Mason, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mason Neighborhoods Since 2000




Mason, OH 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 Housing Market Information

With 32,662 people, 11,377 houses or apartments, and a median cost of homes of $217,312, 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 67.07% of the city's housing units. Other types of housing that are prevalent in Mason include row houses and other attached homes ( 16.50%), large apartment complexes or high rise apartments ( 10.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.43%).

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 81.34% of Mason's homes, and 67.55% 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 ( 27.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.65%). There's also some housing in Mason built before 1939 ( 3.17%).

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 4.09%, which ranks in the top 50% nationwide. This equates to an annual average Mason house appreciation rate of 0.40%.

NeighborhoodScout's data show that during the latest twelve months, Mason's appreciation rate, at 3.92%, has been at or slightly above the national average. In the latest quarter, Mason's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Ohio, our data show that Mason's latest annual appreciation rate is higher than 60% 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:
$217,312

Mason, OH HOME PRICES

Value Range
> $1,121,000 1.5
$841,001 - $1,121,000 2.0
$561,001 - $841,000 5.5
$449,001 - $561,000 5.7
$336,001 - $449,000 17.7
$224,001 - $336,000 21.4
$112,001 - $224,000 36.8
$56,001 - $112,000 6.4
$0 - $56,000 2.9

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
28.2315715457635 11.1548556430446

Number Of Homes And Apartments:
11,377

Mason Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
26.27% 1.36% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,202 / per month

Homeownership Rate

Homeownership
Owners 81.34
Renters 18.66
Vacant 4.10

Housing Market Details

 

Age of Homes

AGE OF Mason HOMES
2000 or Newer 27.6
1970 - 1999 58.5
1940 - 1969 10.7
1939 or Older 3.2

Types of Homes

TYPE OF Mason HOMES
Single-Family 67.1
Townhomes 16.5
Small Apt. Buildings 4.4
Apt. Complexes 10.4
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Mason HOMES
No Bedroom 0.72
1 Bedroom 5.77
2 Bedrooms 20.79
3 Bedrooms 32.09
4 Bedrooms 35.45
5 or more bedrooms 5.18