Mansfield, OH—44905
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 $148,000, with a year-over-year change of 6.3%. This indicates that home prices in Mansfield, OH are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | 6.3% |
| Single Family | $148,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $110,000 | 5.8% |
3 Bed | $164,000 | 7.2% |
4 Bed | $198,000 | 6.5% |
| 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 $1,150, with a year-over-year rent change of 17.9%. Per bedroom, the median rent as of July '25 in Mansfield, OH is 2-bedrooms: $965, 3-bedrooms: $1,270. The most common rental property sizes in Mansfield, OH are 2-bedroom and 3-bedroom, accounting for 46.2% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $965 |
| 3 Bed Rent | $1,300 | $1,270 |
| 4 Bed Rent | N/A | N/A |
% 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 43. This is a increase of 123.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -17.0% |
Listing Count | 27 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 43 | 123.0% |
Demographics — Mansfield, OH
As of the latest ACS Survey released in 2023, Mansfield, OH has a population of 16,300, which has increased by 18.5% over the past 5 years. Mansfield, OH is a less popular place for families, as children make up 14.9% of the population. The area has a poorly educated workforce, with 6.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 18.5% |
% Under 18 | 14.9% | -21.6% |
% Seniors | 15.8% | 1.3% |
% WFH | 0.7% | -72.0% |
% w/ College Degree | 6.2% | -19.5% |
As of the latest ACS Survey released in 2023, Mansfield, OH is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Mansfield, OH is black, making up 14.1% of the population. Foreign-born residents account for 0.8% of the population in Mansfield, OH, and this percentage has decreased by 27.3% 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 | 76.0% | -10.5% |
% Black | 14.1% | 46.9% |
% Hispanic | 4.6% | 206.7% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 0.8% | -27.3% |
Mortgage and Risk — Mansfield, OH
According to HUD data as of 2023, there were 186 mortgage originations in Mansfield, OH, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Mansfield, OH. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mansfield, OH
Mansfield, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $150 | $850 | $1,000 |
| 3 Bedroom | $70 | $1,300 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Mansfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $148,000 |
| Median Household Income | $55,700 |