Compare Mansfield, OH mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Mansfield.
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December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Mansfield. Understand how much you need to earn to afford a home in Mansfield, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Mansfield fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Mansfield is right for you.
The median home value for Mansfield, OH (Richland County) is $149,792
Based on current mortgage rates and a 10% down payment, you need to make $24,543 per year to buy the median priced home in Mansfield
With this income, you could qualify for a $134,813 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Mansfield is $568
The median household income for Mansfield, OH (Richland County) is $55,971
Based on this income, you can afford a home valued at approximately $341,606
The home price you can afford to buy based on household income in Mansfield is 228% of the median home value which means housing prices are affordable. Mansfield (Richland County) ranks 35 out of 88 counties in Ohio and 1,178 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Mansfield, OH is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Mansfield (Richland County) below.
Conforming loan limits for Mansfield, OH
FHA loan limits for Mansfield, OH