Rent to own Homes in Mentor, OH
Relax at Headlands Beach: Mentor is located right on Lake Erie, and that means the city boasts lake beaches. Headlands Beach is the longest public swimming beach in the Buckeye State. Headlands BeachFest is a fun-filled annual party that is one of the city's best events. The beach is located close to Mentor Marsh State Nature Preserve and near where the Grand River flows into Lake Erie.
Mentor, OH is a great place for affordable rent-to-own homes! With a median household income of over $73,208 and a median rent of $958, the Mentor, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Mentor, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Mentor, OH Property Resources
Rent to own Homes in Cities Near Mentor, OH
- Bass Lake
- Bedford Heights
- Bentleyville
- Boston Heights
- Broadview Heights
- Brooklyn
- Chardon
- Chesterland
- Cuyahoga Falls
- Euclid
- Glenwillow
- Grand River
- Highland Heights
- Hudson
- Hunting Valley
- Huntsburg
- Independence
- Kirtland
- Lakeline
- Lakewood
- Linndale
- Lyndhurst
- Macedonia
- Mantua
- Maple Heights
- Mentor-on-the-Lake
- Middleburg Heights
- Moreland Hills
- Newbury
- Orange
- Painesville
- Parma
- Parma Heights
- Peninsula
- Reminderville
- Richfield
- Richmond Heights
- Rocky River
- Shaker Heights
- Solon
- South Euclid
- South Russell
- Stow
- Streetsboro
- Sugar Bush Knolls
- Timberlake
- Twinsburg Heights
- University Heights
- Waite Hill
- Wickliffe
Neighborhoods in Mentor, OH
Hart rent to own homes Newell Creek rent to own homes Mentor rent to own homesBuying a Home in Mentor, OH
Mentor, OH is seeing rapid growth and Mentor, OH's' housing market remains optimal with an average home price that is -16% below the 2024 national average. Mentor, OH is part of Lake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lake is 1.54% which is above the national average, which is 0.99%.
Median Home Price in Mentor, OH
Median Rent in Mentor, OH
Top 10 Reasons to Live in Mentor
Live near Lake Erie: You can enjoy views of the water every day from your living room window. The listing prices of many of these pads fall between $140,000 and $150,000, which is about equal to the city's average. You can also find homes for sale or rent to own houses. Mentor-on-the-Lake, Mentor Highlands and Lakeview are three subdivisions worth checking.
Fish at Eleanor B. Garfield Park: It's one of the city's biggest parks and features the town's best fishing hole. Other notable parks in Mentor include President's Park, Civic Center Park and Morton Community Park.
Enjoy reasonable rent: If you are looking for property rentals or rent to own homes, Mentor is an ideal place. One bedroom homes range from $550 to $700 per month, two bedrooms from $650 to $800 and three bedrooms from $750 to $1,000. Complexes like Deepwood North Apartments, Queensdale Apartments and Mentor Mall Village are great choices.
Shop at specialty stores: Mentor has shopping malls and commonplace supermarkets, but the city is also home to specialty shops. Notable establishments like Fireside Antiques, the Olive and the Grape, and Gallery One ensure you can get everything from locally produced olive oil to landscape paintings.
Save on a foreclosure: The average value of a home in Mentor is now $147,400. Generally speaking, foreclosures that are still in decent condition offer a better return on investment than choosing to rent to own or purchase. Prices span from $60,000 to $105,000, with some less and some more. Something near Wildwood Park or a place near Mentor Commons Shopping Center could work perfectly for you.
Explore Mentor Lagoons Nature Preserve and Marina: Covering roughly 450 acres, this is the place to go if you want to hike in a gorgeous natural setting. The mammoth preserve is located right next to Mentor Harbor and near Veterans Memorial Park and Mentor Beach Park.
Live in a historic property: Over 25% of homes in Mentor were constructed before 1960 and over 5% were built prior to 1940. Places near the Mentor Public Library and Great Lakes Mall carry a lot of history. By getting one of these time-honored gems, you become a part of that history.
Satisfy your taste buds: Mentor offers a lot of choices when it comes to delicious cuisine. Eateries such as Skye Bistro, Melt Bar and Grilled, and Yours Truly Restaurant give you ample options.
Stay physically active: There are all sorts of activities in Mentor to do, from boating to tennis. Skate at Mentor Ice Arena, ski at the Alpine Valley Ski Resort and golf at Black Brook Golf Course.