Mansfield, MA—02048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mansfield, MA
As of Oct '25, the median home price in Mansfield, MA is $695,000, with a year-over-year change of 1.5%. This indicates that home prices in Mansfield, MA are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $695,000 | 1.5% |
| Single Family | $735,000 | 1.2% |
| Condos | $364,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $246,000 | 4.2% |
2 Bed | $448,000 | 3.5% |
3 Bed | $658,000 | 1.5% |
4 Bed | $850,000 | 1.0% |
| 5 Bed | $935,000 | 1.1% |
% of Housing Stock
Rental Trends — Mansfield, MA
As of July '25, Rentcast reports the average rent in Mansfield, MA is $2,620, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Mansfield, MA is 1-bedrooms: $2,270, 2-bedrooms: $2,690, 3-bedrooms: $3,360. The most common rental property sizes in Mansfield, MA are 2-bedroom and 1-bedroom, accounting for 48.7% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,280 | $2,270 |
| 2 Bed Rent | $2,660 | $2,690 |
| 3 Bed Rent | $3,100 | $3,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mansfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mansfield, MA is 18. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $697,000 | -5.0% |
Listing Count | 28 | 29.0% |
| Listings as % of Homes | 0.0% | 29.0% |
Days on Market | 18 | 39.0% |
Demographics — Mansfield, MA
As of the latest ACS Survey released in 2023, Mansfield, MA has a population of 23,900, which has remained stable by 0.4% over the past 5 years. Mansfield, MA is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 0.4% |
% Under 18 | 21.9% | -9.1% |
% Seniors | 14.5% | 36.8% |
% WFH | 18.4% | 275.5% |
% w/ College Degree | 51.5% | -5.9% |
As of the latest ACS Survey released in 2023, Mansfield, MA is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Mansfield, MA is asian, making up 5.7% of the population. Foreign-born residents account for 8.2% of the population in Mansfield, MA, and this percentage has decreased by 6.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.1% | -2.1% |
% Black | 2.7% | -15.6% |
% Hispanic | 3.7% | -11.9% |
% Asian | 5.7% | 11.8% |
% Foreign Born | 8.2% | -6.8% |
Mortgage and Risk — Mansfield, MA
According to HUD data as of 2023, there were 373 mortgage originations in Mansfield, MA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Mansfield, MA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mansfield, MA
Mansfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 160 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $2,280 | $2,140 |
| 2 Bedroom | -$110 | $2,660 | $2,550 |
| 3 Bedroom | -$20 | $3,100 | $3,080 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Mansfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $695,000 |
| Median Household Income | $131,000 |