Mansfield, CT 06250 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mansfield, CT—06250

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$373,000

9.4% YoY Growth

Household Income

$103,000

19.3% YoY Growth

Days on Market

87.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,300

24.3% YoY Growth

1-Bed Rent

$1,200

N/A

2-Bed Rent

$1,500

N/A

3-Bed Rent

$2,500

N/A

Other Zip Codes in Mansfield, CT

06268

Home Price Trends — Mansfield, CT

As of May '26, the median home price in Mansfield, CT is $373,000, with a year-over-year change of 9.4%. This indicates that home prices in Mansfield, CT are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$373,000	9.4%
Single Family	$391,000	11.4%
Condos	$325,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mansfield, CT

As of July '25, Rentcast reports the average rent in Mansfield, CT is $2,120, with a year-over-year rent change of -24.3%. Per bedroom, the median rent as of July '25 in Mansfield, CT is 1-bedrooms: $1,200, 2-bedrooms: $1,490, 3-bedrooms: $2,480, 4-bedrooms: $2,800. The most common rental property sizes in Mansfield, CT are 3-bedroom and 2-bedroom, accounting for 58.6% and 28.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,120
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,200
2 Bed Rent	$1,500	$1,490
3 Bed Rent	$2,500	$2,480
4 Bed Rent	$2,800	$2,800

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% of Rental Stock

1 Bedroom

12.7%

2 Bedrooms

28.7%

3 Bedrooms

58.6%

Property Listings — Mansfield, CT

As of May '26, Realtor.com reports that the median days on market for a home in Mansfield, CT is 49. This is a increase of 87.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	3.0%
Listing Count	20	-5.0%
Listings as % of Homes	0.9%	-5.0%
Days on Market	49	87.0%

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Demographics — Mansfield, CT

As of the latest ACS Survey released in 2023, Mansfield, CT has a population of 4,780, which has remained stable by 0.8% over the past 5 years. Mansfield, CT is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 54.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,780	0.8%
% Under 18	21.0%	1.0%
% Seniors	22.7%	43.7%
% WFH	21.1%	441.0%
% w/ College Degree	54.4%	2.1%

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As of the latest ACS Survey released in 2023, Mansfield, CT is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Mansfield, CT is asian, making up 12.4% of the population. Foreign-born residents account for 14.8% of the population in Mansfield, CT, and this percentage has increased by 62.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	76.8%	-8.1%
% Black	0.3%	-82.4%
% Hispanic	7.6%	46.2%
% Asian	12.4%	55.0%
% Foreign Born	14.8%	62.6%

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Mortgage and Risk — Mansfield, CT

According to HUD data as of 2023, there were 90 mortgage originations in Mansfield, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Mansfield, CT. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	90
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Mansfield, CT

As of 2024, the percent of homes in Mansfield, CT under the Section 8 program is 16.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mansfield, CT, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	69
Total Units Section 8	69
% Rentals under Section 8	16.9%
% Occupied Section 8	78.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$420	$1,200	$1,620
2 Bedroom	$550	$1,500	$2,050
3 Bedroom	-$30	$2,500	$2,470
4 Bedroom	$130	$2,800	$2,930

Mansfield, CT—06250

Key Metrics at a Glance

Other Zip Codes in Mansfield, CT

Home Price Trends — Mansfield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mansfield, CT

% of Rental Stock

Property Listings — Mansfield, CT

Demographics — Mansfield, CT

Race and Ethnicity

Mortgage and Risk — Mansfield, CT

Mortgages

Rentals and Section 8 — Mansfield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Mansfield, CT

Home Price to Income Ratio

Mansfield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Windham, CT

Mansfield, CT

Storrs

Willimantic, CT

Chaplin, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$373,000
Median Household Income	$103,000

Mansfield, CT—06250

Key Metrics at a Glance

Other Zip Codes in Mansfield, CT

Home Price Trends — Mansfield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mansfield, CT

% of Rental Stock

Property Listings — Mansfield, CT

Demographics — Mansfield, CT

Race and Ethnicity

Mortgage and Risk — Mansfield, CT

Mortgages

Rentals and Section 8 — Mansfield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Mansfield, CT

Home Price to Income Ratio

Mansfield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Windham, CT

Mansfield, CT

Storrs

Willimantic, CT

Chaplin, CT

Frequently Asked Questions

What is the average home price in Mansfield, CT 06250?

How have home prices in Mansfield, CT 06250 changed over the past year?

What is the home price projection for Mansfield, CT 06250?

What are the demographics of Mansfield, CT 06250?

How long does it take homes to sell in Mansfield, CT 06250?

What is the average rent price in Mansfield, CT 06250?