Mason, OH Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mason, OH Housing Market Trends

With a population of 34,792, 12,470 total housing units (homes and apartments), and a median house value of $385,994, Mason real estate is some of the most expensive in Ohio, although Mason home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mason, accounting for 70.09% of the city's housing units. Other types of housing that are prevalent in Mason include row houses and other attached homes ( 15.36%), large apartment complexes or high rise apartments ( 8.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mason. Owner-occupied housing accounts for 78.19% of Mason's homes, and 59.23% have either three or four bedrooms, which is average sized relative to America.

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 ( 35.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.98%). There's also some housing in Mason built before 1939 ( 2.30%).

Mason Home Appreciation Rates

Real estate appreciation rates in Mason's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.53% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mason's appreciation rate, at 18.06%, has been at or slightly above the national average. In the latest quarter, Mason's appreciation rate has been 7.44%, which annualizes to a rate of 33.23%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mason differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mason - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mason real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$385,994

Mason, OH HOME PRICES

> $1,356,000
$1,017,001 - $1,356,000
$678,001 - $1,017,000
$542,001 - $678,000
$407,001 - $542,000
$271,001 - $407,000
$136,001 - $271,000
$68,001 - $136,000
$0 - $68,000
3.6%
3.6%
3.0%
3.0%
9.6%
9.6%
10.8%
10.8%
18.4%
18.4%
17.8%
17.8%
30.2%
30.2%
5.3%
5.3%
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
12,470

Mason Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
70.43% 2.45%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,108 / per month

Homeownership Rate

Owners
Renters
Vacant
78.2%
78.2%
21.8%
21.8%
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
35.8%
35.8%
53.9%
53.9%
8.0%
8.0%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.1%
70.1%
15.4%
15.4%
5.7%
5.7%
8.1%
8.1%
0.8%
0.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
3.8%
3.8%
20.7%
20.7%
30.4%
30.4%
28.9%
28.9%
15.8%
15.8%
0.0% 100.0%
% OF HOMES