In Mayfield, a typical home is worth $112,500 and typical rent is $644 a month. Compared with all of Graves County, the typical home value is 24% lower, typical household income is 19% lower, and the share of households that own their home is 14 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $120,950 to $168,445.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Mayfield is in Graves County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Graves County. See the county
What this place has that others do not, from public data, most unusual first.
1
Mayfield has the 3rd lowest typical rent of the 85 cities in Kentucky with more than 5,000 people ($644).
2
Mayfield has the 3rd lowest typical home value of the 83 cities in Kentucky with more than 5,000 people ($112,500).
3
62% of households in Mayfield own their home, against 76% in Graves County.
4
The typical household income in Mayfield is $40,965,19% less than in Graves County as a whole ($50,772).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Mayfield
What homes there are in Mayfield, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Mayfield
Graves County
Kentucky
United States
Kind of home: Mayfield and its comparisons
Measure
Mayfield
Graves County
Kentucky
United States
Detached house
81%
81%
68%
61%
Attached house
Unreliable estimate
Unreliable estimate
3%
6%
Building of 2 to 4
10%
5%
7%
8%
Apartments (5 or more)
Unreliable estimate
2%
12%
19%
Mobile home
Unreliable estimate
11%
11%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Graves County, most homes in Mayfield are detached houses (81%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Mayfield
Graves County
Kentucky
United States
Year built: Mayfield and its comparisons
Measure
Mayfield
Graves County
Kentucky
United States
Before 1960
38%
23%
22%
26%
1960–1979
42%
33%
26%
24%
1980–1999
14%
23%
28%
25%
2000–2009
Unreliable estimate
11%
15%
14%
2010 or later
Unreliable estimate
9%
11%
11%
The typical home in Mayfield was built in 1966, 11 years before the typical one in Graves County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K43%
$100K–$200K37%
$200K–$300K15%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Mayfield and its comparisons
Measure
Mayfield
Under $100K
43%
$100K–$200K
37%
$200K–$300K
15%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50032%
$500–$99947%
HUD fair market rent, 2 bedrooms: $909
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Mayfield and its comparisons
Measure
Mayfield
Under $500
32%
$500–$999
47%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
About 71% of rented homes in Mayfield cost less than HUD's 2-bedroom fair market rent for Graves County ($909).
With a mortgage
$1,076 a month
Graves County: $1,227 a month
Without a mortgage
$399 a month
Graves County: $401 a month
Owners with a mortgage
61%
Graves County: 52%
Owning costs less in Mayfield: with a mortgage, the typical cost is $1,076 a month; in Graves County, $1,227. Without one, $399.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
MayfieldNo clear change
Graves County+42%
Kentucky+46%
United States+53%
Typical rent
MayfieldNo clear change
Graves County+21%
Kentucky+27%
United States+33%
Typical household income
Mayfield+27%
Graves County+15%
Kentucky+26%
United States+29%
Change since 2015–2019: Mayfield and its comparisons
Measure
Mayfield
Graves County
Kentucky
United States
Typical home value
No clear change
+42%
+46%
+53%
Typical rent
No clear change
+21%
+27%
+33%
Typical household income
+27%
+15%
+26%
+29%
The typical home value in Mayfield stayed about the same since 2015–2019: the Census sees no clear change.
Rent in Mayfield moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Mayfield and its comparisons
Measure
Mayfield
Graves County
Kentucky
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
2.2%
2.0%
3.4%
People per household
2.17
2.55
2.43
2.53
Drive alone
71%
81%
77%
69%
Carpool
13%
8%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
11%
7%
10%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.17 on average, against 2.55 in Graves County.
Carpooling is common in Mayfield: 13% of workers get to work that way, against 8% in Graves County.
Do the math
What would you pay each month for a home in Mayfield?
A typical home is within reach of the typical income
We start with a typical home in Mayfield, worth $112,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Mayfield, which is $40,965 a year.
The calculator's FHA and conventional loan limits are those of all of Graves County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Mayfield. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,938 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$929
at 7.18% · 30 years
Loan amount
$110,462
Total interest
$158,929
Paid off in
November 2056
Includes $1,900 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $956 a month
Your payment · 27%
Tight
$956 to $1,229 a month
Hard
more than $1,229 a month
Compared with the typical household income in Mayfield ($40,965 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$748
Property tax
$84
Home insurance
$47
FHA mortgage insurance (MIP)
$50
You need at least $3,938 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $929; principal and interest $748.
The city and its county
Mayfield and Graves County
Mayfield is in Graves County, Kentucky. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Mayfield
Map of Graves County, Kentucky, with Mayfield marked. Around it, the neighboring counties.
Mayfield
Graves County
Other cities with a page
Mayfield's own numbers
Typical home value
$112,500
Typical monthly rent
$644
Typical yearly household income
$40,965
Households that own their home
62%
Effective property tax rate
0.9%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Graves County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$909
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
2.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Graves County.
A typical home in Mayfield is worth $112,500: 24% below the county and 45% below Kentucky. With the typical household income in Mayfield ($40,965 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Mayfield2.7 years
Graves2.9 years
Kentucky3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Graves County
According to FHFA’s house price index, home prices in Graves County rose 71% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Graves County.
