Real Estate Market Update for Mentor, OH
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 26% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 120-thousand dollars. The number of units sold increased 9% year-over-year, and increased 11% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Mentor, OH
Area Information for Mentor, OH
  • Population: 47,311
  • Median Age: 44.41 yr
  • Median Commute Time: 19.93 mins
  • Educational Climate*: 4
  • Sales Tax: 6.75%
  • Population Density: 1,776/sq mi
  • Population Change Since 2000: -5.9%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Lake Erie College
  • Closest Jr. College: Lakeland Community College
  • Median Household Income: $64,958
  • Annual Residential Turnover: 13.5%
  • Median Years in Residence: 4.84 yr
  • Median Home Sales Price: $116,450
  • Closest Major Sports Team: Indians
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Mentor, OH
Median Age: 44.41 Married: 42% Number of Households: 19,183 Households with Children: 5,702
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Mentor, OH

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St Mary Of The Assumption School 0.2 mi Catholic PRESCHOOL-8 0 4
      Memorial Middle School 0.9 mi Public 6-8 4-5 5
      Garfield Elementary School 1.0 mi Public K-5 4 4
      Hopkins Elementary School 1.1 mi Public K-5 5 4
      Mentor High School 1.6 mi Public 9-12 4 3
      Ridge Middle School 1.7 mi Public 6-8 3-5 5
      Fairfax Elementary School 1.8 mi Public K-5 4 5
      Brentmoor Elementary School 2.2 mi Public K-5 3 0
      Orchard Hollow Elementary School 2.3 mi Public K-5 4-5 3
      Lake Catholic High School 2.5 mi Catholic 9-12 0 4
      Bellflower Elementary School 2.5 mi Public K-5 4-5 4
      St Gabriel School 2.7 mi Catholic PRESCHOOL-8 0 5
      Rice Elementary School 2.8 mi Public K-5 4 5
      Shore Middle School 3.2 mi Public 6-8 3-5 4
      Mentor Christian School 3.3 mi Private PRESCHOOL-12 0 0
      Lake Elementary School 3.3 mi Public K-5 3 5
      Cares School 4.4 mi Public PRESCHOOL-UNGRADE 0 0
      Sterling Morton Elementary School 5.3 mi Public K-5 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Mentor, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.