Living in Mendon, OH
Mendon, Ohio is a small village that combines rural charm with community warmth. Residents benefit from peace and quiet, while being within a short drive of larger towns for additional amenities. The area supports an active lifestyle with ample outdoor activities and local events.
Current Market Conditions in Mendon, OH
The real estate market in Mendon has shown steady growth over the past year. With its low inventory and increasing demand for housing, particularly from families seeking a safe and peaceful environment, home prices have seen a positive upward trend. The affordability of properties remains attractive compared to nearby urban areas, making it an appealing spot for first-time homebuyers and retirees alike.
Indicators suggest that the market will continue to experience growth, particularly as more individuals prioritize rural living and seek out the community-oriented lifestyle offered in Mendon.
Home Value Estimator For Mendon, OH
There are currently 515 real estate properties
in Mendon, OH,
with a median automated valuation model (AVM) price
of $163,753.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mendon, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mendon, OH,
is $182,905.00, with the most expensive house
in Mendon, OH, topping out
at $580,113.00 and the cheapest home
in Mendon, OH,
clocking in at $10,153.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mendon, OH!
Rent Prices
In Mendon, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mendon, OH, is on
a rollercoaster ride. The
average rent price in Mendon, OH,
is $1,170.00. Indeed, when looking to rent in
Mendon, OH, you can expect to pay as little
as $640.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Mendon, OH
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
