How long do condos typically stay on the market in Mansfield?

Median days on market for Mansfield properties is 15–45 days, with well-priced condos selling faster. The market is moderately competitive, with homes selling at 1–3% below list price on average.

Is Mansfield a good market for condo appreciation?

Mansfield has experienced 5.9–6.4% annual appreciation over the past year, reflecting modest but stable growth. While not a high-appreciation market, the combination of affordable entry prices and steady rental demand makes it suitable for cash flow-focused investors.

What are the main tenant demographics in Mansfield?

Primary tenants are working-age adults (25–54), young families, and remote workers attracted by affordability. The rental market is stable with 6.5% year-over-year growth, indicating consistent demand for residential units.

Condo Investment Properties for Sale in Mansfield, OH

Property at 1538 Bridgewater Way S, Mansfield, OH

2 Bed
2 Bath
1712 sft

1538 Bridgewater Way S, Mansfield, OH, 44906

Property at 818 Red Oak Trl, Mansfield, OH

2 Bed
2 Bath
1280 sft

818 Red Oak Trl, Mansfield, OH, 44904

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Property at 23831 David Dr Unit 108, North Olmsted, OH

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Property at 7282 Trotter Ln #7-B, Mentor, OH

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Why Invest in Mansfield, Ohio?

Mansfield, OH offers affordable condo investments in a stabilizing Midwest market with modest appreciation trends. The market has experienced 5.9% to 6.4% annual home value growth, supported by competitive pricing and reasonable entry points for condo investors. With median listing prices around $139K–$155K and rental yields strengthening, condos present accessible opportunities for cash flow-focused investors seeking lower acquisition costs and manageable tenant turnover in a recovering industrial market.

6.2%

Avg. ROI

7.4%

Rental Yield

8.1%

Cap Rate

$520/mo

Avg. Cash Flow

$935/mo

Avg. Rent

6.15%

1Y Appreciation

Frequently Asked Questions

Average monthly cash flow for a condo in Mansfield ranges from $400–$650, depending on purchase price, financing, and local rent levels. With average rents around $935 and median condo prices near $147K, investors can achieve 7–8% rental yields with standard financing.

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Frequently Asked Questions

What is the typical cash flow for a condo investment in Mansfield, OH?

How long do condos typically stay on the market in Mansfield?

Is Mansfield a good market for condo appreciation?

What are the main tenant demographics in Mansfield?

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