Mansfield, CT—06268
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mansfield, CT
Home Price Trends — Mansfield, CT
As of Oct '25, the median home price in Mansfield, CT is $405,000, with a year-over-year change of 4.8%. This indicates that home prices in Mansfield, CT are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $405,000 | 4.8% |
| Single Family | $419,000 | 4.8% |
| Condos | $212,000 | 10.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $280,000 | 8.5% |
3 Bed | $410,000 | 4.9% |
4 Bed | $460,000 | 5.0% |
| 5 Bed | $496,000 | 5.3% |
% of Housing Stock
Rental Trends — Mansfield, CT
Mansfield, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,630 |
| 2 Bed Rent | $2,000 | $2,420 |
| 3 Bed Rent | $2,550 | $2,550 |
| 4 Bed Rent | $3,700 | $3,700 |
% of Rental Stock
Property Listings — Mansfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Mansfield, CT is 42. 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $448,000 | -5.0% |
Listing Count | 16 | 59.0% |
| Listings as % of Homes | 0.4% | 59.0% |
Days on Market | 42 | 39.0% |
Demographics — Mansfield, CT
As of the latest ACS Survey released in 2023, Mansfield, CT has a population of 10,800, which has remained stable by 0.8% over the past 5 years. Mansfield, CT is a less popular place for families, as children make up 9.4% of the population. The area has a highly educated workforce, with 59.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 0.8% |
% Under 18 | 9.4% | -2.1% |
% Seniors | 13.4% | 8.9% |
% WFH | 24.0% | 155.3% |
% w/ College Degree | 59.3% | 5.5% |
As of the latest ACS Survey released in 2023, Mansfield, CT is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Mansfield, CT is asian, making up 11.8% of the population. Foreign-born residents account for 13.5% of the population in Mansfield, CT, and this percentage has increased by 22.7% 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 | 74.6% | -3.0% |
% Black | 5.5% | 7.8% |
% Hispanic | 6.0% | 1.7% |
% Asian | 11.8% | 29.7% |
% Foreign Born | 13.5% | 22.7% |
Mortgage and Risk — Mansfield, CT
According to HUD data as of 2023, there were 128 mortgage originations in Mansfield, CT, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Mansfield, CT. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mansfield, CT
As of 2024, the percent of homes in Mansfield, CT under the Section 8 program is 7.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mansfield, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,700 | $1,440 |
| 2 Bedroom | -$180 | $2,000 | $1,820 |
| 3 Bedroom | -$360 | $2,550 | $2,190 |
| 4 Bedroom | -$1,100 | $3,700 | $2,600 |
Affordability — Mansfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $405,000 |
| Median Household Income | $56,500 |