44904, Mansfield, OH

Home Equity and Home Prices in the 44904 Zip Code of Mansfield, OH

The zip code of 44904 covers a total area of just over 10 square miles and has a population of just under 36,000 people. The median household income in this zip code is just over $50,000, which is significantly higher than the national median household income of $53,046. However, despite this high median income level, home prices in this zip code are considerably lower than the national average. In fact, according to Zillow’s latest report on home prices nationwide, the median home price in Mansfield is only $130 per square foot – which is much lower than the nationwide median home price of $213 per square foot. This suggests that there may be some potential for homeowners in this zip code to benefit from increased housing prices in the future.

One reason why home prices in Mansfield may be relatively low compared to other areas of the country is that there are relatively few luxury homes available for sale here. According to Zillow’s report on luxury homes nationwide, only 2% of homes sold in Mansfield fall into this category – which is much lower than the nationwide percentage of 5%. This suggests that homeowners here are more likely to be able to afford a typical house rather than a luxurious one. Additionally, although there are a number of single-family homes available for sale here (as well as some duplexes and apartments), most homeowners appear to prefer living in multi-family units (such as condos or townhouses). This may help explain why home values tend to be higher when it comes to multi-unit dwellings – since these types of properties typically command a higher price tag due to their rarity and prestige.

Overall, it appears that there may be some potential for homeowners in the 44904 zip code of Mansfield to benefit from increased housing prices down the road – provided that current trends continue. While it's always important to consult with an experienced real estate agent if you're interested in buying or selling a property - especially if you're not familiar with local market conditions - it seems likely that many homeowners here will be able to achieve satisfactory results without having too much difficulty finding buyers or negotiating top dollar deals.