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 463 people, 139 houses or apartments, and a median cost of homes of $370,529, 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 98.73% of the city's housing units. Other types of housing that are prevalent in Mansfield include mobile homes or trailers ( 1.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mansfield. Owner-occupied housing accounts for 74.10% of Mansfield's homes, and 59.49% have either three or four bedrooms, which is average sized relative to America.
The housing in Mansfield was primarily built before 1939 ( 59.49%), making the housing stock in Mansfield some of the oldest overall in America, although there is a range of ages of homes in Mansfield. The next most important housing age is between 1970-1999 ( 19.62%), followed by between 1940-1969 ( 12.03%). There's also some housing in Mansfield built between 2000 and later ( 8.86%).
Vacant housing appears to be an issue in Mansfield. Fully 12.03% of the housing stock is classified as vacant. Left unchecked, vacant Mansfield homes and apartments can be a drag on the real estate market, holding Mansfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Mansfield has experienced some of the highest home appreciation rates of any community in the nation. Mansfield real estate appreciated 155.76% over the last ten years, which is an average annual home appreciation rate of 9.85%, putting Mansfield in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mansfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Mansfield's appreciation rate, at 5.75%, has been at or slightly above the national average. In the latest quarter, Mansfield's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Mansfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
$370,529
for Georgia
for nation
139
$1,733 / per month