Mayo's January First-Time Homebuyer Report

Mayo is a larger than average city in Maryland with 8,298 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 22.3%. Keep in mind, the vast majority of people in Mayo own their homes, with an 80.3% ownership ratio. Leading the list of top schools in the city are Mayo Elementary School and Central Middle School.

Price Range

Homes in Mayo are generally more expensive than others in the state with a median home value of $333,100 and an average list price of $471,739.

Curious as to which homes have been getting the most attention in Mayo? These listings have stirred up interest and produced the most views:

$425K   $434K   $479K  

Typical Dwelling

A three-bedroom detached home valued around $460,505 is considered a typical dwelling in Mayo. If a buyer was looking for a similar home, they would need good credit and a $92,101 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,680 and the property tax rate is $10.70 per $1,000 of taxable assessed value.

Get started right now by checking out Mayo homes for sale or reviewing Mayo real estate trends.


Data reported through 1/12/2017

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Berkshire Hathaway HomeServices Homesale Realty
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Keller Williams Select Realtors
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