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Mayo

Learn about the people, housing, costs and businesses in Mayo, South Carolina

Median Home$162,600
Median Rent$788/month
Population1,621
Leading IndustriesArts, Food & Hospitality · Healthcare · Education11% arts, food & hospitality
Home Value Growth⬆⬆⬆+39.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners76% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
NotableAffordable Market$163k median home · lower cost than 68% of the country
Mayo
SC

Frequently Asked Questions

What are today's mortgage rates in Mayo?

As of today, the 30-year fixed mortgage rate for Mayo is approximately 6.921% (6.958% 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 Mayo?

The median home value in Mayo is $163k. The median monthly rent is $788. Annual property taxes average $817. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mayo?

Home values in Mayo have increased 39.3% over the past two years. This indicates a strong appreciation trend. 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 Mayo?

Based on a typical all-in ownership cost of $836/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayo is $65k/year.

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What industries drive the economy in Mayo?

The largest employment sectors in Mayo are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.