Total monthly cost of ownership
Cost to Own a Home in Mayfield, New York
A $172,000 home here costs
$1,649per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $884. The real number is $764 higher every month — 86% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mayfield against Fulton County and New York
| Measure | Mayfield | Fulton County |
|---|---|---|
| Median home value | $171,600 | $156,100 |
| Median property tax | $2,948 | $3,325 |
| Effective tax rate | 1.718% | 2.130% |
| Median gross rent | $941 | $883 |
| Population | 1,009 | 52,787 |
The weather behind that power bill
Mayfield sits in Fulton County, which averages a high of 76.7°F in its hottest month and a low of 7.1°F in its coldest, with 50.73" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 164 cooling and 8,675 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Fulton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fulton County
Full Fulton County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Mayfield?
A $172,000 home in Mayfield, New York costs approximately $1,649 per month with 20% down at 6.66%. That is $884 principal and interest, $246 property tax, $38 homeowners insurance, $337 utilities and $143 set aside for maintenance.
What is the property tax rate in Mayfield?
Mayfield has an effective property tax rate of 1.718%, based on a median home value of $171,600 and median real estate taxes of $2,948. That is lower than the Fulton County average of 2.130%.
What is the average home price in Mayfield?
The median owner-occupied home value in Mayfield, New York is $171,600, against $156,100 across Fulton County.
Is it cheaper to rent or buy in Mayfield?
Median gross rent in Mayfield is $941 a month, against $1,649 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mayfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.