Total monthly cost of ownership
Cost to Own a Home in Mansfield, Ohio
A $111,000 home here costs
$1,076per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $505 higher every month — 88% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mansfield against Richland County and Ohio
| Measure | Mansfield | Richland County |
|---|---|---|
| Median home value | $110,600 | $154,000 |
| Median property tax | $1,527 | $1,984 |
| Effective tax rate | 1.381% | 1.288% |
| Median gross rent | $768 | $791 |
| Population | 47,686 | 125,138 |
The weather behind that power bill
Mansfield sits in Richland County, which averages a high of 82.8°F in its hottest month and a low of 19.1°F in its coldest, with 42.49" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 751 cooling and 5,983 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Richland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richland County
Common questions
How much does it cost to own a home in Mansfield?
A $111,000 home in Mansfield, Ohio costs approximately $1,076 per month with 20% down at 6.66%. That is $571 principal and interest, $128 property tax, $41 homeowners insurance, $243 utilities and $93 set aside for maintenance.
What is the property tax rate in Mansfield?
Mansfield has an effective property tax rate of 1.381%, based on a median home value of $110,600 and median real estate taxes of $1,527. That is higher than the Richland County average of 1.288%.
What is the average home price in Mansfield?
The median owner-occupied home value in Mansfield, Ohio is $110,600, against $154,000 across Richland County.
Is it cheaper to rent or buy in Mansfield?
Median gross rent in Mansfield is $768 a month, against $1,076 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mansfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Ohio.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.