Mansfield, OH—44907
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 $167,000, with a year-over-year change of 6.0%. 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 | $167,000 | 6.0% |
| Single Family | $170,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $126,000 | 5.9% |
3 Bed | $172,000 | 6.2% |
4 Bed | $251,000 | 5.5% |
| 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 $897, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Mansfield, OH is studios: $850, 1-bedrooms: $741, 2-bedrooms: $901, 3-bedrooms: $1,210. The most common rental property sizes in Mansfield, OH are 2-bedroom and 1-bedroom, accounting for 54.5% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $897 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $700 | $741 |
| 2 Bed Rent | $800 | $901 |
| 3 Bed Rent | $1,120 | $1,210 |
| 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 20. This is a decrease of -31.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | 1.0% |
Listing Count | 40 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 20 | -31.0% |
Demographics — Mansfield, OH
As of the latest ACS Survey released in 2023, Mansfield, OH has a population of 15,200, which has increased by 1.8% over the past 5 years. Mansfield, OH is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 1.8% |
% Under 18 | 18.9% | -5.5% |
% Seniors | 23.7% | 19.7% |
% WFH | 5.7% | 119.2% |
% w/ College Degree | 18.6% | -2.6% |
As of the latest ACS Survey released in 2023, Mansfield, OH is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Mansfield, OH is black, making up 12.6% of the population. Foreign-born residents account for 2.0% of the population in Mansfield, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.8% | -3.4% |
% Black | 12.6% | -6.7% |
% Hispanic | 1.8% | 50.0% |
% Asian | 1.4% | 133.3% |
% Foreign Born | 2.0% | 0.0% |
Mortgage and Risk — Mansfield, OH
According to HUD data as of 2023, there were 367 mortgage originations in Mansfield, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 | 680 |
Total Units Section 8 | 550 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $700 | $710 |
| 2 Bedroom | $80 | $800 | $880 |
| 3 Bedroom | $100 | $1,120 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Mansfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $167,000 |
| Median Household Income | $44,000 |