Mansfield, OH—44902
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mansfield, OH
As of Oct '25, the median home price in Mansfield, OH is $65,000, with a year-over-year change of -4.8%. This indicates that home prices in Mansfield, OH are decreasing. According to Zillow, the 1-year price projection is 5.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $65,000 | -4.8% |
| Single Family | $65,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $58,000 | -1.7% |
3 Bed | $66,000 | -4.3% |
4 Bed | $76,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mansfield, OH
As of July '25, Rentcast reports the average rent in Mansfield, OH is $789, with a year-over-year rent change of 25.6%. Per bedroom, the median rent as of July '25 in Mansfield, OH is studios: $575, 1-bedrooms: $693, 2-bedrooms: $788, 3-bedrooms: $957, 4-bedrooms: $895. The most common rental property sizes in Mansfield, OH are 3-bedroom and 1-bedroom, accounting for 28.6% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $789 |
| Studio Rent | $525 | $575 |
| 1 Bed Rent | $650 | $693 |
| 2 Bed Rent | $725 | $788 |
| 3 Bed Rent | $900 | $957 |
| 4 Bed Rent | $895 | $895 |
% of Rental Stock
Property Listings — Mansfield, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Mansfield, OH is 62. This is a decrease of -25.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $97,400 | 9.0% |
Listing Count | 19 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 62 | -25.0% |
Demographics — Mansfield, OH
As of the latest ACS Survey released in 2023, Mansfield, OH has a population of 4,880, which has remained stable by 0.5% over the past 5 years. Mansfield, OH is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 4.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,880 | 0.5% |
% Under 18 | 23.3% | -18.8% |
% Seniors | 11.0% | -12.7% |
% WFH | 2.7% | 285.7% |
% w/ College Degree | 4.5% | 55.2% |
As of the latest ACS Survey released in 2023, Mansfield, OH is a predominantly white area, with 51.6% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Mansfield, OH is black, making up 34.8% of the population. Foreign-born residents account for 0.6% of the population in Mansfield, OH, and this percentage has increased by Inf% 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 | 51.6% | -11.9% |
% Black | 34.8% | 18.0% |
% Hispanic | 4.6% | -16.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.6% | ∞% |
Mortgage and Risk — Mansfield, OH
According to HUD data as of 2023, there were 10 mortgage originations in Mansfield, OH, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 92.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Mansfield, OH. Investor activity is high, as 20.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 20.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Mansfield, OH
As of 2024, the percent of homes in Mansfield, OH under the Section 8 program is 33.2%. 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. In Mansfield, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 376 |
Total Units Section 8 | 372 |
% Rentals under Section 8 | 33.2% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $650 | $740 |
| 2 Bedroom | $205 | $725 | $930 |
| 3 Bedroom | $370 | $900 | $1,270 |
| 4 Bedroom | $575 | $895 | $1,470 |
Affordability — Mansfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $65,000 |
| Median Household Income | $31,600 |