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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$167,894
for Michigan
for nation
474
$1,380 / per month