Mason City, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mason City Neighborhoods Since 2000




Mason City, IA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mason City Housing Market Information

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%).

Mason City Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$123,215

Mason City, IA HOME PRICES

Value Range
> $1,091,000 0.0
$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

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
64.7637449499385 52.0987654320988

Number Of Homes And Apartments:
12,688

Mason City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
30.48% 1.53% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 63.77
Renters 36.23
Vacant 6.22

Housing Market Details

 

Age of Homes

AGE OF Mason City HOMES
2000 or Newer 6.3
1970 - 1999 24.1
1940 - 1969 37.9
1939 or Older 31.7

Types of Homes

TYPE OF Mason City HOMES
Single-Family 74.7
Townhomes 2.9
Small Apt. Buildings 6.3
Apt. Complexes 14.4
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Mason City HOMES
No Bedroom 1.59
1 Bedroom 14.55
2 Bedrooms 31.06
3 Bedrooms 37.17
4 Bedrooms 12.72
5 or more bedrooms 2.91