Mayfield, SD is an attractive place to buy a home, with its median housing value at $241,000. This is considerably lower than the US House Median Value of $338,100 and makes it a more financially accessible option for prospective homeowners. Moreover, Mayfield's house appreciation rate over the last year was 12.74%, which is higher than the US rate of 8.27%. This indicates that property values in Mayfield are increasing at a faster rate than average, making it an even more attractive option for those looking to invest in real estate.
The median home cost in Mayfield is $241,000. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Mayfield is up 18.1%.
Average Age of Homes
- The median age of Mayfield real estate is 75 years old
The Rental Market in Mayfield
- Renters make up 3.4% of the Mayfield population
- 4.7% of houses and apartments in Mayfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.