Mayfield, NY—12117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mayfield, NY
As of Oct '25, the median home price in Mayfield, NY is $265,000, with a year-over-year change of 2.0%. This indicates that home prices in Mayfield, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 2.0% |
| Single Family | $263,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 1.4% |
3 Bed | $286,000 | 1.4% |
4 Bed | $348,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mayfield, NY
As of July '25, Rentcast reports the average rent in Mayfield, NY is $3,000, with a year-over-year rent change of -40.0%. Per bedroom, the median rent as of July '25 in Mayfield, NY is 2-bedrooms: $3,000. The most common rental property sizes in Mayfield, NY are 2-bedroom and 3-bedroom, accounting for 81.6% and 15.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,000 | $3,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mayfield, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mayfield, NY is 90. This is a increase of 112.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | 18.0% |
Listing Count | 21 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 90 | 112.0% |
Demographics — Mayfield, NY
As of the latest ACS Survey released in 2023, Mayfield, NY has a population of 2,840, which has decreased by -8.2% over the past 5 years. Mayfield, NY is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,840 | -8.2% |
% Under 18 | 17.2% | -9.0% |
% Seniors | 27.8% | 57.1% |
% WFH | 4.5% | 80.0% |
% w/ College Degree | 16.9% | -7.7% |
As of the latest ACS Survey released in 2023, Mayfield, NY is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Mayfield, NY is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.8% of the population in Mayfield, NY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -5.5% |
% Black | 0.2% | 100.0% |
% Hispanic | 1.0% | 11.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | 0.0% |
Mortgage and Risk — Mayfield, NY
According to HUD data as of 2023, there were 41 mortgage originations in Mayfield, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Mayfield, NY. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mayfield, NY
Mayfield, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | -$1,870 | $3,000 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Mayfield, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $265,000 |
| Median Household Income | $66,700 |