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Mansfield, OH Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,000
Monthly Cash Flow
$2
Principal + Equity
$1,182
Annual Total Gain
$14,215
Cash on Cash
0.07%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$167
Occupancy Rate
47.06%
Monthly Revenue
$1,841
Monthly Cash Flow
$567
Principal + Equity
$1,182
Annual Total Gain
$20,990
Cash on Cash %
18.38%
Net ROI %
Market Health & Growth
Median Income
$42,605
Population
47,686
LTR Renter %
49.36%
Forecast (1 yr)
5.14%
Appreciation (1 yr)
5.26%
Appreciation (5 yr)
61.91%
Appreciation (10 yr)
129.52%
Job Growth
0.07%
LTR Rentability
Moderate
STR Demand
50
STR Rentals
149
Top Public Schools
BOntario Middle School
BEastern Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Places to Live in Ohio
#122out of 732 markets
Best Places for Young Professionals in Ohio
#360out of 732 markets
Places with the Lowest Cost of Living in Ohio
#177out of 728 markets
C-
Public School
D
Crime And Safety
B-
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Mansfield, OH.
In Mansfield, OH, short term rentals are regulated by the city's Zoning Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of Mansfield has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing Requirements: Short term rental hosts in Mansfield are required to obtain a Transient Occupancy Registration from the city. This registration must be renewed annually and ensures that the property meets certain safety and health standards.
3. Occupancy Limits: The city of Mansfield has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Taxes: Short term rental hosts in Mansfield are required to collect and remit a Transient Occupancy Tax on each rental transaction. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
5. Noise and Nuisance Regulations: Short term rental hosts in Mansfield are required to adhere to noise and nuisance regulations to ensure that their guests do not disturb neighbors. Investors should be aware of these regulations and take steps to mitigate any potential issues.
Overall, investors looking to purchase a property for short term rental purposes in Mansfield, OH should familiarize themselves with the city's regulations and ensure that they are in compliance with all applicable laws. Failure to do so could result in fines or other penalties that could impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for Mansfield, OH, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Mansfield, OH.
The LTR Genie Score of Mansfield, OH is 77 and STR Genie Score is 65, indicating a moderate to high potential for both long-term rental and short-term rental investments. The LTR Rentability is moderate, suggesting a stable demand for long-term rentals in the area. The LTR Net ROI of 38.41% is relatively high, indicating a good return on investment for long-term rental properties. On the other hand, the STR Net ROI of 56.71% is even higher, suggesting that short-term rental properties may offer a better return in Mansfield.
The 1-Year Price Appreciation Forecast of 5.14% indicates a positive outlook for property values in Mansfield, further supporting the attractiveness of real estate investments in the area. However, the STR Occupancy rate of 47.06% may be a concern for short-term rental investors, as it suggests a lower demand for short-term rentals compared to long-term rentals.
Overall, Mansfield, OH appears to be a promising market for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this market. It is recommended to conduct further market research and analysis to make informed investment decisions in Mansfield, OH.
Mansfield, OH is a city located in Richland County, known for its historic architecture, cultural attractions, and outdoor recreational opportunities. The city offers a mix of urban amenities and a suburban feel, making it an attractive location for real estate investors looking to capitalize on the growing demand for rental properties in the area.
LTR Genie Score 93
$29,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,728 sqft.🏠 SINGLE FAMILY
