Mayfield, KY Foreclosed Homes & Properties

Foreclosure Homes for Sale in Mayfield, KY: What You Need to Know

As the county seat of Graves County, Mayfield, Kentucky holds a great deal of sway in its region as well as the state at large. With all the small-town Southern charm you could desire, Mayfield is a great place to raise a family while also achieving your professional goals. 

Local History

During the Jackson Purchase of 1818 in which Andrew Jackson and Isaac Shelby acquired eight counties from the Chickasaw people, Mayfield sat in the very middle of the new U.S. land. The city remained relatively isolated until the Memphis, New Orleans, and Northern Railroad was completed in 1858, allowing Mayfield to become a significant hub in the area for manufacturing. Some of Mayfield’s most plentiful products were loose-leaf tobacco and clothing, mostly thanks to Mayfield Woolen Mills, founded in 1860. 

Mayfield Demographics

Mayfield is home to around 10,349 residents, cementing it as one of the smaller towns in Kentucky. The city’s population density is around 1,550 people per square mile and newcomers can find a place to call home in one of Mayfield’s 4,907 housing units. The majority of the city’s households are married couples, and around 30% of households have children below the age of 18. 

Cost of Living 

Mayfield residents enjoy an extremely low cost of living at less than half the national average; in fact, a family in Mayfield can expect to pay around $100,300 for a home in comparison to the Kentucky average of $146,400 or the U.S. average of $231,200. Mayfield locals can also expect low transportation, utilities, and grocery costs, but healthcare tends to be an expensive metric for residents. 

Weather and Climate

Mayfield is a rainier city than most at 52 inches per year on average, but locals see relatively mild winters at only around 6 inches of snow each winter. Mayfield is known to be more pleasant weather-wise than most places in Kentucky, but the best months by far are September, October, and May. 

Things to Do in Mayfield

Locals love to spend the day at Kess Creek Park, a beautiful nature spot that features a bustling playground, a fish pond, and several walking trails for a leisurely stroll. If you’re a foodie, make sure to plan a stop at Red’s Donut Shop. This family-owned favorite makes all its delicious donuts from scratch, so you can be sure you’re getting an authentic experience.