Market Overview
Home Prices in Mansfield, AR
The median home value in Mansfield, AR is $176,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.3% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mansfield are priced57% below average. Mansfield is part of the Fort Smith, AR-OK metro area.
Over the past five years, Mansfield home values have risen by approximately19.7%, reflecting steady appreciation in this market.
Price History
Mansfield Home Price Trend
City Comparison
Mansfield vs. National Median
At $176,743, homes in Mansfield cost 57% below the national median of $410,000. This makes Mansfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mansfield?
20% Down Payment
$35,349
on $176,743
Monthly P&I
$922/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,171/mo
incl. taxes & insurance
Income Needed
$46,840
gross annual (30% rule)
10% Down Option
$17,674
+ PMI applies
Loan Amount (20% dn)
$141,394
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mansfield, AR?
The median home value in Mansfield is $176,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.3% year-over-year.
How much have home prices changed in Mansfield?
Over the past year, home values in Mansfield have increased by 8.3%. Over five years, prices have risen approximately 19.7%.
How much do I need to earn to buy a home in Mansfield?
To comfortably afford the median home price of $176,743 with a 20% down payment ($35,349) at today's rates (6.8%), you'd need a gross annual income of approximately $46,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Mansfield compare to the national average home price?
The national median home value is approximately $410,000. At $176,743, homes in Mansfield are 57% below the national average.
What metro area is Mansfield part of?
Mansfield is part of the Fort Smith, AR-OK metropolitan area. Home prices and market conditions can vary across the broader metro region.