Mansfield Township, NJ—08022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mansfield Township, NJ
As of Oct '25, the median home price in Mansfield Township, NJ is $516,000, with a year-over-year change of 4.6%. This indicates that home prices in Mansfield Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $516,000 | 4.6% |
| Single Family | $516,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $385,000 | 4.3% |
3 Bed | $523,000 | 5.0% |
4 Bed | $705,000 | 4.6% |
| 5 Bed | $916,000 | 3.6% |
% of Housing Stock
Rental Trends — Mansfield Township, NJ
As of July '25, Rentcast reports the average rent in Mansfield Township, NJ is $2,600, with a year-over-year rent change of 20.4%. Per bedroom, the median rent as of July '25 in Mansfield Township, NJ is 3-bedrooms: $2,600. The most common rental property sizes in Mansfield Township, NJ are 5+ bedroom and 3-bedroom, accounting for 33.3% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mansfield Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mansfield Township, NJ is 46. This is a decrease of -3.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $474,000 | -7.0% |
Listing Count | 32 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 46 | -3.0% |
Demographics — Mansfield Township, NJ
As of the latest ACS Survey released in 2023, Mansfield Township, NJ has a population of 9,350, which has increased by 5.0% over the past 5 years. Mansfield Township, NJ is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,350 | 5.0% |
% Under 18 | 20.3% | 29.3% |
% Seniors | 25.9% | -11.9% |
% WFH | 19.1% | 634.6% |
% w/ College Degree | 41.8% | -0.7% |
As of the latest ACS Survey released in 2023, Mansfield Township, NJ is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Mansfield Township, NJ is black, making up 16.8% of the population. Foreign-born residents account for 9.5% of the population in Mansfield Township, NJ, and this percentage has decreased by 35.4% 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 | 70.2% | -5.9% |
% Black | 16.8% | 100.0% |
% Hispanic | 9.0% | 210.3% |
% Asian | 1.6% | -87.1% |
% Foreign Born | 9.5% | -35.4% |
Mortgage and Risk — Mansfield Township, NJ
According to HUD data as of 2023, there were 181 mortgage originations in Mansfield Township, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Mansfield Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mansfield Township, NJ
Mansfield Township, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,550 |
| 2 Bedroom | N/A | N/A | $1,850 |
| 3 Bedroom | -$370 | $2,600 | $2,230 |
| 4 Bedroom | N/A | N/A | $2,530 |
Affordability — Mansfield Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $516,000 |
| Median Household Income | $119,000 |