Mayfield, KY—42066
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mayfield, KY
As of Oct '25, the median home price in Mayfield, KY is $155,000, with a year-over-year change of 7.9%. This indicates that home prices in Mayfield, KY are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | 7.9% |
| Single Family | $155,000 | 8.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $69,000 | 11.3% |
2 Bed | $103,000 | 8.4% |
3 Bed | $185,000 | 8.2% |
4 Bed | $258,000 | 7.1% |
| 5 Bed | $313,000 | 7.9% |
% of Housing Stock
Rental Trends — Mayfield, KY
As of July '25, Rentcast reports the average rent in Mayfield, KY is $895, with a year-over-year rent change of -22.2%. Per bedroom, the median rent as of July '25 in Mayfield, KY is 2-bedrooms: $895. The most common rental property sizes in Mayfield, KY are 2-bedroom and 3-bedroom, accounting for 39.3% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $895 | $895 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mayfield, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mayfield, KY is 66. This is a increase of 18.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | 28.0% |
Listing Count | 75 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 66 | 18.0% |
Demographics — Mayfield, KY
As of the latest ACS Survey released in 2023, Mayfield, KY has a population of 23,600, which has increased by 1.5% over the past 5 years. Mayfield, KY is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | 1.5% |
% Under 18 | 25.3% | 4.5% |
% Seniors | 18.6% | 2.2% |
% WFH | 8.1% | 478.6% |
% w/ College Degree | 18.2% | 6.4% |
As of the latest ACS Survey released in 2023, Mayfield, KY is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Mayfield, KY is hispanic, making up 10.6% of the population. Foreign-born residents account for 3.7% of the population in Mayfield, KY, and this percentage has decreased by 7.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.0% | -3.4% |
% Black | 5.8% | -13.4% |
% Hispanic | 10.6% | 27.7% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 3.7% | -7.5% |
Mortgage and Risk — Mayfield, KY
According to HUD data as of 2023, there were 298 mortgage originations in Mayfield, KY, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Mayfield, KY. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 298 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Mayfield, KY
Mayfield, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 696 |
Total Units Section 8 | 468 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | $65 | $895 | $960 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Mayfield, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $155,000 |
| Median Household Income | $48,100 |