Home Values in Mansfield, Texas — 2026 Market Report
Updated March 2026 | Balanced Market | +3.3% YoY
The median home value in Mansfield, Texas is $365,000 as of March 2026, which is near the national median of $400,000. Home values in Mansfield have increased by 3.3% over the past year and 17.6% over the last five years. With a population of 75,454 and a median household income of $92,250, the price-to-income ratio stands at 4.0x, making Mansfield affordable for the average household.
Mansfield Housing Market Conditions
| Metric | Mansfield | National Avg |
|---|---|---|
| Median Home Value | $365,000 | $400,000 |
| YoY Appreciation | +3.3% | +3.8% |
| 5-Year Appreciation | +17.6% | +22.4% |
| Price per Sq Ft | $149 | $222 |
| Days on Market | 33 days | 45 days |
| Months of Supply | 3.8 | 3.5 |
| List-to-Sale Ratio | 101.1% | 98.5% |
| Monthly Homes Sold | 38 | — |
| Foreclosure Rate | 0.51% | 0.3% |
Home Value Trends in Mansfield
A homeowner who purchased at the median price of $310,374 five years ago in Mansfield would have gained approximately $54,626 in equity, representing a 17.6% return on investment. Over the past year alone, the typical homeowner gained $11,660 in home equity.
Affordability in Mansfield, TX
With a median household income of $92,250 and a median home price of $365,000, the price-to-income ratio in Mansfield is 4.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,894 compared to estimated monthly ownership costs of $2,282 gives a rent-vs-buy ratio of 1.20. In Mansfield, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Mansfield
The effective property tax rate in Texas is 1.8%. On a home valued at $365,000, the estimated annual property tax bill is $6,570, or approximately $548/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Mansfield is 95.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Mansfield, TX?
The median home value in Mansfield, Texas is $365,000 as of March 2026. Home values have changed +3.3% over the past year, with a 5-year appreciation of 17.6%.
Is Mansfield a buyer's or seller's market?
Mansfield is currently a balanced market with 3.8 months of housing supply. Homes spend an average of 33 days on market, and the list-to-sale price ratio is 101.1%. Supply and demand are relatively balanced.
Are home values going up in Mansfield?
Yes, home values in Mansfield have increased by 3.3% over the past year. The 5-year appreciation rate is 17.6%, meaning a home worth $310,374 five years ago is now worth $365,000.
Is it better to rent or buy in Mansfield?
The average monthly rent in Mansfield is $1,894, while estimated monthly homeownership costs are approximately $2,282. The price-to-rent ratio is 16.1. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
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Disclaimer: Home value data for Mansfield, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.