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Mentor-on-the-Lake, OH
Full City Profile · Ohio · Lake County County
3.3
/5.0
B
Good
7,117
Population
4,421/sq mi density
$61,320
Median Income
$39,792 per capita
$171,200
Home Value
$263,746 Zillow
$1,021
Median Rent
23.3% income on rent
53°F
Avg Temperature
275 sunny days/yr
149
Violent Crime/100K
824 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$61,320 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$171,200 home value, $1,021/mo rent
F
Safety
1.0 / 5.0
149 violent crimes/100K
C+
Education
2.8 / 5.0
22.5% bachelor's degree or higher
Housing Overview
Median Home Value
$171,200
39% below
US avg: $281,900
Median Rent
$1,021/mo
12% below
US avg: $1,163/mo
Homeownership Rate
60.3%
8% below US avg (65.4%)
Total Housing Units
3,802
Median year built: 1975
Home Value by Source
Census Median
$171,200
Zillow (ZHVI)
$263,746
Median Sale Price
$269,000
Median List Price
$246,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.3%
Owner-Occupied
39.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent:
$1,021/mo
Market Indicators (Redfin)
Median Days on Market
78 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
16.7%
of listings with price reduction
Price Per Sq Ft
$191
Active Inventory
12
homes for sale
Affordability & Housing Stock
Rent Burden
23.3%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
60.3%
Complete Housing Data
Home Values
| Census Median Value | $171,200 |
| Zillow Home Value (ZHVI) | $263,746 |
| Median Sale Price | $269,000 |
| Median List Price | $246,500 |
| Price Per Sq Ft | $191 |
Rent
| Census Median Rent | $1,021 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $873 |
| FMR 2-Bedroom | $1,092 |
| FMR 3-Bedroom | $1,388 |
| FMR 4-Bedroom | $1,550 |
Market
| Days on Market | 78 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.7% |
| Homes Sold | 5 |
| Active Inventory | 12 |
| Price Per Sq Ft | $191 |
Ownership & Stock
| Owner-Occupied | 60.3% |
| Renter-Occupied | 39.7% |
| Homeownership Rate | 60.3% |
| Total Housing Units | 3,802 |
| Median Year Built | 1975 |
| Rent Burden | 23.3% |