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Affordable
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These days, finding an affordable place to live in the Mayo area can be challenging. Home prices in Mayo are now at a median cost of $124,500, lower than the Virginia average of $443,089.
The average cost of rent is $807/mo in Mayo, primarily driven by the current value of real estate in the Mayo area. In Mayo, 16.63% of households rent, and 34.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mayo is $3,276 per month. Households that rent pay about 24.64% of their income on rent here. Mayo’s most expensive areas are in the central 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
- Denniston, VA: equally priced homes
- Cluster Springs, VA: higher priced homes
- Harmony, VA: higher priced homes
- Virgilina, VA: higher priced homes
- Danripple, VA: higher priced homes
- Alton, VA: equally priced homes
- McGehees Mill, NC: higher priced homes
- South Boston, VA: higher priced homes
- Hyco, VA: less expensive homes
- Roxboro, NC: higher priced homes
Cities with Similar Populations
- Treasureton, ID: higher priced homes
- Coreys, NY: higher priced homes
- Corton, WV: higher priced homes
- Costello, PA: higher priced homes
- Cowdrey, CO: higher priced homes
- Craige, WA: higher priced homes
- Creelsboro, KY: equally priced homes
- Cruise Mill, MO: higher priced homes
- Daysville, KY: less expensive homes
- Diamond, OR: higher priced homes
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