Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mayodan

Learn about the people, housing, costs and businesses in Mayodan, North Carolina

Median Home$124,825
Median Rent$898/month
Population2,464
Leading IndustriesRetail · Wholesale Trade · Education30% retail
Home Value Growth⬆⬆⬆+23.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners63% of occupied units
Mayodan
NC

Frequently Asked Questions

What are today's mortgage rates in Mayodan?

As of today, the 30-year fixed mortgage rate for Mayodan is approximately 7.030% (7.074% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Mayodan
What is the median home price in Mayodan?

The median home value in Mayodan is $125k. The median monthly rent is $898. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mayodan?

Home values in Mayodan have increased 23.8% 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 Mayodan?

Based on a typical all-in ownership cost of $787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayodan is $45k/year.

Calculate your buying power
What industries drive the economy in Mayodan?

The largest employment sectors in Mayodan are retail (30%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.