Market Datavs. 1 year ago
30-year mortgage6.67%▲ +0.09 pts15-year mortgage5.96%▲ +0.25 pts10-year Treasury4.72%▲ +0.38 ptsMortgage spread1.95 pts▼ -0.29 ptsMedian list price$429k▼ -2.4%List $/sqft$226▼ -2.2%Days on market57▼ -1 daysActive listings1.13M▲ +2.1%New listings424k▼ -2.5%Pending sales470k▲ +1.9%Housing starts1.24M▼ -13.5%Building permits1.44M▲ +3.1%New-home sales628k▼ -5.6%Existing-home sales4.06M▲ +0.7%Months of supply9.3▲ +0.3 moMortgage delinquency1.89%▲ +0.12 pts
as of Aug 2026

Mansfield Metro Area Real Estate Market

Current real estate market data, news and analysis for the Mansfield, OH metropolitan area — 124,893 residents across Richland county.

Median Sale Price$207,000-1.4% YoY
Months of Supply1.5residential supply
Days on Market16median
Population124,893metro area

Data as of May 2026. Sources: Redfin Data Center, U.S. Census Bureau.

Latest Mansfield Real Estate News

Coverage of this market is coming soon. Browse all housing market news.

Mansfield Real Estate Market Overview

The Mansfield metro area occupies Richland County in north-central Ohio, roughly midway between Columbus to the south and the Cleveland-Akron corridor to the north. The city sits in the rolling foothills of the Allegheny Plateau, on high ground near the forks of the Mohican River, giving the built-up area a hillier profile than much of the surrounding farmland. The region has a humid continental climate with warm summers, cold snowy winters, and periodic lake-effect snow bands drifting down from Lake Erie. Mansfield grew as a nineteenth-century rail and manufacturing hub, and its core housing stock reflects that era: brick and frame Victorian-era homes, worker-era bungalows, and early-twentieth-century two-story houses predominate in the older city, with ranch-style and split-level construction filling in postwar suburban growth toward the edges.

Within the metro, price tiers track distance from downtown, school district lines, and access to water or open land. Neighborhoods near Kingwood Center Gardens and the city’s historic boulevard district, where large Victorian- and Colonial Revival-era homes were built for railroad and manufacturing executives, tend to command more than the smaller, older housing closer to former industrial corridors downtown. Outlying suburbs such as Ontario and Lexington, which fall under their own school districts, offer newer construction and larger lots than the city core. Villages ringing the county, including Bellville, Butler, Lucas, Plymouth, and Shiloh, are lower-density and rural in character, while property near Charles Mill Lake and Pleasant Hill Lake draws a premium for recreational access and lake views.

The area’s economy still leans on manufacturing alongside a growing healthcare sector. OhioHealth operates a hospital in Mansfield, and Avita Health System is another major regional healthcare employer. Manufacturers with a long-standing local presence include Gorman-Rupp, Charter Next Generation, ArcelorMittal Tubular Products in Shelby, Cleveland-Cliffs, Newman Technology, Techniplas, and School Specialty. Amazon operates a large fulfillment center in the county. Public-sector employment includes the Ohio State University Mansfield campus and North Central State College, the Ohio Air National Guard’s 179th Cyberspace Wing based at Mansfield Lahm Airport, and two state prisons, Mansfield Correctional Institution and Richland Correctional Institution.

Buyers should weigh several local factors. Winters bring routine lake-effect and system snow that affects commuting and roof and gutter maintenance, and low-lying parcels along the Clear Fork and Black Fork branches of the Mohican River, as well as areas near Charles Mill and Pleasant Hill Lakes, warrant a flood-zone check before purchase. Because so much of the city’s housing predates mid-century lead-paint regulations, older homes may require lead and asbestos inspections along with updated wiring or plumbing. Downtown and near-downtown parcels sit near legacy industrial and rail land, including former manufacturing sites now targeted for redevelopment, so an environmental and title review is worthwhile there. Property taxes and school levies vary across overlapping city, village, and township jurisdictions, so confirming the taxing district and specific school assignment for any address is essential.

Cities and Towns in the Mansfield Metro Area

BellvilleButlerLexingtonLucasMansfieldOntarioPlymouthShelbyShiloh

Notable Communities and Neighborhoods

Downtown Mansfield Historic DistrictHistoric Boulevard DistrictSouth ParkRaemelton Farm Historic DistrictKingwood Center Gardens areaLexingtonOntarioBellvilleButlerShelbyLucasPlymouthShilohCharles Mill LakePleasant Hill Lake

Mansfield Real Estate Market FAQ

How is the Mansfield metro area organized geographically?

The metro corresponds to Richland County and centers on the city of Mansfield, with several incorporated suburbs and independent villages arranged around it, including Ontario and Lexington closer in, and Bellville, Butler, Lucas, Plymouth, and Shiloh farther out toward the county’s rural edges. The terrain is hilly, shaped by the forks of the Mohican River, with two reservoir lakes, Charles Mill and Pleasant Hill, forming recreational areas along the county’s southern and eastern sides.

Which parts of the metro tend to be pricier, and why?

Areas near Kingwood Center Gardens and the historic boulevard district carry larger, architecturally distinct homes built during the city’s manufacturing heyday for company executives, which sets them apart from the smaller worker-era housing near downtown and the old industrial corridors. Suburbs with their own newer-built school districts, such as Ontario and Lexington, and lakefront property near Charles Mill or Pleasant Hill also tend to draw stronger demand than the city core or the more rural outlying villages.

What should buyers verify locally before purchasing in this market?

Because city, village, and township boundaries overlap with several different school districts, buyers should confirm the exact taxing jurisdiction and school assignment for any specific address rather than assuming it based on mailing address. It is also worth checking proximity to legacy industrial or rail land, since some former manufacturing sites in and around downtown are still in various stages of environmental review or redevelopment.

What is a region-specific risk buyers should be aware of?

Much of the older housing stock in Mansfield and the surrounding villages predates mid-century lead-paint regulations, so pre-purchase lead and asbestos inspections and a review of wiring and plumbing age are prudent for older homes. Separately, low-lying parcels along the Clear Fork and Black Fork branches of the Mohican River and near the two reservoir lakes should be checked against flood-zone maps, since the area has a documented history of localized flash flooding.

Nearby Markets

Know the Mansfield market? RealtyWire is building a network of local market experts — agents, brokers, lenders and analysts who know their metro block by block. Nominate a market expert →

Stay ahead of the market.

Get expert insights, market updates, and new opportunities delivered to your inbox.

RealtyWire Newsletter Signup
We respect your privacy. Unsubscribe anytime.