Mansfield, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mansfield, Texas rental market.
Mansfield, Texas
Average Apartment Rent
$1,648
Y-o-Y Change in Average
Apartment Rent
-2.7%
As of November 2024
Compared to a year ago, Mansfield, Texas apartments have recorded a -2.7% rent decrease.
Mansfield, Texas Average apartment rent trend
Mansfield, Texas Average Apartment Rent
Mansfield, Texas Apartment rent ranges
At 45.4%, apartments priced $1,000 - $1,500 represent the bulk of Mansfield, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 14.52%.
Mansfield, Texas Housing tenure**
Renters take up 24% of Mansfield, Texas real estate, occupying a total of 5,851 units, while homeowners live in 18,054 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$68,937
Average household size of renter-occupied housing units**
2.61
Rental vacancy rate**
5.5%
Mansfield, Texas Renter-occupied housing units by no. of bedrooms**
There are 1,911 rentals in Mansfield, Texas with 3 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 145 units. Overall, the median number of rooms in Mansfield, Texas homes for rent is 4.1.
Mansfield, Texas Renter-occupied units by age of householder**
Most condos for rent in Mansfield, Texas are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Mansfield, Texas Renter-occupied housing units by family type**
Mansfield, Texas Renter-occupied housing units by the presence of own children**
A total of 3,396 apartments for rent in Mansfield, Texas, or 58% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 2,254 units. All in all, the median size of a renter-occupied household in Mansfield, Texas is 2.61.
Mansfield, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Mansfield, Texas.
Mansfield, Texas Renter-occupied units by year structure built**
The highest share of Mansfield, Texas apartment rentals, namely 35% or 2,067 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (33%, 1,914 units), and the ones Built 1990 - 1999 (12%, 713 units).
Mansfield, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Mansfield, Texas renters (44%) moved in 2018 to 2020, while only 6% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Mansfield, Texas condos for rent is 2018.
Mansfield, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Mansfield, Texas renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 11% have 3 vehicles available.
Mansfield, Texas Means of transportation to work of householders living in renter-occupied housing units**
Mansfield, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Mansfield, Texas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mansfield, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
