Mayfield, MI housing market
Home prices around Mayfield have risen about 51% over the past 5 years. No new homes were permitted in 2020.
Home values, sales, trends and how Mayfield compares with the towns next door — updated as new data is published.
Home prices up 51% in 5 years
The federal house price index for the ZIP code around Mayfield rose 51% over the past 5 years, about the same as across Michigan. Last year prices rose 6.3%. Carrying the Census median home value forward with that index puts the typical Mayfield home at roughly $311,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +6.3% | +80% | +97% |
| 2024 | +12% | +70% | +88% |
| 2023 | +2% | +51% | +76% |
| 2022 | +12% | +48% | +64% |
| 2021 | +10% | +32% | +45% |
| 2020 | +4.4% | +20% | +30% |
| 2019 | +5.3% | +15% | +26% |
| 2018 | +7.4% | +9% | +20% |
| 2017 | +6.8% | +1.5% | +12% |
| 2016 | +5.8% | −5% | +5.3% |
| 2015 | +4.6% | −10% | 0% |
| 2014 | +7.3% | −14% | −4.7% |
| 2013 | +8% | −20% | −12% |
| 2012 | +0.4% | −26% | −16% |
| 2011 | −6.7% | −26% | −16% |
| 2010 | −9.2% | −21% | −12% |
| 2009 | −10% | −13% | −5% |
| 2008 | −8.9% | −3% | +3.5% |
| 2007 | −6.2% | +6.5% | +11% |
| 2006 | −1.8% | +13% | +16% |
| 2005 | +3.7% | +16% | +18% |
| 2004 | +2.2% | +11% | +14% |
| 2003 | +2.4% | +9.1% | +10% |
| 2002 | +2% | +6.5% | +8.3% |
| 2001 | +4.5% | +4.5% | +5% |
| 2000 | — | — | — |
How Mayfield ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48446, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2020
No permits for new homes were issued in Mayfield in 2020. The last year with any was 2019 (3 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mayfield gained 33 residents while 41 new homes were permitted: about 0.8 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — |
| 2019 | 3 | 3 | 0 | $546,000 |
| 2018 | 7 | 7 | 0 | $1.2 million |
| 2017 | 10 | 10 | 0 | $1.8 million |
| 2016 | 5 | 5 | 0 | $865,000 |
| 2015 | 4 | 4 | 0 | $802,000 |
| 2014 | 4 | 4 | 0 | $695,000 |
| 2013 | 3 | 3 | 0 | $495,000 |
| 2012 | 1 | 1 | 0 | $100,000 |
| 2011 | 2 | 2 | 0 | $245,000 |
| 2010 | 2 | 2 | 0 | $226,000 |
| 2009 | 1 | 1 | 0 | $64,000 |
| 2008 | 4 | 4 | 0 | $591,000 |
| 2007 | 7 | 7 | 0 | $1.3 million |
| 2006 | 19 | 19 | 0 | $3.2 million |
| 2005 | 14 | 14 | 0 | $2.6 million |
Mayfield's permit office didn't report to the Census in 2020, so the 2020 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Mayfield and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Mayfield | +6.3%† | $1,220 | — | $68,774 |
| Lapeer | +6.3%† | $1,220 | 27 | $52,716 |
| Arcadia | +3.2%† | $1,350 | — | $79,985 |
| Oregon | +6.6%† | $1,150 | — | $83,807 |
| Deerfield | +10%† | $1,100 | — | $72,241 |
† FHFA price index change, where Zillow has no home value for the town.
2.7 years of income
The typical Mayfield home costs about 2.7 years of the town's median household income, less than across Michigan (3.7 years).
How Mayfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,220
HUD's Fair Market Rent for a two-bedroom in Mayfield is $1,220 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mayfield pay a median of $964, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $870 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48446; Detroit-Warren-Livonia, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.