Lyndhurst, Mayfield Heights, OH—44124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lyndhurst, Mayfield Heights, OH
As of Oct '25, the median home price in Lyndhurst, Mayfield Heights, OH is $246,000, with a year-over-year change of 4.0%. This indicates that home prices in Lyndhurst, Mayfield Heights, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 4.0% |
| Single Family | $254,000 | 3.7% |
| Condos | $182,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $107,000 | 4.9% |
2 Bed | $183,000 | 5.8% |
3 Bed | $234,000 | 4.0% |
4 Bed | $364,000 | 4.9% |
| 5 Bed | $748,000 | 3.9% |
% of Housing Stock
Rental Trends — Lyndhurst, Mayfield Heights, OH
As of July '25, Rentcast reports the average rent in Lyndhurst, Mayfield Heights, OH is $2,160, with a year-over-year rent change of 54.3%. Per bedroom, the median rent as of July '25 in Lyndhurst, Mayfield Heights, OH is 1-bedrooms: $1,070, 2-bedrooms: $2,800, 3-bedrooms: $2,500, 4-bedrooms: $2,570. The most common rental property sizes in Lyndhurst, Mayfield Heights, OH are 2-bedroom and 1-bedroom, accounting for 40.7% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,070 |
| 2 Bed Rent | $2,400 | $2,800 |
| 3 Bed Rent | $2,000 | $2,500 |
| 4 Bed Rent | $2,600 | $2,570 |
% of Rental Stock
Property Listings — Lyndhurst, Mayfield Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyndhurst, Mayfield Heights, OH is 42. This is a increase of 4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 20.0% |
Listing Count | 159 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 42 | 4.0% |
Demographics — Lyndhurst, Mayfield Heights, OH
As of the latest ACS Survey released in 2023, Lyndhurst, Mayfield Heights, OH has a population of 40,000, which has increased by 6.1% over the past 5 years. Lyndhurst, Mayfield Heights, OH is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | 6.1% |
% Under 18 | 18.6% | -1.6% |
% Seniors | 24.1% | -2.8% |
% WFH | 17.0% | 178.7% |
% w/ College Degree | 51.2% | 4.7% |
As of the latest ACS Survey released in 2023, Lyndhurst, Mayfield Heights, OH is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Lyndhurst, Mayfield Heights, OH is black, making up 14.7% of the population. Foreign-born residents account for 13.8% of the population in Lyndhurst, Mayfield Heights, OH, and this percentage has increased by 5.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.4% | -14.0% |
% Black | 14.7% | 34.9% |
% Hispanic | 4.0% | 110.5% |
% Asian | 6.0% | 39.5% |
% Foreign Born | 13.8% | 5.3% |
Mortgage and Risk — Lyndhurst, Mayfield Heights, OH
According to HUD data as of 2023, there were 831 mortgage originations in Lyndhurst, Mayfield Heights, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lyndhurst, Mayfield Heights, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 831 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lyndhurst, Mayfield Heights, OH
As of 2024, the percent of homes in Lyndhurst, Mayfield Heights, OH under the Section 8 program is 8.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lyndhurst, Mayfield Heights, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 578 |
Total Units Section 8 | 575 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,090 | $1,150 |
| 2 Bedroom | -$1,010 | $2,400 | $1,390 |
| 3 Bedroom | -$210 | $2,000 | $1,790 |
| 4 Bedroom | -$680 | $2,600 | $1,920 |
Affordability — Lyndhurst, Mayfield Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $246,000 |
| Median Household Income | $78,900 |