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 about Scout's Real Estate Data
With a population of 26,924, 12,728 total housing units (homes and apartments), and a median house value of $179,852, house prices in Mason City are solidly below the national average.
Single-family detached homes are the single most common housing type in Mason City, accounting for 75.48% of the city's housing units. Other types of housing that are prevalent in Mason City include large apartment complexes or high rise apartments ( 12.21%), duplexes, homes converted to apartments or other small apartment buildings ( 6.73%), and a few row houses and other attached homes ( 3.58%).
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 City. Owner-occupied housing accounts for 65.92% of Mason City's homes, and 51.12% have either three or four bedrooms, which is average sized relative to America.
The housing in Mason City was primarily built before 1939 ( 33.58%), making the housing stock in Mason City some of the oldest overall in America, although there is a range of ages of homes in Mason City. The next most important housing age is between 1940-1969 ( 33.56%), followed by between 1970-1999 ( 24.84%). There's also some housing in Mason City built between 2000 and later ( 8.02%).
Mason City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mason City during the period has been just 4.74%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Mason City's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Mason City's appreciation rate has been 2.03%, which annualizes to a rate of 8.38%.
Relative to Iowa, our data show that Mason City's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mason City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mason City - 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 City real estate investment or home purchase decisions.
$179,852
for Iowa
for nation
12,728
$1,255 / per month