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 4,282 people, 1,586 houses or apartments, and a median cost of homes of $105,436, 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 78.81% 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 ( 13.63%), mobile homes or trailers ( 4.35%), and a few row houses and other attached homes ( 1.88%).
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.
There is a lot of housing in Mathis 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 Mathis built between 1940-1969 ( 39.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.25%). There's also some housing in Mathis built before 1939 ( 3.11%).
Vacant housing appears to be an issue in Mathis. Fully 14.91% 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.
Appreciation rates for homes in Mathis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.76%, which ranks in the top 50% nationwide. This equates to an annual average Mathis house appreciation rate of 6.62%.
NeighborhoodScout's data show that during the latest twelve months, Mathis's appreciation rate, at 7.02%, has been at or slightly above the national average. In the latest quarter, Mathis's appreciation rate has been 5.40%, which annualizes to a rate of 23.42%.
Importantly, this makes Mathis one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
$105,436
for Texas
for nation
1,586
$752 / per month