Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Mansfield?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Mansfield right now. Listings below $500,000 were included if necessary.
7157 State Route 98, Shelby, OH 44875
- Price: $475,000
- 12 bedrooms, 9 bathrooms
- Square feet: 5,792
- See 7157 State Route 98, Shelby, OH 44875 on Redfin.com
1531 Suburban Dr, Mansfield, OH 44903
- Price: $449,900
- 8 bedrooms, 6 bathrooms
- Square feet: 2,112
- See 1531 Suburban Dr, Mansfield, OH 44903 on Redfin.com
1691 Willowick Rd, Mansfield, OH 44907
- Price: $425,000
- 8 bedrooms, 4.5 bathrooms
- Square feet: 4,775
- See 1691 Willowick Rd, Mansfield, OH 44907 on Redfin.com
56 Lexington Ontario Rd, Ontario, OH 44903
- Price: $419,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,312
- See 56 Lexington Ontario Rd, Ontario, OH 44903 on Redfin.com
763 York St W, Mansfield, OH 44904
- Price: $439,900
- 4 bedrooms, 4.5 bathrooms
- Square feet: 2,158
- See 763 York St W, Mansfield, OH 44904 on Redfin.com
2123 Random Dr, Mansfield, OH 44904
- Price: $399,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,704
- See 2123 Random Dr, Mansfield, OH 44904 on Redfin.com
655 Woodhill Rd, Mansfield, OH 44907
- Price: $410,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,491
- See 655 Woodhill Rd, Mansfield, OH 44907 on Redfin.com
469 Cedarwood Dr, Mansfield, OH 44904
- Price: $450,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,575
- See 469 Cedarwood Dr, Mansfield, OH 44904 on Redfin.com
2484 E Smiley Rd, Shelby, OH 44875
- Price: $449,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,880
- See 2484 E Smiley Rd, Shelby, OH 44875 on Redfin.com
2674 Stiving Rd, Mansfield, OH 44903
- Price: $388,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,032
- See 2674 Stiving Rd, Mansfield, OH 44903 on Redfin.com
110 E Kochheiser Rd, Bellville, OH 44813
- Price: $345,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,116
- See 110 E Kochheiser Rd, Bellville, OH 44813 on Redfin.com
1505 Brookpark Dr, Mansfield, OH 44906
- Price: $334,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,377
- See 1505 Brookpark Dr, Mansfield, OH 44906 on Redfin.com
2401 Whitney Ave, Ontario, OH 44906
- Price: $399,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,120
- See 2401 Whitney Ave, Ontario, OH 44906 on Redfin.com
1085 Lewis Rd, Ontario, OH 44903
- Price: $349,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,032
- See 1085 Lewis Rd, Ontario, OH 44903 on Redfin.com
1452 W Cook Rd, Mansfield, OH 44906
- Price: $449,900
- 4 bedrooms, 2 bathrooms
- Square feet: 3,750
- See 1452 W Cook Rd, Mansfield, OH 44906 on Redfin.com
2696 Walker Lake Rd, Mansfield, OH 44903
- Price: $345,900
- 4 bedrooms, 1.5 bathrooms
- Square feet: 1,918
- See 2696 Walker Lake Rd, Mansfield, OH 44903 on Redfin.com
1624 Hidden Oak Trl, Mansfield, OH 44906
- Price: $475,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,854
- See 1624 Hidden Oak Trl, Mansfield, OH 44906 on Redfin.com
2187 Marion Avenue Rd, Mansfield, OH 44903
- Price: $490,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,324
- See 2187 Marion Avenue Rd, Mansfield, OH 44903 on Redfin.com
1894 Lexington Ave, Mansfield, OH 44907
- Price: $429,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,151
- See 1894 Lexington Ave, Mansfield, OH 44907 on Redfin.com
122 Church St, Bellville, OH 44813
- Price: $395,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,216
- See 122 Church St, Bellville, OH 44813 on Redfin.com
2447 Fox Rd, Mansfield, OH 44904
- Price: $420,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,233
- See 2447 Fox Rd, Mansfield, OH 44904 on Redfin.com
1372 Bellville Johnsville Rd, Bellville, OH 44813
- Price: $339,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,116
- See 1372 Bellville Johnsville Rd, Bellville, OH 44813 on Redfin.com
895 State Route 314 N, Mansfield, OH 44903
- Price: $329,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,812
- See 895 State Route 314 N, Mansfield, OH 44903 on Redfin.com
224 Blue Bird Dr, Butler, OH 44822
- Price: $469,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,808
- See 224 Blue Bird Dr, Butler, OH 44822 on Redfin.com
1694 Scarletts Way, Mansfield, OH 44906
- Price: $404,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,710
- See 1694 Scarletts Way, Mansfield, OH 44906 on Redfin.com
1631 Deer View Cir, Ontario, OH 44906
- Price: $337,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,566
- See 1631 Deer View Cir, Ontario, OH 44906 on Redfin.com
2265 Moffett Rd, Lucas, OH 44843
- Price: $375,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,518
- See 2265 Moffett Rd, Lucas, OH 44843 on Redfin.com
1592 Walker Woods Blvd, Mansfield, OH 44903
- Price: $349,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,300
- See 1592 Walker Woods Blvd, Mansfield, OH 44903 on Redfin.com
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
