Mansfield, Texas Housing Market Prices
Mansfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 105% above the Texas median$531,652
-
Median rent 40% above the Texas median$1,961
Housing Market Overview
| Metric | Mansfield | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $531,652 | $258,873 | $248,835 |
| Price Trend (Annual %) | 16.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,961 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mansfield is about 105% higher than in Texas. Rent is about 40% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mansfield, up about 16.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Mansfield rose about 68.6% between 2015 and 2024, from $1,163 to $1,961. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Mansfield.
Buying the median-priced home in Mansfield costs roughly 22.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mansfield. The price-to-rent ratio in Texas is about 15.4.
| Metric | Mansfield | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $531,652 | $258,873 | $248,835 |
| Median Household Income | $121,220 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mansfield rose about 254.3%, while median household income rose about 46.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mansfield | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.0% | 56.7% | 58.5% |
| Rental Rate | 26.0% | 33.9% | 31.2% |
| Vacancy Rate | 4.9% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Mansfield has a homeownership rate of 69.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Mansfield | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.06 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2002 | 1990 | 1978 |
| Median Number of Rooms | 6.6 | 5.4 | 5.5 |
The typical housing unit in Mansfield was built around 2002. On average, 3.1 people live in a home with about 6.6 rooms, staying for about 12.0 years on average.
Mansfield, TX Housing Compared With Nearby Cities
How Mansfield, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mansfield, TX | 72,407 | $531,652 #1/2 | $1,961 #1/2 | 72.6% #1/2 |
| Arlington, TX | 395,028 | $283,555 | $1,469 | 54.5% |
Frequently Asked Questions
Common questions about the housing market in Mansfield, Texas.
What is the median home price in Mansfield, Texas?
The median home price in Mansfield, Texas is $531,652, higher than the Texas average of $258,873.
What is the average home price in Mansfield, Texas?
The typical home price in Mansfield, Texas, reported as the median sale price, is $531,652. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mansfield, Texas?
The median gross rent in Mansfield, Texas is $1,961 per month, higher than the Texas average of $1,402.
What was the median gross rent in Mansfield in 2020?
In 2020, the median gross rent in Mansfield, Texas was $1,429 per month.
What is the price-to-rent ratio in Mansfield, Texas?
The price-to-rent ratio in Mansfield, Texas is about 22.6, meaning it would take roughly 22.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mansfield.
Are home prices or rent rising faster in Mansfield, Texas?
Both home prices and rent are rising in Mansfield, up about 16.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mansfield, Texas?
69.0% of households in Mansfield, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Mansfield, Texas?
The housing vacancy rate in Mansfield, Texas is 4.9%, lower than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →