Market Overview
Home Prices in Mayfield, KY
The median home value in Mayfield, KY is $162,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and up 9.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mayfield are priced60% below average. Mayfield is part of the Mayfield, KY metro area.
Over the past five years, Mayfield home values have risen by approximately38.7%, reflecting strong long-term appreciation in this market.
Price History
Mayfield Home Price Trend
City Comparison
Mayfield vs. National Median
At $162,674, homes in Mayfield cost 60% below the national median of $410,000. This makes Mayfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mayfield?
20% Down Payment
$32,535
on $162,674
Monthly P&I
$848/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,077/mo
incl. taxes & insurance
Income Needed
$43,080
gross annual (30% rule)
10% Down Option
$16,267
+ PMI applies
Loan Amount (20% dn)
$130,139
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mayfield, KY?
The median home value in Mayfield is $162,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Mayfield?
Over the past year, home values in Mayfield have decreased by 1.8%. Over five years, prices have risen approximately 38.7%.
How much do I need to earn to buy a home in Mayfield?
To comfortably afford the median home price of $162,674 with a 20% down payment ($32,535) at today's rates (6.8%), you'd need a gross annual income of approximately $43,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Mayfield compare to the national average home price?
The national median home value is approximately $410,000. At $162,674, homes in Mayfield are 60% below the national average.
What metro area is Mayfield part of?
Mayfield is part of the Mayfield, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.