Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mayfield area can be challenging. Home prices in Mayfield are now at a median cost of $257,774, higher than the Michigan average of $196,062.
The average cost of rent is $959/mo in Mayfield, primarily driven by the current value of real estate in the Mayfield area. While nearly 28.43% of residents own their homes outright in Mayfield, 8.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mayfield is $7,280 per month. Households that rent pay about 13.17% of their income on rent here. Mayfield's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Kingsley, MI: less expensive homes
- Summit City, MI: less expensive homes
- Acme, MI: equally priced homes
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- Monroe Center, MI: less expensive homes
- Grawn, MI: less expensive homes
- Williamsburg, MI: equally priced homes
- Fife Lake, MI: less expensive homes
- Buckley, MI: less expensive homes
Cities with Similar Populations
- Naval Air Station JRB, TX: less expensive homes
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- Summerhill, PA: less expensive homes
- St. Regis Park, KY: equally priced homes
- South Carthage, TN: less expensive homes
- Royal Center, IN: less expensive homes
- Richlandtown, PA: equally priced homes
- Pettisville, OH: less expensive homes
- Tamaroa, IL: less expensive homes
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