Mansfield, CT 06268 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mansfield, CT—06268

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$428,000

9.9% YoY Growth

Household Income

$56,500

17.4% YoY Growth

Days on Market

58.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$1,950

N/A

1-Bed Rent

$1,700

N/A

2-Bed Rent

$2,000

N/A

3-Bed Rent

$2,550

N/A

Other Zip Codes in Mansfield, CT

06250

Home Price Trends — Mansfield, CT

As of May '26, the median home price in Mansfield, CT is $428,000, with a year-over-year change of 9.9%. 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	$428,000	9.9%
Single Family	$442,000	9.4%
Condos	$218,000	10.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

13.7%

1 Bedroom

30.1%

2 Bedrooms

35.7%

3 Bedrooms

12.8%

4 Bedrooms

7.6%

5+ Bedrooms

0.2%

Property Listings — Mansfield, CT

As of May '26, Realtor.com reports that the median days on market for a home in Mansfield, CT is 17. This is a decrease of -58.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	-29.0%
Listing Count	24	-10.0%
Listings as % of Homes	0.4%	-10.0%
Days on Market	17	-58.0%

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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%

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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%

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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%

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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 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

Mansfield, CT—06268

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

Storrs

Mansfield, CT

Willington, CT

Coventry, CT

Willimantic, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$428,000
Median Household Income	$56,500

Mansfield, CT—06268

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

Storrs

Mansfield, CT

Willington, CT

Coventry, CT

Willimantic, CT

Frequently Asked Questions

What is the average home price in Mansfield, CT 06268?

How have home prices in Mansfield, CT 06268 changed over the past year?

What is the home price projection for Mansfield, CT 06268?

What are the demographics of Mansfield, CT 06268?

How long does it take homes to sell in Mansfield, CT 06268?

What is the average rent price in Mansfield, CT 06268?