Rent, population, and median household income are important factors to consider for a 1031 exchange in Mansfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Mansfield, Ohio is a part of the Mansfield, OH metropolitan area, and contains 7 zip codes, including: 44904, 44905, 44902, 44907, 44901, and 44903.
Mansfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mansfield, OH metropolitan area was $478, which is 7.42% lower than 2014 average rent. This represents a compounded annual growth rate of 1.44%. 2019 vacancy in Mansfield, OH was 4.30%.
The total population of the city of Mansfield, OH has decreased 2.64% since 2010. As of 2018, the population was 46,560. The median household income of the Mansfield was $35,697, which is 40.79% lower than the national average.
- metropolitan area Mansfield, OH
- avg rent $478
- rent growth 7.42%
- vacancy 4.30%
- median income $35,697
- population (2018) 46,560
- population growth -2.64%
- vs. nat'l avg 40.79%
- zip codes 44901 44902 44903 44904 44905 44906 44907
