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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mayville, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mayville, MI Housing Market Trends

With a population of 911, 474 total housing units (homes and apartments), and a median house value of $167,894, house prices in Mayville are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Mayville, accounting for 82.70% of the village's housing units. Other types of housing that are prevalent in Mayville include duplexes, homes converted to apartments or other small apartment buildings ( 8.75%), row houses and other attached homes ( 4.56%), and a few large apartment complexes or high rise apartments ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mayville. Owner-occupied housing accounts for 79.03% of Mayville's homes, and 69.58% have either three or four bedrooms, which is average sized relative to America.

The housing in Mayville was primarily built before 1939 ( 42.97%), making the housing stock in Mayville some of the oldest overall in America, although there is a range of ages of homes in Mayville. The next most important housing age is between 1940-1969 ( 28.52%), followed by between 1970-1999 ( 23.19%). There's also some housing in Mayville built between 2000 and later ( 5.32%).

Mayville Home Appreciation Rates

Appreciation rates for homes in Mayville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.61%, which ranks in the top 30% nationwide. This equates to an annual average Mayville house appreciation rate of 7.94%.

NeighborhoodScout's data show that during the latest twelve months, Mayville's appreciation rate, at 7.51%, has been at or slightly above the national average. In the latest quarter, Mayville's appreciation rate has been 0.88%, which annualizes to a rate of 3.56%.

Relative to Michigan, our data show that Mayville's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$167,894

Mayville, MI Home Prices
> $1,465,000
$1,099,001 - $1,465,000
$732,001 - $1,099,000
$586,001 - $732,000
$440,001 - $586,000
$293,001 - $440,000
$146,001 - $293,000
$73,001 - $146,000
$0 - $73,000
0.2%
0.2%
0.0%
0.0%
0.2%
0.2%
0.3%
0.3%
7.0%
7.0%
13.5%
13.5%
36.1%
36.1%
21.0%
21.0%
21.6%
21.6%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

474

Mayville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,380 / per month

Homeownership Rate

Owners
Renters
79.0%
79.0%
21.0%
21.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.3%
5.3%
23.2%
23.2%
28.5%
28.5%
43.0%
43.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.7%
82.7%
4.6%
4.6%
8.7%
8.7%
4.0%
4.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.9%
2.9%
5.1%
5.1%
18.1%
18.1%
50.6%
50.6%
19.0%
19.0%
4.4%
4.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Mayville

Zip Codes in Mayville, MI