Home Values

Mendota Heights Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$335,700

  • 4.8% 1-year change
  • 2.4% 1-year forecast

The median home value in Mendota Heights is $335,700. Mendota Heights home values have gone up 4.8% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Mendota Heights is $230, which is higher than the Minneapolis-St Paul Metro average of $165. The median price of homes currently listed in Mendota Heights is $419,900 while the median price of homes that sold is $315,962. The median rent price in Mendota Heights is $1,095, which is lower than the Minneapolis-St Paul Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Mendota Heights 1.8 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 4.1 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mendota Heights is 5.5%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mendota Heights homeowners underwater on their mortgage is 9.7%, which is lower than Minneapolis-St Paul Metro at 15.5%.

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Relative ZHVI
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Mendota Heights Market Overview

Data through Feb 28, 2015
  • $335,700 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $419,900 Median listing price
  • No recent data Median sale price
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Mendota Heights Market Health

Data through Feb 28, 2015
  • 9.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.8 homes(Nov 30, 2014) Mendota Heights
4.1 homes Minneapolis-St Paul Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Falcon Heights $272,000
Eagan $219,000
Roseville $213,800
Name Median ZHVI
Inver Grove Heights $186,400
Lauderdale $186,100
Lilydale $182,300
Name Median ZHVI
West Saint Paul $160,100
Saint Paul $159,800
South Saint Paul $148,100

Listings & Sales

Data through Feb 28, 2015
  • $230 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.8% Listings with price cut
9.5%
Sold below listing
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Mendota Heights Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,002 Mendota Heights
    $1,506 Minneapolis-St Paul Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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