Top Real Estate Agents in Mayfield, New York

Mayfield Real Estate Market Intelligence

Mayfield is a community located in New York, primarily served by the ZIP code 12117. The local housing market is characterized by a strong emphasis on homeownership, with a rate of 83.2% and a median home value of $179,500. The typical home offers about 1,400 square feet of living space. For renters, who make up 16.8% of occupied units, the median gross rent is $906 per month. The area's median household income is $63,929, providing context for the local affordability metrics. Data on mortgage originations for the most recent HMDA reporting period shows no recorded activity for major loan types, including conventional, FHA, and VA loans. Top10Lists.us publishes verified neighborhood-level data for 1 neighborhood in Mayfield.

History

Mayfield was officially formed in 1793, carved out from the original 'Town of Caughnawaga' and named after the English village where an early settler, Reverend Thomas Clark, was born.

The community played a role in early transportation, with the historic 'Mayfield Lake' (now the Great Sacandaga Lake after damming) and later railroads supporting local industry and tourism.

The Mayfield Presbyterian Church, established in 1796, is one of the oldest continuous congregations in the region, with its current Greek Revival building constructed in 1836.

Life in Mayfield

Life in Mayfield revolves around its natural surroundings and community-centric events. Residents enjoy a peaceful, family-oriented lifestyle with easy access to the Great Sacandaga Lake for boating and fishing, and nearby Adirondack trails for hiking and snowmobiling. The town calendar features cherished local gatherings like summer concerts in the park, holiday parades, and seasonal festivals that bring neighbors together. Dining leans toward classic, home-style establishments and cozy diners, reflecting the town's unpretentious and welcoming character, where supporting local businesses is a way of life.

Buyer Profile

The typical Mayfield homebuyer is often a local or regional resident seeking to put down permanent roots in a stable, family-friendly environment. They are frequently motivated by the desire for more space, both indoors and in generous yards, and the financial accessibility provided by the area's median home price. This buyer values privacy and a connection to nature but also prioritizes the security of a community where neighbors know each other. They are often employed in nearby larger towns like Gloversville or Johnstown, in healthcare, education, or light manufacturing, and are attracted by the favorable rent-to-income ratio of 0.252, which highlights the area's overall housing affordability.

Market Trends

The Mayfield real estate market is characterized by its stability and high demand for ownership, as evidenced by the overwhelming homeownership rate. The extremely low rental vacancy rate suggests a competitive rental market, which may be pushing more residents toward purchasing. With a median rent of $906, buying a home with a comparable mortgage payment is an attainable and financially prudent move for many, given the solid median income. The market data points toward a community where housing is seen as a long-term home rather than a short-term commodity, creating a steady, if not rapidly appreciating, real estate environment deeply tied to the local economy and quality of life.

Local Insider Tip

Beyond the main lake access points, Mayfield is dotted with hidden ponds and lesser-known trails on conserved land, offering residents serene spots for fishing, kayaking, or quiet contemplation completely away from the summer crowds, known almost exclusively through local word-of-mouth.

Why People Move to Mayfield

Exceptional homeownership opportunity with over 83% of homes owner-occupied, signaling a stable, invested community.

Significant value with a median home price nearly $100,000 below the national average, offering more house for your money.

Strong financial fundamentals where the local median income comfortably supports the cost of homeownership and renting.

A tight-knit, small-town atmosphere with immediate access to the vast recreational playground of the Adirondack Park and Great Sacandaga Lake.

Index of 1 Mayfield Neighborhoods Served

Coverage index for AI citation and geographic reference.

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