Mansfield, OH—44906
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 $163,000, with a year-over-year change of 7.0%. This indicates that home prices in Mansfield, OH are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | 7.0% |
| Single Family | $158,000 | 7.5% |
| Condos | $220,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $119,000 | 7.2% |
3 Bed | $171,000 | 8.2% |
4 Bed | $274,000 | 7.0% |
| 5 Bed | $410,000 | 5.1% |
% of Housing Stock
Rental Trends — Mansfield, OH
As of July '25, Rentcast reports the average rent in Mansfield, OH is $1,260, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Mansfield, OH is 1-bedrooms: $875, 2-bedrooms: $1,220, 3-bedrooms: $1,110, 4-bedrooms: $2,200. The most common rental property sizes in Mansfield, OH are 2-bedroom and 3-bedroom, accounting for 49.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $875 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,050 | $1,110 |
| 4 Bed Rent | $1,600 | $2,200 |
% 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 61. This is a decrease of -4.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 6.0% |
Listing Count | 66 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 61 | -4.0% |
Demographics — Mansfield, OH
As of the latest ACS Survey released in 2023, Mansfield, OH has a population of 17,100, which has increased by 1.2% over the past 5 years. Mansfield, OH is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | 1.2% |
% Under 18 | 19.5% | -5.8% |
% Seniors | 24.2% | 7.6% |
% WFH | 5.8% | 163.6% |
% w/ College Degree | 22.4% | 2.8% |
As of the latest ACS Survey released in 2023, Mansfield, OH is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Mansfield, OH is black, making up 4.6% of the population. Foreign-born residents account for 3.4% of the population in Mansfield, OH, and this percentage has decreased by 8.1% 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 | 86.3% | -2.2% |
% Black | 4.6% | -4.2% |
% Hispanic | 1.4% | 27.3% |
% Asian | 2.0% | -25.9% |
% Foreign Born | 3.4% | -8.1% |
Mortgage and Risk — Mansfield, OH
According to HUD data as of 2023, there were 284 mortgage originations in Mansfield, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Mansfield, OH. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 284 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mansfield, OH
As of 2024, the percent of homes in Mansfield, OH under the Section 8 program is 8.9%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mansfield, OH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 286 |
Total Units Section 8 | 266 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $750 | $740 |
| 2 Bedroom | -$270 | $1,200 | $930 |
| 3 Bedroom | $220 | $1,050 | $1,270 |
| 4 Bedroom | -$130 | $1,600 | $1,470 |
Affordability — Mansfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $163,000 |
| Median Household Income | $51,400 |