Market Overview
Home Prices in Mayfield Village, OH
The median home value in Mayfield Village, OH is $398,576 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mayfield Village are priced3% below average. Mayfield Village is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Mayfield Village home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Mayfield Village Home Price Trend
City Comparison
Mayfield Village vs. National Median
At $398,576, homes in Mayfield Village cost 3% below the national median of $410,000. This makes Mayfield Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mayfield Village?
20% Down Payment
$79,715
on $398,576
Monthly P&I
$2,079/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,640/mo
incl. taxes & insurance
Income Needed
$105,600
gross annual (30% rule)
10% Down Option
$39,858
+ PMI applies
Loan Amount (20% dn)
$318,861
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 Village, OH?
The median home value in Mayfield Village is $398,576 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Mayfield Village?
Over the past year, home values in Mayfield Village have increased by 2.9%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Mayfield Village?
To comfortably afford the median home price of $398,576 with a 20% down payment ($79,715) at today's rates (6.8%), you'd need a gross annual income of approximately $105,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Mayfield Village compare to the national average home price?
The national median home value is approximately $410,000. At $398,576, homes in Mayfield Village are 3% below the national average.
What metro area is Mayfield Village part of?
Mayfield Village is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.