Yearly change in FHFA’s price index in Graves County, 2016 to 2025
2016: +1.1% +1.1% 2016
2017: +3.4% +3.4% 2017
2018: +0.2% +0.2% 2018
2019: +6.0% +6.0% 2019
2020: +4.2% +4.2% 2020
2021: +4.9% +4.9% 2021
2022: +18.6% +18.6% 2022
2023: +7.4% +7.4% 2023
2024: +2.9% +2.9% 2024
2025: +7.3% +7.3% 2025
Change in FHFA’s price index in Graves County, Kentucky and the United States
Period
County
Kentucky
U.S.
Last year (2025)
+7.3%
+3.9%
+2.9%
5 years (2020–2025)
+48%
+50%
+47%
10 years (2015–2025)
+71%
+84%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Mayfield next to Graves County, Kentucky and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Mayfield$112,500
Graves$147,800
Kentucky$205,600
United States$332,700
Typical monthly rent
Mayfield$644
Graves$775
Kentucky$967
United States$1,413
Typical yearly household income
Mayfield$40,965
Graves$50,772
Kentucky$63,726
United States$80,734
See the full table
Mayfield next to Graves County and Kentucky
Measure
Mayfield
Graves County
Kentucky
U.S.
Typical home value
$112,500 ▼24% below the county
$147,800
$205,600
$332,700
Typical monthly rent
$644 ▼17% below the county
$775
$967
$1,413
Typical yearly household income
$40,965 ▼19% below the county
$50,772
$63,726
$80,734
Households that own their home
62% ▼14 points below the county
76%
68%
65%
Typical yearly property tax
$1,008 ▲4% above the county
$970
$1,544
$3,119
Effective property tax rate
0.9% ▲0.24 points above the county
0.66%
0.75%
0.94%
Renters with high rent for their income
54% ▲8 points above the county
46%
45%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Graves County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Mayfield
For a typical $112,500 home in Mayfield, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mayfield's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$929a month
Least cash to close
Down payment
$3,938
Cash to close
$7,313
Rate
7.18%
Mortgage insurance
FHA MIP · $50
Conventional, 5% down$909a month
Down payment
$5,625
Cash to close
$9,000
Rate
7.18%
Mortgage insurance
PMI · $53
Conventional, 20% down, no PMI$741a month
Down payment
$22,500
Cash to close
$25,875
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$845a month
Down payment
$16,875
Cash to close
$20,250
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Mayfield
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$929
$3,938
$110,462
7.18%
FHA MIP · $50
$7,313
580
Conventional, 5% down
$909
$5,625
$106,875
7.18%
PMI · $53
$9,000
620*
Conventional, 20% down, no PMI
$741
$22,500
$90,000
7.18%
None
$25,875
620*
ITIN, 15% down (example)
$845
$16,875
$95,625
8.18%
None
$20,250
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Mayfield is $644 a month: 17% below the county. In Mayfield, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Graves County, by unit size. To pay the 2-bedroom one ($909 a month) without spending more than 30% of your income, you would need to earn $17.48 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Graves County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$650
$12.50
$26,000
1 bedroom
$695
$13.37
$27,800
2 bedrooms
$909
$17.48
$36,360
3 bedrooms
$1,219
$23.44
$48,760
4 bedrooms
$1,270
$24.42
$50,800
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Mayfield
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mayfield is in ZIP code 42066.
For 2 bedrooms it is $990: $81 more than the fair market rent for Graves County ($909).
Fair market rent by ZIP code and size in Mayfield, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
42066
$710
$760
$990
$1,220
$1,310
ZIP code2 bd3 bd
42066 $990$1,220
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mayfield when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 10 buildings with rents for lower incomes in Mayfield. These are the largest.
Northeast CT1309 Adams Cir, Mayfield 42066217 homes, 216 low-income · Run by Housing Authority of Mayfield · Average payment: $312 a month · Average wait: 10 months(270) 247-6391
Mayfield Plaza Apartments439 Chestnut Cv, Mayfield 4206692 homes, 91 low-income · For families(270) 247-7723
Davis Apartments2049 Marion Cir, Mayfield 4206688 low-income homes · For older adults(270) 247-3054
Eloise Fuller ApartmentsWest South ST., Mayfield 4206646 low-income homes · 1 bd: 46 · In service since 2002 · For older adults
Mayfield Manor II ApartmentsIndiana ST., Mayfield 4206624 homes, 23 low-income · 1 bd: 23 · In service since 2000 · For older adults
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Graves County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Mayfield or Graves County. The ones below are statewide in Kentucky: they work in Mayfield the same as in the rest of the state.
Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage.Offered by Kentucky Housing Corporation (KHC).
No legal help resource on our list is for Mayfield or Graves County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Mayfield and all of Graves County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Mayfield?
The typical home value in Mayfield is $112,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Graves County it is $147,800.
How much does it cost to rent in Mayfield?
Typical rent in Mayfield is $644 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Graves County is $909.
What is the FHA loan limit in Mayfield?
Mayfield uses the FHA limit for all of Graves County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Mayfield?
The typical homeowner in Mayfield pays $1,008 a year, according to the U.S. Census Bureau. That is 0.9% of the home’s value; in Graves County, the rate is 0.66%.
Where can I find free help to buy or rent in Mayfield?
We found no HUD-approved counseling agencies with an office in Graves County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
