Mason, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mason Neighborhoods Since 2000




Mason, TN 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 1,597 people, 380 houses or apartments, and a median cost of homes of $96,979, house prices in Mason are solidly below the national average.

Single-family detached homes are the single most common housing type in Mason, accounting for 74.28% of the town's housing units. Other types of housing that are prevalent in Mason include mobile homes or trailers ( 14.42%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%).

The most prevalent building size and type in Mason are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.53% owning and 50.47% renting.

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 ( 19.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.35%). There's also some housing in Mason built before 1939 ( 13.46%).

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 1.46%, which ranks in the top 50% nationwide. This equates to an annual average Mason house appreciation rate of 0.14%.

NeighborhoodScout's data show that during the latest twelve months, Mason's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Mason's appreciation rate has been 0.35%, which annualizes to a rate of 1.41%.

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

Average Home Values

 

Median Home Value:
$96,979

Mason, TN HOME PRICES

Value Range
> $1,116,000 0.5
$837,001 - $1,116,000 0.7
$558,001 - $837,000 0.0
$446,001 - $558,000 0.0
$334,001 - $446,000 8.2
$223,001 - $334,000 4.3
$111,001 - $223,000 24.1
$56,001 - $111,000 48.3
$0 - $56,000 13.9

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
79.5499824211883 78.5714285714286

Number Of Homes And Apartments:
380

Mason Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
24.98% 1.30% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 49.53
Renters 50.47
Vacant 8.65

Housing Market Details

 

Age of Homes

AGE OF Mason HOMES
2000 or Newer 19.5
1970 - 1999 50.7
1940 - 1969 16.3
1939 or Older 13.5

Types of Homes

TYPE OF Mason HOMES
Single-Family 74.3
Townhomes 0.0
Small Apt. Buildings 11.3
Apt. Complexes 0.0
Mobile Homes 14.4
Other 0.0

Home Size

SIZE OF Mason HOMES
No Bedroom 0.00
1 Bedroom 1.68
2 Bedrooms 13.70
3 Bedrooms 76.20
4 Bedrooms 7.21
5 or more bedrooms 1.20

Popular Neighborhoods in Mason

Zip Codes in Mason, TN