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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 31,949 people, 6,672 houses or apartments, and a median cost of homes of $377,450, 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 54.61% of the town's housing units. Other types of housing that are prevalent in Mansfield include large apartment complexes or high rise apartments ( 17.87%), duplexes, homes converted to apartments or other small apartment buildings ( 16.46%), and a few row houses and other attached homes ( 6.94%).
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 ( 28.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.33%). There's also some housing in Mansfield built before 1939 ( 15.12%).
Mansfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mansfield during the period has been just 5.16%, which is lower than 80% of US communities.
Appreciation rates are so strong in Mansfield that despite a nationwide downturn in the housing market, Mansfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mansfield appreciation rates continue to be some of the highest in America, at 8.49%, which is higher than appreciation rates in 75.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mansfield. Mansfield appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.36%.
Relative to Connecticut, our data show that Mansfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.
$377,450
for Connecticut
for nation
6,672
$3,081 / per month