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Mayer

Learn about the people, housing, costs and businesses in Mayer, Arizona

Median Home$230,000
Median Rent$1,275/month
Population1,636
Leading IndustriesProfessional Services · Construction · Retail8% professional services
Home Value Growth+4.7% over 2 years
Young Adults24% of residents
Homeowners90% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Mayer
AZ

Frequently Asked Questions

What are today's mortgage rates in Mayer?

As of today, the 30-year fixed mortgage rate for Mayer is approximately 6.933% (6.970% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mayer?

The median home value in Mayer is $230k. The median monthly rent is $1,275. Annual property taxes average $742. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mayer?

Home values in Mayer have increased 4.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mayer?

Based on a typical all-in ownership cost of $940/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayer is $57k/year.

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What industries drive the economy in Mayer?

The largest employment sectors in Mayer are retail (19%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.