Mayfield, KY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Mayfield short-term rental market based on reliable data.

Listings

22 / 40

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$17,294

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$162,717

Median Home Sale Price

Top Earners

$32,636

Top-Earners Revenue

Mayfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mayfield.

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C

Challenging to Investors

Mayfield Regulations

Allowed but tightly capped at 90 days/year in R‑1/R‑2 (other zones limited to B&Bs), requires permits and inspections—high barriers for investors.

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About Mayfield

Mayfield is a small, traditionally rooted city in western Kentucky, serving as the county seat of Graves County. With a population of approximately 10,000 residents, it sits in the Jackson Purchase, the broad westernmost section of the state bordered by the Mississippi and Ohio rivers. The city carries a quiet, small-town character, anchored by a historic courthouse square, locally owned businesses, and a strong sense of community that was tested and reaffirmed after a devastating tornado in December 2021 spurred a wide-reaching recovery effort. Mayfield functions as a convenient base for visitors exploring the lakes, forests, and cultural towns of the broader Purchase region, and it lies roughly 25 to 30 miles south of Paducah, the nearest major city.

Just a short drive to the north, Paducah offers a striking contrast in scale and activity. Recognized as a UNESCO Creative City of Crafts and Folk Art, the river town is best known for the National Quilt Museum, a destination that draws textile enthusiasts from across the country. The Lower Town arts district features murals, galleries, and studios housed in restored 19th-century buildings, while the working riverfront remains a defining feature of the skyline. About a 30- to 40-minute drive from Mayfield, Paducah makes for an easy day trip and adds considerable cultural depth to a stay in the area.

To the east, Land Between the Lakes National Recreation Area spans more than 170,000 acres of protected forest, wetlands, and shoreline between Kentucky Lake and Lake Barkley. The recreation area offers hiking, biking, horseback riding, wildlife viewing, and a working bison and elk prairie that appeals to families throughout the year. Roughly an hour's drive from Mayfield, it represents one of the largest outdoor playgrounds in the region and pairs naturally with stays in the Purchase, especially for guests interested in fishing, hunting, or paddling the surrounding reservoirs.

Closer to home, Mayfield's historic downtown square remains the focal point of community life, with locally owned shops, restaurants, and the Graves County Courthouse at its center. The square hosts seasonal festivals and farmers markets that bring residents and visitors together, offering a genuine taste of small-town Western Kentucky hospitality just a short walk from most anywhere in town.

Mayfield's appeal as a short-term rental market lies in its combination of small-town affordability, central location within the Jackson Purchase, and proximity to a diverse set of regional draws. Guests who choose to stay here can spend mornings browsing the downtown square, afternoons hiking the trails or paddling the lakes at Land Between the Lakes, and evenings enjoying the food and arts scene in nearby Paducah, all while settling into the slower pace of a close-knit Kentucky community.

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