Mayville, MI—48744
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mayville, MI
Mayville, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | 7.2% |
| Single Family | $185,000 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $216,000 | 6.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mayville, MI
As of July '25, Rentcast reports the average rent in Mayville, MI is $700, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Mayville, MI is studios: $700. The most common rental property sizes in Mayville, MI are 1-bedroom and 2-bedroom, accounting for 31.1% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $700 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mayville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mayville, MI is 42. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -21.0% |
Listing Count | 21 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 42 | -24.0% |
Demographics — Mayville, MI
As of the latest ACS Survey released in 2023, Mayville, MI has a population of 4,390, which has increased by 4.9% over the past 5 years. Mayville, MI is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,390 | 4.9% |
% Under 18 | 17.3% | -3.4% |
% Seniors | 25.8% | 24.0% |
% WFH | 3.9% | -20.4% |
% w/ College Degree | 17.7% | 39.4% |
As of the latest ACS Survey released in 2023, Mayville, MI is a predominantly white area, with 95.4% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Mayville, MI is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.1% of the population in Mayville, MI, and this percentage has increased by 57.1% 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 | 95.4% | 0.2% |
% Black | 0.7% | 40.0% |
% Hispanic | 1.7% | -55.3% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 1.1% | 57.1% |
Mortgage and Risk — Mayville, MI
According to HUD data as of 2023, there were 123 mortgage originations in Mayville, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Mayville, MI. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mayville, MI
Mayville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Mayville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $185,000 |
| Median Household Income | $58,400 |