Mansfield, OH—44903
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 $199,000, with a year-over-year change of 5.6%. This indicates that home prices in Mansfield, OH are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 5.6% |
| Single Family | $198,000 | 5.3% |
| Condos | $236,000 | 10.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 5.6% |
3 Bed | $203,000 | 5.7% |
4 Bed | $280,000 | 5.7% |
| 5 Bed | $378,000 | 3.6% |
% of Housing Stock
Rental Trends — Mansfield, OH
As of July '25, Rentcast reports the average rent in Mansfield, OH is $842, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Mansfield, OH is studios: $525, 1-bedrooms: $690, 2-bedrooms: $869, 3-bedrooms: $1,020, 4-bedrooms: $1,030. The most common rental property sizes in Mansfield, OH are 2-bedroom and 3-bedroom, accounting for 48.2% and 17.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $842 |
| Studio Rent | $525 | $525 |
| 1 Bed Rent | $650 | $690 |
| 2 Bed Rent | $795 | $869 |
| 3 Bed Rent | $995 | $1,020 |
| 4 Bed Rent | $1,050 | $1,030 |
% 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 42. This is a increase of 12.0% 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 | $234,000 | 22.0% |
Listing Count | 79 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 42 | 12.0% |
Demographics — Mansfield, OH
As of the latest ACS Survey released in 2023, Mansfield, OH has a population of 26,800, which has increased by 13.6% over the past 5 years. Mansfield, OH is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | 13.6% |
% Under 18 | 24.9% | 13.7% |
% Seniors | 18.2% | 1.7% |
% WFH | 3.5% | 59.1% |
% w/ College Degree | 19.8% | 3.1% |
As of the latest ACS Survey released in 2023, Mansfield, OH is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Mansfield, OH is black, making up 8.7% of the population. Foreign-born residents account for 1.4% of the population in Mansfield, OH, and this percentage has decreased by 6.7% 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 | 79.6% | -2.5% |
% Black | 8.7% | -16.3% |
% Hispanic | 2.2% | -8.3% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 1.4% | -6.7% |
Mortgage and Risk — Mansfield, OH
According to HUD data as of 2023, there were 308 mortgage originations in Mansfield, OH, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Mansfield, OH. Investor activity is low, as 6.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Mansfield, OH
As of 2024, the percent of homes in Mansfield, OH under the Section 8 program is 21.8%. 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 | 678 |
Total Units Section 8 | 677 |
% Rentals under Section 8 | 21.8% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $650 | $960 |
| 2 Bedroom | $385 | $795 | $1,180 |
| 3 Bedroom | $425 | $995 | $1,420 |
| 4 Bedroom | $530 | $1,050 | $1,580 |
Affordability — Mansfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $199,000 |
| Median Household Income | $65,400 |