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Mendon village, OH

ZIP 45862 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45862

Median Home Value
$112,000
Median Rent
$483
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$719/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45862 in Mendon village, OH, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $719. That sits below the local median household income ($38,281), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
83.8%+28% vs US avg
x
Vacancy Rate
3.8%-64% vs US avg
x
Broadband Access
77.2%-11% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
10.9%-15% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
14.6%-71% vs US avg
x
Mortgage-Free
71.1%+86% vs US avg
x
$112,000
Home Value
$483
Rent
1961
Year Built
1993
Moved In

Residents have lived here since ~1993 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.5%
  • 1-unit attached1.0%
  • 2-9 units3.1%
  • 10+ units0.0%
  • Mobile home & other9.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$112,000
Median rent$483
Owner-occupied83.8%
Vacant3.8%
Price-to-income2.9x
Est. income to buy$31,000