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Mayo

Learn about the people, housing, costs and businesses in Mayo, Florida

Median Home$123,421
Median Rent$816/month
Population980
Leading IndustriesTransportation · Wholesale Trade · Construction6% transportation
Retirees26% of residentsabove average nationally
Homeowners75% of occupied units
NotableAffordable Market$123k median home · lower cost than 83% of the country
Mayo
FL

Frequently Asked Questions

What are today's mortgage rates in Mayo?

As of today, the 30-year fixed mortgage rate for Mayo is approximately 6.969% (7.008% 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 $123k. The median monthly rent is $816. Annual property taxes average $887. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $663/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayo is $56k/year.

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What industries drive the economy in Mayo?

The largest employment sectors in Mayo are public administration (24%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.