Market Overview
Home Prices in Mansfield, TN
The median home value in Mansfield, TN is $245,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15.8% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mansfield are priced40% below average. Mansfield is part of the Paris, TN metro area.
Price History
Mansfield Home Price Trend
2022
$192,361
$192K
—
2023
$195,275
$195K
+1.5%
2024
$208,600
$209K
+6.8%
2025
$211,843
$212K
+1.6%
2026
$245,240
$245K
+15.8%
City Comparison
Mansfield vs. National Median
🏠 Mansfield
$245,240
National Median
$410,000
At $245,240, homes in Mansfield cost 40% 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
$49,048
on $245,240
Monthly P&I
$1,279/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,624/mo
incl. taxes & insurance
Income Needed
$64,960
gross annual (30% rule)
10% Down Option
$24,524
+ PMI applies
Loan Amount (20% dn)
$196,192
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, TN?
The median home value in Mansfield is $245,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15.8% year-over-year.
How much have home prices changed in Mansfield?
Over the past year, home values in Mansfield have increased by 15.8%.
How much do I need to earn to buy a home in Mansfield?
To comfortably afford the median home price of $245,240 with a 20% down payment ($49,048) at today's rates (6.8%), you'd need a gross annual income of approximately $64,960. 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 $245,240, homes in Mansfield are 40% below the national average.
What metro area is Mansfield part of?
Mansfield is part of the Paris, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.