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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 5,037, 1,530 total housing units (homes and apartments), and a median house value of $54,264, house prices in Mathis are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Mathis, accounting for 77.96% of the city's housing units. Other types of housing that are prevalent in Mathis include duplexes, homes converted to apartments or other small apartment buildings ( 9.59%), mobile homes or trailers ( 6.77%), and a few large apartment complexes or high rise apartments ( 5.68%).
People in Mathis primarily live in small (one, two or no bedroom) single-family detached homes. Mathis has a mixture of owner-occupied and renter-occupied housing.
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. Mathis's housing was primarily built during this period, from the '40s through the '60s. A full 49.25% of the city's housing hails from this era. Other housing ages represented in Mathis include homes built between 1970-1999 ( 44.26%) and housing constructed between 2000 and later ( 6.49%).
Vacant housing appears to be an issue in Mathis. Fully 12.17% of the housing stock is classified as vacant. Left unchecked, vacant Mathis homes and apartments can be a drag on the real estate market, holding Mathis 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.
In the last 10 years, Mathis has experienced some of the highest home appreciation rates of any community in the nation. Mathis real estate appreciated 32.92% over the last ten years, which is an average annual home appreciation rate of 2.89%, putting Mathis in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mathis definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Mathis appreciation rates have trailed the rest of the nation. In the last twelve months, Mathis's appreciation rate has been 0.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mathis were at -4.66%, which equates to an annual appreciation rate of -17.38%.
Notably, Mathis's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Mathis's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
|$855,001 - $1,140,000||0.0|
|$570,001 - $855,000||0.0|
|$456,001 - $570,000||0.0|
|$342,001 - $456,000||0.0|
|$228,001 - $342,000||0.9|
|$114,001 - $228,000||14.0|
|$57,001 - $114,000||30.3|
|$0 - $57,000||54.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mathis HOMES|
|2000 or Newer||6.5|
|1970 - 1999||44.3|
|1940 - 1969||49.3|
|1939 or Older||0.0|
|TYPE OF Mathis HOMES|
|Small Apt. Buildings||9.6|
|SIZE OF Mathis HOMES|
|5 or more bedrooms||0.34|