earn to buy a home in Mentor?
To comfortably afford the median home price of $280,580 with a 20% down payment ($56,116) at today's rates (6.8%), you'd need a gross annual income of approximately $74,320. 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 $280,580, homes in Mentor are 32% below the national average.
What metro area is Mentor part of?
Mentor is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.