Mason, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mason, OH Real Estate Data


Mason Housing Market Information

With 32,662 people, 11,112 houses or apartments, and a median cost of homes of $269,683, Mason real estate is some of the most expensive in Ohio, although Mason home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mason, accounting for 66.32% of the city's housing units. Other types of housing that are prevalent in Mason include row houses and other attached homes ( 18.47%), large apartment complexes or high rise apartments ( 10.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.57%).

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. Owner-occupied housing accounts for 80.48% of Mason's homes, and 66.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mason built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mason built between 2000 and later ( 27.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.12%). There's also some housing in Mason built before 1939 ( 3.18%).

Mason Home Appreciation Rates

Appreciation rates for homes in Mason have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.80%, which ranks in the top 50% nationwide. This equates to an annual average Mason house appreciation rate of 0.47%.

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 6.13%, which is higher than appreciation rates in 75.85% 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 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to Ohio, our data show that Mason's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mason differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mason - 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 real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$269,683

Mason, OH HOME PRICES

Value Range
> $1,152,000 1.6
$864,001 - $1,152,000 1.8
$576,001 - $864,000 4.5
$461,001 - $576,000 6.4
$345,001 - $461,000 15.8
$230,001 - $345,000 21.7
$115,001 - $230,000 39.2
$58,001 - $115,000 6.2
$0 - $58,000 2.7

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
20.2963049715992 6.2992125984252

Number Of Homes And Apartments:
11,112

Rent & Ownership

 

Average Market Rent:
$1,420 / per month

Homeownership Rate

Homeownership
Owners 80.48
Renters 19.52
Vacant 3.44

Housing Market Details

 

Age of Homes

AGE OF Mason HOMES
2000 or Newer 27.3
1970 - 1999 58.4
1940 - 1969 11.1
1939 or Older 3.2

Types of Homes

TYPE OF Mason HOMES
Single-Family 66.3
Townhomes 18.5
Small Apt. Buildings 4.6
Apt. Complexes 10.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Mason HOMES
No Bedroom 0.28
1 Bedroom 5.60
2 Bedrooms 22.28
3 Bedrooms 31.98
4 Bedrooms 34.64
5 or more bedrooms 5.23

Mason Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.10% 1.42% 9 3
* 10 is highest