Mason City, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mason City Neighborhoods Since 2000




Mason City, IL 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 Q1 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 2,180 people, 1,064 houses or apartments, and a median cost of homes of $74,892, house prices in Mason City are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Mason City, accounting for 76.59% of the city's housing units. Other types of housing that are prevalent in Mason City include duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), mobile homes or trailers ( 7.86%), and a few large apartment complexes or high rise apartments ( 5.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mason City. Owner-occupied housing accounts for 67.53% of Mason City's homes, and 55.32% have either three or four bedrooms, which is average sized relative to America.

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 37.53% of the city's housing hails from this era. Other housing ages represented in Mason City include homes built before 1939 ( 33.51%) and housing constructed between 1970-1999 ( 26.81%). There's also some housing in Mason City built between 2000 and later ( 2.14%).

Mason City Home Appreciation Rates

Real estate appreciation rates in Mason City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Over the last year, Mason City appreciation rates have trailed the rest of the nation. In the last twelve months, Mason City's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mason City were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Mason City's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$74,892

Mason City, IL HOME PRICES

Value Range
> $1,041,000 0.0
$780,001 - $1,041,000 0.0
$520,001 - $780,000 0.5
$416,001 - $520,000 0.0
$312,001 - $416,000 0.0
$208,001 - $312,000 2.0
$104,001 - $208,000 22.7
$52,001 - $104,000 47.6
$0 - $52,000 27.1

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
93.220438298371 92.4050632911392

Number Of Homes And Apartments:
1,064

Mason City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.66% 1.38% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 67.53
Renters 32.47
Vacant 4.92

Housing Market Details

 

Age of Homes

AGE OF Mason City HOMES
2000 or Newer 2.1
1970 - 1999 26.8
1940 - 1969 37.5
1939 or Older 33.5

Types of Homes

TYPE OF Mason City HOMES
Single-Family 76.6
Townhomes 2.3
Small Apt. Buildings 8.0
Apt. Complexes 5.3
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Mason City HOMES
No Bedroom 0.63
1 Bedroom 12.60
2 Bedrooms 28.06
3 Bedrooms 43.25
4 Bedrooms 12.06
5 or more bedrooms 3.40

Popular Neighborhoods in Mason City

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Zip Codes in Mason City, IL