Mathis, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mathis, TX Real Estate Data


Mathis Housing Market Information

With 5,037 people, 1,553 houses or apartments, and a median cost of homes of $60,134, 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 76.17% of the city's housing units. Other types of housing that are prevalent in Mathis include mobile homes or trailers ( 9.98%), duplexes, homes converted to apartments or other small apartment buildings ( 8.88%), and a few large apartment complexes or high rise apartments ( 4.96%).

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 49.42% of the city's housing hails from this era. Other housing ages represented in Mathis include homes built between 1970-1999 ( 42.03%) and housing constructed between 2000 and later ( 7.45%). There's also some housing in Mathis built before 1939 ( 1.10%).

Vacant housing appears to be an issue in Mathis. Fully 14.34% 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 46.88% over the last ten years, which is an average annual home appreciation rate of 3.92%, 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.

Appreciation rates are so strong in Mathis that despite a nationwide downturn in the housing market, Mathis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mathis appreciation rates continue to be some of the highest in America, at 11.86%, which is higher than appreciation rates in 99.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mathis. Mathis appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Mathis's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$60,134

Mathis, TX HOME PRICES

Value Range
> $1,294,000 0.0
$971,001 - $1,294,000 0.0
$647,001 - $971,000 0.0
$518,001 - $647,000 0.0
$388,001 - $518,000 0.0
$259,001 - $388,000 0.9
$129,001 - $259,000 13.0
$64,001 - $129,000 29.0
$0 - $64,000 57.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
98.2022603501786 96.6019417475728

Number Of Homes And Apartments:
1,553

Rent & Ownership

 

Average Market Rent:
$482 / per month

Homeownership Rate

Homeownership
Owners 62.46
Renters 37.54
Vacant 14.34

Housing Market Details

 

Age of Homes

AGE OF Mathis HOMES
2000 or Newer 7.4
1970 - 1999 42.0
1940 - 1969 49.4
1939 or Older 1.1

Types of Homes

TYPE OF Mathis HOMES
Single-Family 76.2
Townhomes 0.0
Small Apt. Buildings 8.9
Apt. Complexes 5.0
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Mathis HOMES
No Bedroom 4.85
1 Bedroom 15.77
2 Bedrooms 36.24
3 Bedrooms 37.56
4 Bedrooms 5.13
5 or more bedrooms 0.44

Mathis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
97.09% 4.07% 9 10
* 10 is highest

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Zip Codes in Mathis, TX