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Affordable
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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 $359,108, higher than the Ohio average of $236,816.
The average cost of rent is $1,783/mo in Mayfield, primarily driven by the current value of real estate in the Mayfield area. In Mayfield, 15.58% of households rent, and 45.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mayfield is $10,617 per month. Households that rent pay about 16.79% of their income on rent here. Mayfield’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mayfield Heights, OH: less expensive homes
- Gates Mills, OH: higher priced homes
- Highland Heights, OH: equally priced homes
- Lyndhurst, OH: less expensive homes
- Willoughby Hills, OH: less expensive homes
- Richmond Heights, OH: less expensive homes
- Pepper Pike, OH: higher priced homes
- Hunting Valley, OH: higher priced homes
- South Euclid, OH: less expensive homes
- Wickliffe, OH: less expensive homes
Cities with Similar Populations
- Albany, IN: less expensive homes
- Abingdon, IL: less expensive homes
- Bentleyville, PA: less expensive homes
- Sneedville, TN: less expensive homes
- Chunchula, AL: less expensive homes
- Crestview Hills, KY: less expensive homes
- DeLeon, TX: less expensive homes
- Hope, IN: less expensive homes
- Norwich, VT: higher priced homes
- Yantis, TX: less expensive homes
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