Mansfield, CT—06250
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mansfield, CT
Home Price Trends — Mansfield, CT
As of Oct '25, the median home price in Mansfield, CT is $350,000, with a year-over-year change of 3.0%. This indicates that home prices in Mansfield, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 3.0% |
| Single Family | $365,000 | 4.0% |
| Condos | $311,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 4.2% |
3 Bed | $356,000 | 3.2% |
4 Bed | $454,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mansfield, CT
As of July '25, Rentcast reports the average rent in Mansfield, CT is $2,120, with a year-over-year rent change of -24.3%. Per bedroom, the median rent as of July '25 in Mansfield, CT is 1-bedrooms: $1,200, 2-bedrooms: $1,490, 3-bedrooms: $2,480, 4-bedrooms: $2,800. The most common rental property sizes in Mansfield, CT are 3-bedroom and 2-bedroom, accounting for 58.6% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,500 | $1,490 |
| 3 Bed Rent | $2,500 | $2,480 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Mansfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Mansfield, CT is 26. This is a increase of 16.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | -27.0% |
Listing Count | 20 | 29.0% |
| Listings as % of Homes | 0.9% | 29.0% |
Days on Market | 26 | 16.0% |
Demographics — Mansfield, CT
As of the latest ACS Survey released in 2023, Mansfield, CT has a population of 4,780, which has remained stable by 0.8% over the past 5 years. Mansfield, CT is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 54.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,780 | 0.8% |
% Under 18 | 21.0% | 1.0% |
% Seniors | 22.7% | 43.7% |
% WFH | 21.1% | 441.0% |
% w/ College Degree | 54.4% | 2.1% |
As of the latest ACS Survey released in 2023, Mansfield, CT is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Mansfield, CT is asian, making up 12.4% of the population. Foreign-born residents account for 14.8% of the population in Mansfield, CT, and this percentage has increased by 62.6% 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 | 76.8% | -8.1% |
% Black | 0.3% | -82.4% |
% Hispanic | 7.6% | 46.2% |
% Asian | 12.4% | 55.0% |
% Foreign Born | 14.8% | 62.6% |
Mortgage and Risk — Mansfield, CT
According to HUD data as of 2023, there were 90 mortgage originations in Mansfield, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Mansfield, CT. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mansfield, CT
As of 2024, the percent of homes in Mansfield, CT under the Section 8 program is 16.9%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mansfield, CT, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 69 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,200 | $1,620 |
| 2 Bedroom | $550 | $1,500 | $2,050 |
| 3 Bedroom | -$30 | $2,500 | $2,470 |
| 4 Bedroom | $130 | $2,800 | $2,930 |
Affordability — Mansfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $350,000 |
| Median Household Income | $103,000 |