Mansfield, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mansfield Neighborhoods Since 2000




Mansfield, OH 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 46,830 people, 18,019 houses or apartments, and a median cost of homes of $71,739, house prices in Mansfield are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Mansfield, accounting for 62.31% of the city's housing units. Other types of housing that are prevalent in Mansfield include large apartment complexes or high rise apartments ( 17.59%), duplexes, homes converted to apartments or other small apartment buildings ( 13.57%), and a few row houses and other attached homes ( 3.99%).

The most prevalent building size and type in Mansfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.98% owning and 53.02% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mansfield's housing was primarily built during this period, from the '40s through the '60s. A full 45.23% of the city's housing hails from this era. Other housing ages represented in Mansfield include homes built before 1939 ( 24.33%) and housing constructed between 1970-1999 ( 23.94%). There's also some housing in Mansfield built between 2000 and later ( 6.49%).

Vacant housing appears to be an issue in Mansfield. Fully 17.70% of the housing stock is classified as vacant. Left unchecked, vacant Mansfield homes and apartments can be a drag on the real estate market, holding Mansfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mansfield Home Appreciation Rates

Homes have actually lost value in Mansfield over the last then years, as home values have seen a decline of 19.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mansfield home appreciation rates at 1.44%, which equates to an annual appreciation rate of 5.90%.

NeighborhoodScout's data show that during the latest twelve months, Mansfield's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Mansfield's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.

Relative to Ohio, our data show that Mansfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mansfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mansfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mansfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$71,739

Mansfield, OH HOME PRICES

Value Range
> $1,074,000 0.3
$805,001 - $1,074,000 0.1
$537,001 - $805,000 0.2
$429,001 - $537,000 0.0
$322,001 - $429,000 0.9
$215,001 - $322,000 3.1
$107,001 - $215,000 27.2
$54,001 - $107,000 40.9
$0 - $54,000 27.3

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
94.5681471932497 96.7191601049869

Number Of Homes And Apartments:
18,019

Mansfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-8.53% -0.52% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$710 / per month

Homeownership Rate

Homeownership
Owners 46.98
Renters 53.02
Vacant 17.70

Housing Market Details

 

Age of Homes

AGE OF Mansfield HOMES
2000 or Newer 6.5
1970 - 1999 23.9
1940 - 1969 45.2
1939 or Older 24.3

Types of Homes

TYPE OF Mansfield HOMES
Single-Family 62.3
Townhomes 4.0
Small Apt. Buildings 13.6
Apt. Complexes 17.6
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Mansfield HOMES
No Bedroom 2.64
1 Bedroom 12.87
2 Bedrooms 33.23
3 Bedrooms 36.36
4 Bedrooms 12.88
5 or more bedrooms 2.02