Similar to other places in this area, it is a bit more expensive compared to the rest of the nation. However it is a lot more expensive compared to the city of Cleveland.
Home prices
The cost of the median home in Mayfield is $234,000. It is approximately $3,980 (1%) lower in comparison to its nearby areas.In comparison to the United States as a whole it is approximately $16,500 (7%) higher, and in comparison to the city of Cleveland it is approximately $164,400 (236%) higher.
Rents
The median rent in Mayfield is $1,166 a month. In comparison to other places in this area this is approximately $74 (6%) higher.It is about $104 (9%) higher in comparison to the entire nation, and it is about $447 (62%) higher in comparison to the city of Cleveland.
Nearby places
Gates Mills
Gates Mills is Mayfield's neighbor to the southeast. Its housing prices are significantly more expensive. The value of the median home in Gates Mills is $505,100, which comes out to $271,100 (53%) higher than Mayfield. Rents there are a bit more expensive. Gates Mills's median monthly rent is $1,571, which is $405 (25%) higher than Mayfield.
Mayfield Heights
Mayfield Heights is Mayfield's neighbor to the south. Real estate prices there are significantly less expensive. The median home value in Mayfield Heights is $145,400, which is $88,600 (60%) lower than Mayfield. Rents there are somewhat less expensive. Mayfield Heights's median monthly rent is $927, which comes out to $239 (25%) lower than Mayfield.
Willoughby Hills
Willoughby Hills is Mayfield's neighbor to the north. Real estate prices there are a bit more expensive. The median home in Willoughby Hills costs $254,700, which works out to $20,700 (8%) higher than Mayfield. Its rents are a bit less expensive. Willoughby Hills's median monthly rent is $925, which comes out to $241 (26%) lower than Mayfield.
Richmond Heights
Richmond Heights is roughly 2 miles west of Mayfield. The housing prices there are significantly less expensive. The median home in Richmond Heights costs $141,100, which works out to $92,900 (65%) lower than Mayfield. Rent there is significantly less expensive. In Richmond Heights the median monthly rent is $782, which comes out to $384 (49%) lower than Mayfield.
Lyndhurst
Lyndhurst is approximately 3 miles southwest of Mayfield. The real estate prices there are substantially less expensive. Lyndhurst's median home price is $143,600, which works out to $90,400 (62%) lower than Mayfield. Its rents are a little more expensive. Lyndhurst's median rent is $1,257 per month, which is $91 (7%) higher than Mayfield.
