Mason, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mason Neighborhoods Since 2000




Mason, TX 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 2,139 people, 813 houses or apartments, and a median cost of homes of $116,017, 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 74.31% of the city's housing units. Other types of housing that are prevalent in Mason include mobile homes or trailers ( 15.41%), large apartment complexes or high rise apartments ( 5.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.24%).

Dwellings in Mason tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 62.42% of the homes in Mason have two or fewer bedrooms.

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 before 1939 ( 31.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.88%). There's also some housing in Mason built between 2000 and later ( 9.51%).

Vacant housing appears to be an issue in Mason. Fully 22.65% of the housing stock is classified as vacant. Left unchecked, vacant Mason homes and apartments can be a drag on the real estate market, holding Mason real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mason Home Appreciation Rates

In the last 10 years, Mason has experienced some of the highest home appreciation rates of any community in the nation. Mason real estate appreciated 25.71% over the last ten years, which is an average annual home appreciation rate of 2.31%, putting Mason in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mason definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Mason's appreciation rate, at 4.74%, has been at or slightly above the national average. In the latest quarter, Mason's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$116,017

Mason, TX HOME PRICES

Value Range
> $1,134,000 0.1
$850,001 - $1,134,000 0.0
$567,001 - $850,000 0.2
$454,001 - $567,000 3.6
$340,001 - $454,000 0.3
$227,001 - $340,000 12.7
$114,001 - $227,000 34.7
$57,001 - $114,000 33.4
$0 - $57,000 14.9

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
67.7194421657096 51.8482490272374

Number Of Homes And Apartments:
813

Mason Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
91.22% 3.83% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,084 / per month

Homeownership Rate

Homeownership
Owners 75.16
Renters 24.84
Vacant 22.65

Housing Market Details

 

Age of Homes

AGE OF Mason HOMES
2000 or Newer 9.5
1970 - 1999 33.4
1940 - 1969 25.9
1939 or Older 31.2

Types of Homes

TYPE OF Mason HOMES
Single-Family 74.3
Townhomes 1.4
Small Apt. Buildings 3.2
Apt. Complexes 5.6
Mobile Homes 15.4
Other 0.0

Home Size

SIZE OF Mason HOMES
No Bedroom 0.00
1 Bedroom 16.46
2 Bedrooms 45.96
3 Bedrooms 32.92
4 Bedrooms 4.66
5 or more bedrooms 0.00

Popular Neighborhoods in Mason

Popular Communities Near Mason, TX

Zip Codes in Mason, TX