Mason appreciation rates and housing market information

Mason housing market information

With a population of 1,057, 227 total housing units (homes and apartments), and a median house value of $106,941, house prices in Mason are solidly below the national average.

single-family detached homes are the single most common housing type in Mason, accounting for 81.49% of the town's housing units. Other types of housing that are prevalent in Mason include mobile homes or trailers (15.42%), duplexes, homes converted to apartments, or other small apartment buildings (2.20%), and a few row houses and other attached homes (0.88%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mason. Owner-occupied housing accounts for 74.89% of Mason's homes, and 62.56% have either three or four bedrooms, which is average sized relative to America.

Mason homes and real estate are some of the newest in America. 35.24% of Mason's housing was built since 1995, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mason real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (30.84%), and 1940-1969 (24.23%).

Mason home appreciation rates

In the last 10 years, Mason has experienced some of the highest home appreciation rates of any community in the nation. Mason real estate appreciated 135.98% over the last ten years, which is an average annual home appreciation rate of 13.59%, putting Mason in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mason definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mason that despite a nationwide downturn in the housing market, Mason real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mason appreciation rates continue to be some of the highest in America, at 9.72%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mason. Mason appreciation rates in the latest quarter were at 4.09%, which equates to an annual appreciation rate of 16.36%.

Importantly, this makes Mason one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Tennessee, our data show that Mason's latest annual appreciation rate is higher than 97% of the other cities and towns in Tennessee.