Mentone, IN housing market
The typical Mentone home is worth about $216,000, up 7.3% in a year, 17% below the Indiana typical home.
Home values, sales, trends and how Mentone compares with the towns next door — updated as new data is published.
Mentone at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Mentone | Indiana |
|---|---|---|
| 2017 | $113,000 | $135,000 |
| 2018 | $119,000 | $144,000 |
| 2019 | $127,000 | $154,000 |
| 2020 | $132,000 | $164,000 |
| 2021 | $146,000 | $183,000 |
| 2022 | $163,000 | $209,000 |
| 2023 | $174,000 | $227,000 |
| 2024 | $185,000 | $237,000 |
| 2025 | $199,000 | $249,000 |
| 2026 | $204,000 | $256,000 |
| August 2026 | $216,000 | $260,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Mentone in 2025. Over the past 10 years, Mentone has permitted 6 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mentone's population fell by 58 even though 2 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $145,000 |
| 2025 | 1 | 1 | 0 | $145,000 |
| 2024 | 2 | 2 | 0 | $482,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 1 | 1 | 0 | $80,000 |
| 2020 | 1 | 1 | 0 | $80,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $205,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $118,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 2 | 2 | 0 | $63,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 21 | 0 | 21 | $1.5 million |
| 2006 | 2 | 2 | 0 | $317,000 |
| 2005 | 9 | 9 | 0 | $539,000 |
| 2004 | 7 | 7 | 0 | $383,000 |
| 2003 | 2 | 2 | 0 | $145,000 |
| 2002 | 5 | 2 | 3 | $422,000 |
| 2001 | 3 | 3 | 0 | $346,000 |
| 2000 | 3 | 3 | 0 | $270,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in Mentone is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mentone pay a median of $797, so moving in tends to cost more than staying put.
Studio $830 · 4 bedrooms $1,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46539; Fulton County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Mentone
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.