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Mansfield

Learn about the people, housing, costs and businesses in Mansfield

Median Home$162,330
Median Rent$841/month
Population125,099
Leading IndustriesRetail · Professional Services21% retail
Home Value Growth⬆⬆+20.0% over 2 years
Retirees20% of residentsslightly above average
Homeowners68% of occupied units
NotableAffordable Market$162k median home · lower cost than 92% of the country
NotableTransit74/100 · excellent transit access
Mansfield

Frequently Asked Questions

What are today's mortgage rates in Mansfield?

Mortgage rates for Mansfield are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Mansfield?

The median home value in Mansfield is $162k. The median monthly rent is $841. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mansfield?

Home values in Mansfield have increased 20.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mansfield?

Based on a typical all-in ownership cost of $867/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mansfield is $63k/year.

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What industries drive the economy in Mansfield?

The largest employment sectors in Mansfield are public administration (24%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.