The typical home in Mansfield, OH is worth about $145,000.
With 20% down that's a loan near $116,000 — the calculator
is pre-filled with that figure. Mansfield's landmark 1886 Ohio State Reformatory, made famous as the filming location for The Shawshank Redemption, now draws more tourists than the city's shrinking manufacturing base employs workers. Home prices remain among the lowest in the state even as nearby Columbus commuters start looking further out.
$753.15 / month
Total interest
$155,128
Total paid
$271,128
Payoff
30.0 years
How much you need to earn
Mansfield, OH's median household income is about
$52,000 a year. Under standard 28/36
lending rules that supports a home price around
$168,151 with 20% down —
comfortably above the $145,000 typical price.
Typical asking rent in Mansfield, OH is about $950 a month, so owning the median home costs roughly
$113 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Mansfield, OH?
On the metro's roughly $145,000 typical home with 20% down, the loan is about $116,000. Principal and interest run near $753 a month at today's rate, and Mansfield, OH's property tax plus insurance add about $310, for a full payment near $1,063.
Can I afford a home in Mansfield, OH on the median income?
The median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $168,151 with 20% down — above the $145,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Mansfield, OH?
Typical asking rent is about $950 a month. The full owner payment on a median home is near $1,063, so owning costs roughly $113 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Mansfield, OH?
The effective property tax rate in the core county is about 1.53% of market value — roughly $2,219 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Mansfield, OH rising or falling?
Home values are up about 3% over the past year. Mansfield's landmark 1886 Ohio State Reformatory, made famous as the filming location for The Shawshank Redemption, now draws more tourists than the city's shrinking manufacturing base employs workers. Home prices remain among the lowest in the state even as nearby Columbus commuters start looking further out.