Mentor, OH Airbnb Market Data, Statistics, and Occupancy Rates

Mentor Short-Term Rental Market Overview

Mentor, OH presents a compelling short-term rental opportunity with an ROI score of 78 out of 100, driven by above-average revenue-to-price ratios and strong supply/demand dynamics. With just 13 active Airbnb listings and average annual revenue of $31,450 against home values averaging $385,229, investors benefit from relatively affordable entry points compared to many Ohio markets. The market's pronounced seasonality — peaking in late summer — rewards hosts who optimize pricing strategies around Lake Erie tourism and warm-weather demand.

Key Market Statistics

According to Rabbu market data, the Mentor short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Mentor

Mentor's combination of affordable home prices, above-average revenue-to-price ratios, and minimal competition from just 13 active listings makes it an attractive entry point for STR investors seeking Lake Erie-area exposure.

Expert Market Assessment

"Mentor earns a 'Standout Opportunity' designation with its 78/100 ROI score, reflecting favorable fundamentals across revenue potential, occupancy stability, and supply/demand balance. The market's seasonality is significant — monthly revenue swings from roughly $1,000 in the winter months to nearly $4,900 in August — meaning investors should plan for leaner January through April periods while capitalizing on robust summer and fall earnings. With average annual revenue of $31,450 and home values around $385,229, the yield math works out favorably compared to many Ohio STR markets. The small listing count and above-average supply/demand dynamics suggest this is still an early-stage market with room for well-positioned operators to thrive."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Mentor

Average revenue by month in Mentor

Mentor's revenue peaks sharply in August at $4,885 and stays elevated through October ($3,856), while the slowest months — January ($1,016) and February ($1,002) — deliver roughly one-fifth of peak earnings. This nearly 5:1 seasonal spread means investors should budget for lean winters while planning to maximize returns during the extended summer-to-fall high season.

Active Airbnb listings by property size in Mentor

All reported active listings in Mentor fall into the 3-bedroom category, with 7 of the 13 total listings sized this way. The absence of other bedroom counts in the data suggests potential opportunity for investors willing to offer smaller or larger configurations to differentiate from the current supply.

Average daily rate (ADR) by property size in Mentor

Three-bedroom properties in Mentor command an ADR of $251, which is above the overall market average of $232. This premium reflects the family and group-oriented nature of the market, where larger homes with full amenity packages can justify higher nightly rates.

Average RevPAN by property size in Mentor

Three-bedroom listings generate a RevPAN of $75, slightly above the market-wide average of $69. This indicates that the dominant property size in Mentor captures solid revenue per available night even after accounting for the market's 30% average occupancy.

Average occupancy rates by property size in Mentor

Three-bedroom properties maintain a 30% occupancy rate, consistent with the market average. While this rate is moderate, it aligns with the seasonal demand patterns of a Lake Erie-area market where summer and fall drive the bulk of bookings.

Average monthly revenue by property size in Mentor

Three-bedroom listings average $2,419 per month in revenue, forming the backbone of Mentor's STR market. With no other bedroom sizes reporting data, this figure serves as the primary benchmark for investors evaluating property acquisition in the area.

Average annual revenue by property size in Mentor

At $29,028 in average annual revenue, 3-bedroom properties represent the core earning tier in Mentor. This figure, combined with average home values of $385,229, gives investors a tangible baseline for modeling cash-on-cash returns before factoring in operating expenses.

Most common amenities for Airbnb listings in Mentor

Kitchen and parking are universal at 100% of listings, while washer/dryer and patio or balcony appear in 92% — signaling that guests expect home-like comforts as a baseline. Notably, 85% of listings are pet-friendly and 31% offer lake access, pointing to a guest demographic that skews toward families and outdoor enthusiasts seeking Lake Erie getaways.

Understanding Mentor's ROI Score: 78/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Mentor's ROI score of 78 out of 100 places it in the 'Standout Opportunity' band, reflecting above-average performance in revenue-to-price ratio, occupancy stability, and supply/demand balance, with average market growth trends rounding out the picture. The combination of affordable home prices and meaningful rental income creates favorable yield dynamics that many larger Ohio markets can't match. Investors should pair this score with thorough research into Mentor's local STR regulations and their own operating cost assumptions to validate the opportunity.

