Mason, Ohio Housing Market Prices
Mason Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% below the Ohio median$137,500
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Median rent 73% above the Ohio median$1,783
Housing Market Overview
| Metric | Mason | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $139,044 | $248,835 |
| Price Trend (Annual %) | 71.2% | 6.7% | 7.5% |
| Median Gross Rent | $1,783 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mason is about 1% lower than in Ohio. Rent is about 73% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mason, up about 71.2% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Mason rose about 63.8% between 2015 and 2024, from $1,088 to $1,783. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Mason.
Buying the median-priced home in Mason costs roughly 6.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mason. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Mason | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $139,044 | $248,835 |
| Median Household Income | $126,013 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.1 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Mason rose about 31.0%, while median household income rose about 41.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mason | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.8% | 61.7% | 58.5% |
| Rental Rate | 22.2% | 30.1% | 31.2% |
| Vacancy Rate | 3.0% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Mason has a homeownership rate of 74.8%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 3.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Mason | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1994 | 1970 | 1978 |
| Median Number of Rooms | 7.0 | 5.9 | 5.5 |
The typical housing unit in Mason was built around 1994. On average, 2.6 people live in a home with about 7.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mason, Ohio.
What is the median home price in Mason, Ohio?
The median home price in Mason, Ohio is $137,500, lower than the Ohio average of $139,044.
What is the average home price in Mason, Ohio?
The typical home price in Mason, Ohio, reported as the median sale price, is $137,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mason, Ohio?
The median gross rent in Mason, Ohio is $1,783 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Mason in 2020?
In 2020, the median gross rent in Mason, Ohio was $1,387 per month.
What is the price-to-rent ratio in Mason, Ohio?
The price-to-rent ratio in Mason, Ohio is about 6.4, meaning it would take roughly 6.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mason.
Are home prices or rent rising faster in Mason, Ohio?
Both home prices and rent are rising in Mason, up about 71.2% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mason, Ohio?
74.8% of households in Mason, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Mason, Ohio?
The housing vacancy rate in Mason, Ohio is 3.0%, lower than the Ohio average of 8.1%.
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