Mathis, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mathis Neighborhoods Since 2000




Mathis, 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

Mathis Housing Market Information

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.

Mathis Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$54,264

Mathis, TX HOME PRICES

Value Range
> $1,140,000 0.0
$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

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
98.9394116957694 97.568093385214

Number Of Homes And Apartments:
1,530

Mathis 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
80.45% 3.48% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$660 / per month

Homeownership Rate

Homeownership
Owners 62.72
Renters 37.28
Vacant 12.17

Housing Market Details

 

Age of Homes

AGE OF Mathis HOMES
2000 or Newer 6.5
1970 - 1999 44.3
1940 - 1969 49.3
1939 or Older 0.0

Types of Homes

TYPE OF Mathis HOMES
Single-Family 78.0
Townhomes 0.0
Small Apt. Buildings 9.6
Apt. Complexes 5.7
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Mathis HOMES
No Bedroom 4.31
1 Bedroom 12.28
2 Bedrooms 35.25
3 Bedrooms 41.79
4 Bedrooms 6.03
5 or more bedrooms 0.34

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Zip Codes in Mathis, TX