Mortgage Rates in Mansfield, Ohio — March 2026
Updated March 2026 | Based on Mansfield market data and regional lending conditions
Mansfield is a growing city in Ohio with a population of 46,454. The current 30-year fixed mortgage rate in Mansfield is 6.72%, which is 0.07% above the national average. With a median home price of $186,000 and a 20% down payment of $37,200, homebuyers can expect a monthly principal and interest payment of approximately $962.
Current Mortgage Rates in Mansfield, OH
Below are the current average mortgage rates available in the Mansfield area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Mansfield Housing Market Overview
The Mansfield housing market offers relatively affordable housing compared to many major cities. The median household income in Mansfield is $46,800, and the cost of living index is 84.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $51,943 to comfortably afford the median-priced home in Mansfield, which exceeds the current median household income.
Monthly Payment Breakdown for Mansfield
Based on the median home price of $186,000 with 20% down ($37,200), here is what you can expect to pay monthly in Mansfield:
15-Year vs. 30-Year Mortgage in Mansfield
Choosing a 15-year mortgage in Mansfield at 5.96% instead of a 30-year at 6.72% would save you $120,960 in total interest over the life of the loan. However, your monthly payment would be $1,252 instead of $962 — an increase of $290 per month.
Calculate Your Mansfield Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Mansfield
What are the current mortgage rates in Mansfield, OH?
As of March 2026, the average 30-year fixed mortgage rate in Mansfield, Ohio is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Mansfield?
Based on the median home price of $186,000 with 20% down, the estimated monthly mortgage payment in Mansfield is $962 for principal and interest. Including property taxes of $250/month, the total monthly housing cost is approximately $1,212.
What income do I need to buy a home in Mansfield?
Using the 28% rule, you would need an annual income of approximately $51,943 to afford the median-priced home in Mansfield at $186,000. The median household income in Mansfield is $46,800. This means most households would need to either earn above the median or consider homes below $186,000.
Is Mansfield a good place to buy a home in 2026?
Mansfield offers a below-average cost of living with a cost of living index of 84.1 (national average = 100). The property tax rate in Ohio is 1.61%, which is above the national average. Mansfield has a population of 46,454 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Mansfield, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.