Real Estate Investing in Mentor, Ohio (44060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44060 (Mentor, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Mentor, OH (44060)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44060 Mentor
Investors eyeing 44060 need to respect the fundamentals at play. Home values of $282K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $282K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44060 is substantial and deserves full respect.
On the rental side, 44060 offers a low basis, the region around Mentor has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 44060 ZIP's population of 60,257 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 44060, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mentor:
Property Strategy for 44060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $121,698 | $1,190 | 7.0% | +8.3% | $121,698 |
| 2BR | $178,657 | $1,440 | 5.8% | +8.7% | $89,328 |
| 3BR | $250,322 | $1,850 | 5.3% | +7.2% | $83,441 |
| 4BR | $362,090 | $1,980 | 3.9% | +6.7% | $90,522 |
| 5BR | $428,052 | — | — | +7.1% | $85,610 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44060 Compare?
| Metric | 44060 | Mentor | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $281,641 | $281,641 | N/A | $237,530 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.4% |
| Avg Rent | $1,642 | $1,642 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44060 (Mentor, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,641 |
| Monthly Rent | $1,642 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44060
Population: 60,257
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44060
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,179 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Mentor, OH a friendly market for rental owners?
OH law landlord-friendly for landlords, and Mentor inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is the working-renter base in Mentor, OH?
Expect a solid tenant pool in Mentor, OH. The rental market absorbs $1,642/mo rents without meaningful friction.
How expensive is real estate in Mentor, OH?
Mentor, OH home values average about $282K. That price point suits investors targeting rentals with $1,642/mo in monthly income.
Is house hacking profitable in Mentor, OH?
Mentor, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,642/mo rent level.
What kind of market is Mentor, OH for investors?
Yes - Mentor, OH a 3.0/5 investability score. With $282K home prices against $1,642/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 44060 now. You don’t know where it ranks.
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How 44060 ranks in Cleveland-Elyria, OH
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