Real Estate Investing in Mansfield, Ohio (44906)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44906 (Mansfield, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
What’s happening in Mansfield, OH (44906)?
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Market Analysis: 44906 Mansfield
Investors eyeing 44906 need to respect the fundamentals at play. Home values of $174K come alongside slower price movement and elevated management overhead.
Rent of $950/mo on a $174K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44906 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 44906 trails on several market indicators that neighboring Richland County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 44906 ZIP's population of 17,059 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 44906 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Mansfield:
Property Strategy for 44906
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,213 | $970 | 5.9% | +10.3% | $59,607 |
| 3BR | $170,678 | $1,310 | 5.5% | +9.8% | $56,893 |
| 4BR | $274,138 | $1,530 | 4.0% | +8.9% | $68,535 |
| 5BR | $409,900 | — | — | +8.8% | $81,980 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44906 Compare?
| Metric | 44906 | Mansfield | Mansfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $173,977 | $113,782 | N/A | $237,530 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 7.4% |
| Avg Rent | $950 | $880 | N/A | - |
| Cap Rate | 4.3% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44906 (Mansfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,977 |
| Monthly Rent | $950 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44906
Population: 17,059
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44906
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does a duplex house hack pencil in Mansfield, OH?
The a challenging house-hack environment in Mansfield, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Mansfield, OH landlord-friendly?
OH law landlord-friendly for landlords, and Mansfield inherits those rules. Investors should still review local ordinances for rental licensing.
What are home prices like in Mansfield, OH?
Median home price in Mansfield, OH is near $174K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Are rents high in Mansfield, OH?
Mansfield, OH rentals go for roughly $950/mo a month. That puts gross yield in solid territory relative to $174K acquisition costs.
How strong is the working-renter base in Mansfield, OH?
Tenant demand in Mansfield, OH is solid. The local workforce $950/mo rents across most rental classes.
You know 44906 now. You don’t know where it ranks.
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How 44906 ranks in Mansfield, OH
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