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South Mansfield

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

Median Home$106,986
Median Rent$419/month
Population303
Leading IndustriesRetail · Manufacturing · Information & Media20% retail
Home Value Growth-3.1% over 2 years
Family-Friendly33% of residentstop 2% nationally
Homeowners59% of occupied units
NotableAffordable Market$107k median home · lower cost than 89% of the country
South Mansfield
LA

Frequently Asked Questions

What are today's mortgage rates in South Mansfield?

As of today, the 30-year fixed mortgage rate for South Mansfield is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in South Mansfield?

The median home value in South Mansfield is $107k. The median monthly rent is $419. Annual property taxes average $201. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Mansfield?

Home values in South Mansfield have decreased 3.1% over the past two years. Buyers may find more negotiating room in this market. 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 South Mansfield?

Based on a typical all-in ownership cost of $373/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $16k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Mansfield is $27k/year.

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What industries drive the economy in South Mansfield?

The largest employment sectors in South Mansfield are retail (20%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.