Short-Term Rental Regulations in Mentor

Understanding local STR regulations is essential before investing in Mentor. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Mentor, Ohio may need to obtain permits or register their property with local authorities before listing. Investors should verify current requirements directly with the City of Mentor and Lake County offices, as regulations can change.

Key Restrictions

Common STR restrictions in Ohio municipalities can include occupancy limits, minimum stay requirements, noise ordinances, parking regulations, and HOA-imposed rules. Some communities may also cap the number of active permits or require properties to meet specific safety and inspection standards.

Tax Obligations

Ohio imposes state sales tax and county lodging taxes on short-term rentals, and platforms like Airbnb often collect and remit these on behalf of hosts. Investors should confirm their obligations with the Ohio Department of Taxation and Lake County to ensure full compliance.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Mentor can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Mentor's STR market is expected to see continued growth in listing supply, with a 55% year-over-year increase in active listings already underway. Despite this expansion, the market's small base of just 13 listings suggests there's room for additional inventory before saturation becomes a concern. ADR may hold steady or see modest 1–3% increases as demand firms up during peak summer months, with occupancy rates likely ranging between 28–35% depending on season. Investors entering now can position themselves ahead of further supply growth while the market remains undersaturated."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Mentor, OH

What is the average Airbnb occupancy rate in Mentor?

The average Airbnb occupancy rate in Mentor is currently 30%, which sits slightly below the Ohio state average of 34%. This figure reflects the market's seasonal nature, with occupancy climbing during summer and fall months and softening in winter. Investors who optimize their listing quality and pricing strategy may outperform this average.

How much do Airbnb hosts make in Mentor?

Airbnb hosts in Mentor earn an average of $2,620 per month, or approximately $31,450 annually, based on trailing 12-month booking data. Revenue varies significantly by season, ranging from around $1,000 in the quietest winter months to nearly $4,900 in August. Individual results depend on property quality, amenities offered, and pricing optimization.

Is Mentor a good market for Airbnb investment?

Mentor scores 78 out of 100 on Rabbu's ROI Score, earning a 'Standout Opportunity' rating. The market benefits from above-average revenue-to-price ratios, strong supply/demand balance, and stable occupancy patterns. With only 13 active listings and average home values of $385,229, the competitive landscape remains favorable for new entrants. Investors should account for seasonal revenue fluctuations and verify local regulations before committing.

What is the average daily rate (ADR) for Airbnb in Mentor?

The average daily rate for Airbnb listings in Mentor is $232, coming in just below the Ohio state average of $250. Three-bedroom properties — which make up the majority of the market's supply — command a slightly higher ADR of $251, reflecting the premium that larger, family-friendly homes can achieve in this area.

Are short-term rentals legal in Mentor?

Short-term rentals operate in Mentor, OH, with 13 active Airbnb listings currently on the market. However, local regulations and permit requirements can evolve, so prospective investors should verify current STR rules directly with the City of Mentor and Lake County authorities before purchasing or listing a property.

When is peak season for Airbnb in Mentor?

Peak season in Mentor runs from roughly June through October, with August standing out as the strongest month at an average revenue of $4,885. October remains strong at $3,856, while the slowest months are January and February, when average revenue dips to around $1,000–$1,016. This seasonal pattern aligns with Lake Erie-area tourism and outdoor recreation trends.

How many Airbnbs are there in Mentor?

There are currently 13 active Airbnb listings in Mentor as of April 2026. The market has seen 55% year-over-year growth in listing count, though the small base means the total inventory remains modest. This low supply level can work in favor of well-managed properties seeking to capture a meaningful share of demand.

How is Airbnb revenue calculated in Mentor?

The annual and monthly revenue figures for Mentor are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market
• Average daily rate, occupancy, and RevPAN trends across property sizes
• Historical monthly and annual revenue based on trailing 12-month booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Popular amenity prevalence across active listings in the market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots as of the date indicated; market conditions may shift. Local regulations, tax obligations, and permit requirements vary and should be independently verified before investing.