Mayfield, KY home prices
Typical home $175,744 · +0.4% in a year · income needed $48,400
The Mayfield, KY metro area ranks 732 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.4% in a year and +38.8% over five years. With 20% down at 7.11%, the typical home costs about $1,130 a month including 0.66% property tax (Graves County rate).
Mortgage on the typical Mayfield home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,149 | $140,595 | $946 | $0 | $184 | $1,130 | $48,400 |
| 10% down | $17,574 | $158,169 | $1,064 | $66 | $184 | $1,314 | $56,300 |
| 5% down | $8,787 | $166,957 | $1,123 | $70 | $184 | $1,377 | $59,000 |
| 3.5% down (FHA) | $6,151 | $172,561 | $1,161 | $78 | $184 | $1,423 | $61,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.66% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Mayfield area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Graves County, KY | $175,799 | +0.4% | 0.66% |
What can you afford in Kentucky on your salary? · Kentucky home prices · Salaries in Kentucky
Frequently asked questions
How much is a house in Mayfield?
The typical home in the Mayfield, KY metro area is worth $175,744 (Zillow, September 2026).
What salary do you need to buy a house in Mayfield?
About $48,400 a year for the typical home with 20% down at 7.11%.