Mentor, MI housing market
Home prices around Mentor have risen about 79% over the past 5 years.
Home values, sales, trends and how Mentor compares with the towns next door — updated as new data is published.
Home prices up 79% in 5 years
The federal house price index for the ZIP codes around Mentor rose 79% over the past 5 years, faster than across Michigan (52%). Last year prices rose 12%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +12% | +110% | +97% |
| 2024 | +8.9% | +88% | +88% |
| 2023 | +7.8% | +72% | +76% |
| 2022 | +13% | +60% | +64% |
| 2021 | +21% | +42% | +45% |
| 2020 | +4.6% | +17% | +30% |
| 2019 | +10% | +12% | +26% |
| 2018 | −9.1% | +1.9% | +20% |
| 2017 | +21% | +12% | +12% |
| 2016 | −13% | −7% | +5.3% |
| 2015 | +13% | +6.4% | 0% |
| 2014 | −4.7% | −5.7% | −4.7% |
| 2013 | +6.2% | −1% | −12% |
| 2012 | −8.4% | −6.8% | −16% |
| 2011 | +8.8% | +1.8% | −16% |
| 2010 | −14% | −6.5% | −12% |
| 2009 | −0.6% | +9.4% | −5% |
| 2008 | −12% | +10% | +3.5% |
| 2007 | −5.4% | +26% | +11% |
| 2006 | +8.8% | +33% | +16% |
| 2005 | +7.4% | +22% | +18% |
| 2004 | +1.8% | +14% | +14% |
| 2003 | +6.4% | +11% | +10% |
| 2002 | −1% | +4.8% | +8.3% |
| 2001 | +5.9% | +5.9% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48647, 48761, 48654, covering 60% of Mentor’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Mentor and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Mentor | — | +11.9%† | $980 | $42,500 |
| Comins | $167K | +7% | $980 | $52,500 |
| Rose | — | +13%† | $990 | $55,491 |
| Curtis | $201K | +9.8% | $1,060 | $39,180 |
† FHFA price index change, where Zillow has no home value for the town.
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 $980
HUD's Fair Market Rent for a two-bedroom in Mentor is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mentor pay a median of $578, so moving in tends to cost more than staying put.
Studio $700 · 4 bedrooms $1,390
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48647, 48654, 48761; Alcona County, MI), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.