Mansfield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mansfield Neighborhoods Since 2000




Mansfield, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mansfield Housing Market Information

With a population of 26,043, 5,557 total housing units (homes and apartments), and a median house value of $242,890, Mansfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mansfield, accounting for 56.64% of the town's housing units. Other types of housing that are prevalent in Mansfield include duplexes, homes converted to apartments or other small apartment buildings ( 18.50%), large apartment complexes or high rise apartments ( 14.41%), and a few row houses and other attached homes ( 6.54%).

Renters dominate Mansfield's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Mansfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mansfield built between 1940-1969 ( 34.47%). A lesser amount of the housing stock also hails from before 1939 ( 12.49%). There's also some housing in Mansfield built between 2000 and later ( 11.72%).

Mansfield Home Appreciation Rates

Homes have actually lost value in Mansfield over the last then years, as home values have seen a decline of 19.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mansfield home appreciation rates at -1.07%, which equates to an annual appreciation rate of -4.22%.

Over the last year, Mansfield appreciation rates have trailed the rest of the nation. In the last twelve months, Mansfield's appreciation rate has been -2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mansfield were at -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Mansfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Mansfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$242,890

Mansfield, CT HOME PRICES

Value Range
> $962,000 0.2
$721,001 - $962,000 0.3
$481,001 - $721,000 2.7
$385,001 - $481,000 4.8
$288,001 - $385,000 25.7
$193,001 - $288,000 37.9
$96,001 - $193,000 11.8
$48,001 - $96,000 5.2
$0 - $48,000 11.6

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
23.6435016992851 71.5976331360947

Number Of Homes And Apartments:
5,557

Mansfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.56% 1.28% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,340 / per month

Homeownership Rate

Homeownership
Owners 29.66
Renters 70.34
Vacant 9.18

Housing Market Details

 

Age of Homes

AGE OF Mansfield HOMES
2000 or Newer 11.7
1970 - 1999 41.3
1940 - 1969 34.5
1939 or Older 12.5

Types of Homes

TYPE OF Mansfield HOMES
Single-Family 56.6
Townhomes 6.5
Small Apt. Buildings 18.5
Apt. Complexes 14.4
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Mansfield HOMES
No Bedroom 0.72
1 Bedroom 14.40
2 Bedrooms 32.37
3 Bedrooms 32.72
4 Bedrooms 14.86
5 or more bedrooms 4.94