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Mayville

Learn about the people, housing, costs and businesses in Mayville, Michigan

Median Home$140,639
Median Rent$986/month
Population922
Leading IndustriesManufacturing · Retail · Information & Media1% manufacturing
Home Value Growth⬆⬆+12.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners95% of occupied units
Mayville
MI

Frequently Asked Questions

What are today's mortgage rates in Mayville?

As of today, the 30-year fixed mortgage rate for Mayville is approximately 7.020% (7.064% 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 Mayville?

The median home value in Mayville is $141k. The median monthly rent is $986. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mayville?

Home values in Mayville have increased 12.4% 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 Mayville?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayville is $63k/year.

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What industries drive the economy in Mayville?

The largest employment sectors in Mayville are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.