The typical owner-occupied home in Mendon is worth about $594,100, 21% above the Utah median of $489,400 and 79% above the national median of $332,700. Owners pay a median $2,747 a year in property taxes, about 0.46% of their home's value, lower than the Utah rate of 0.52%. The median household earns $148,261 a year, so the median home costs 4.0 times the median income (5.1 times for Utah). 86% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Mendon at a glance
| Mendon | Utah | U.S. | |
|---|---|---|---|
| Median home value | $594,100 | $489,400 | $332,700 |
| Median property tax paid per year | $2,747 | $2,525 | $3,119 |
| Property tax as a share of value | 0.46% | 0.52% | 0.94% |
| Median household income | $148,261 | $95,166 | $80,734 |
| Homes lived in by their owners | 86% | 70% | 65% |
| Owner homes with a mortgage | 58% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,849 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 20.5% | 21.0% |
| Median rent | $785 | $1,496 | $1,413 |
| Rent as a share of renters' income | 21.1% | 28.9% | 30.6% |
| Median year homes were built | 1993 | 1992 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 1,482 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Mendon
At this week's average 30-year rate of 7.11%, buying the median Mendon home of $594,100 with 20% down costs about $3,673 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,662, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $157,394 for the 20%-down payment. That payment is 30% of the median Mendon household income of $148,261; at that income and 20% down, the 28% guideline points to a home of about $560,000.
The median rent here is $785 a month, so owning the median home costs about $2,888 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $118,820 |
|---|---|
| Loan amount | $475,280 |
| Principal and interest | $3,197 |
| Property taxes (0.46% a year) | $228 |
| Homeowners insurance (our estimate, 0.5% a year) | $248 |
| PMI | $0 |
| Total per month | $3,673 |
Change the numbers in the calculator
| Down payment | $20,794 |
|---|---|
| Loan amount | $583,339 |
| Principal and interest | $3,924 |
| Property taxes (0.46% a year) | $228 |
| Homeowners insurance (our estimate, 0.5% a year) | $248 |
| FHA mortgage insurance | $263 |
| Total per month | $4,662 |
Change the numbers in the calculator
Questions about home buying in Mendon
What is the median home value in Mendon?
About $594,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mendon?
Homeowners pay a median $2,747 a year, which is about 0.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Mendon?
For the median home with 20% down at 7.11%, the payment is about $3,673 a month. Keeping that under 28% of gross income takes about $157,394 a year.
More about Mendon
- Mortgage Refinance in Mendon
- Debt Relief in Mendon
- Home Equity Loans in Mendon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data