Mentor-on-the-Lake, OH Real Estate
According to census data in the year 2000 there were 3,405 housing units in Mentor-on-the-Lake.
This represents a 12.7% growth from 3,021 in 1990.
Of those housing units, 3,405 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mentor-on-the-Lake is about 68.9%.
Mentor-on-the-Lake's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Mentor-on-the-Lake were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.10% |
| Two Bedrooms | 27.30% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 0.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $115,600 |
| Median Price asked for vacant units | $85,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $712 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 56.80% |
| Debt Free | 20.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
