Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 27,366, 12,688 total housing units (homes and apartments), and a median house value of $123,215, house prices in Mason City are solidly below the national average.
Single-family detached homes are the single most common housing type in Mason City, accounting for 74.68% of the city's housing units. Other types of housing that are prevalent in Mason City include large apartment complexes or high rise apartments ( 14.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.27%), and a few row houses and other attached homes ( 2.90%).
The most prevalent building size and type in Mason City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.77% owning and 36.23% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mason City's housing was primarily built during this period, from the '40s through the '60s. A full 37.89% of the city's housing hails from this era. Other housing ages represented in Mason City include homes built before 1939 ( 31.72%) and housing constructed between 1970-1999 ( 24.07%). There's also some housing in Mason City built between 2000 and later ( 6.32%).
Appreciation rates for homes in Mason City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.15%, which ranks in the top 40% nationwide. This equates to an annual average Mason City house appreciation rate of 0.69%.
NeighborhoodScout's data show that during the latest twelve months, Mason City's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, Mason City's appreciation rate has been 0.49%, which annualizes to a rate of 1.97%.
Notably, Mason City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Mason City's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mason City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mason City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mason City real estate investment or home purchase decisions.
|$818,001 - $1,091,000||0.0|
|$545,001 - $818,000||0.2|
|$436,001 - $545,000||1.3|
|$327,001 - $436,000||2.8|
|$218,001 - $327,000||9.2|
|$109,001 - $218,000||36.9|
|$55,001 - $109,000||39.4|
|$0 - $55,000||10.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Mason City HOMES|
|2000 or Newer||6.3|
|1970 - 1999||24.1|
|1940 - 1969||37.9|
|1939 or Older||31.7|
|TYPE OF Mason City HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Mason City HOMES|
|5 or more bedrooms||2.91|