Why Live in Mayfair
Mayfair, a neighborhood in Chicago, offers a suburban feel within an urban setting, characterized by its single-family homes and historic architecture. The area features a mix of Chicago brick bungalows, custom-built craftsmen, Dutch-colonial bungalows, raised ranches, and two-flats, with most homes built in the early 20th century. Interiors typically include two to four bedrooms, and many have finished basements. Street parking is common, and front lawn spaces are limited. Mayfair is well-connected with public transportation options, including buses along Montrose, Lawrence, and Pulaski, as well as the Mayfair Metra stop and the Montrose Blue Line station, providing easy access to downtown Chicago and O’Hare Airport. Local dining options include the Korean restaurant Ssyal and Old Irving Brewery, known for its ales and casual atmosphere. Sidekicks, a karaoke bar, offers late-night entertainment. Grocery stores like Jewel-Osco and ALDI are conveniently located along Pulaski Road and Foster Avenue. Mayfair Park, the neighborhood's namesake, features a playground, spray pool, basketball court, and baseball fields, along with an indoor fieldhouse. Nearby Labagh Woods and Gompers Park offer additional outdoor activities such as hiking, biking, and cross-country skiing. Palmer Elementary and Belding Elementary are the primary schools, both highly rated, while Schurz High School is noted for its competitive athletic program and historic architecture. The Irish American Heritage Center provides cultural enrichment with musical acts, a book club, and the Fifth Province Pub.
Frequently Asked Questions
Is Mayfair a good place to live?
Mayfair is a good place to live. Mayfair is considered somewhat walkable and very bikeable with great transit options. Mayfair is an urban core neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Mayfair has 6 parks for recreational activities. It is very dense in population with 20.0 people per acre and a median age of 41. The average household income is $103,339 which is above the national average. College graduates make up 36.1% of residents. A majority of residents in Mayfair are renters, with 50.8% of residents renting and 49.2% of residents owning their home. A
local real estate agent serving Mayfair can help you decide if this neighborhood is the right one for you. Learn more on our
Mayfair neighborhood guide.
Is Mayfair, IL a safe neighborhood?
Mayfair, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Mayfair?
The median home price in Mayfair is $455,000. If you put a 20% down payment of $91,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,360 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $101K a year to afford the median home price in Mayfair. The average household income in Mayfair is $103K.
What are the best public schools in Mayfair?
The best public schools that serve Mayfair are:
What are the best private schools in Mayfair?
The best private schools that serve Mayfair are:
What are the most popular zip codes in Mayfair, Chicago, IL?
What are the most popular neighborhoods near Mayfair, Chicago, IL?
Are home prices dropping in Mayfair?
Yes, home prices in Mayfair are down 62% in the last 12 months.
Home Trends in Mayfair, IL
On average, homes in Mayfair, Chicago sell after 87 days on the market compared to the national average of 70 days. The median sale price for homes in Mayfair, Chicago over the last 12 months is $445,000, down 43% from the median home sale price over the previous 12 months.
Median Sale Price
$445,000
Median Single Family Sale Price
$445,000
Median Townhouse Sale Price
$472,500
Average Price Per Sq Ft
$285
Number of Homes for Sale
2
Last 12 months Home Sales
35
Median List Price
$455,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-43%