Mansfield, IL housing market
The typical Mansfield home is worth about $230,000, about the same as a year ago, 23% below the Illinois typical home.
Home values, sales, trends and how Mansfield compares with the towns next door — updated as new data is published.
Mansfield at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Mansfield | Illinois |
|---|---|---|
| 2017 | $147,000 | $181,000 |
| 2018 | $156,000 | $190,000 |
| 2019 | $153,000 | $195,000 |
| 2020 | $164,000 | $200,000 |
| 2021 | $174,000 | $215,000 |
| 2022 | $185,000 | $236,000 |
| 2023 | $196,000 | $248,000 |
| 2024 | $199,000 | $263,000 |
| 2025 | $210,000 | $278,000 |
| 2026 | $233,000 | $290,000 |
| August 2026 | $230,000 | $298,000 |
No new homes permitted in 2025
No permits for new homes were issued in Mansfield in 2025. The last year with any was 2022 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mansfield gained 22 residents while 3 new homes were permitted: about 7.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $160,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $65,000 |
| 2017 | 1 | 1 | 0 | $336,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $100,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $64,000 |
| 2004 | 2 | 2 | 0 | $220,000 |
| 2003 | 2 | 2 | 0 | $233,000 |
| 2002 | 2 | 2 | 0 | $233,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 5 | 5 | 0 | $450,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Mansfield is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mansfield pay a median of $1,021, so moving in tends to cost more than staying put.
Studio $980 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61854; Bloomington, IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.