Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mason County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,181 | $248,418 | $242,182 |
| Price Trend (Annual %) | 220.7% | 9.9% | 8.2% |
| Median Gross Rent | $751 | $1,338 | $1,342 |
| Rent Trend (Annual %) | -0.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mason County is about 36% higher than in Texas. Rent is about 44% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Mason County: home prices rose about 220.7% a year while rent fell about 0.9% a year. That is an unusual pattern worth watching.
Median rent in Mason County rose about 0.8% between 2015 and 2023, from $745 to $751. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Mason County.
Buying the median-priced home in Mason County costs roughly 37.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mason County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Mason County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,181 | $248,418 | $242,182 |
| Median Household Income | $69,166 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Mason County rose about 57.3%, while median household income rose about 90.0% between 2009 and 2023 — 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 County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.8% | 56.5% | 58.2% |
| Rental Rate | 15.5% | 33.8% | 31.3% |
| Vacancy Rate | 35.7% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Mason County has a homeownership rate of 48.8%, lower than the Texas average of 56.5%. Its housing vacancy rate is 35.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Mason County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1975 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Mason County was built around 1975. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mason County, Texas.
What is the median home price in Mason County, Texas?
The median home price in Mason County, Texas is $338,181, higher than the Texas average of $248,418.
What is the average home price in Mason County, Texas?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Texas?
The median gross rent in Mason County, Texas is $751 per month, lower than the Texas average of $1,338.
What was the median gross rent in Mason County in 2020?
In 2020, the median gross rent in Mason County, Texas was $740 per month.
What is the price-to-rent ratio in Mason County, Texas?
The price-to-rent ratio in Mason County, Texas is about 37.5, meaning it would take roughly 37.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Mason County.
Are home prices or rent rising faster in Mason County, Texas?
Home prices and rent are moving in opposite directions in Mason County: home prices rose about 220.7% a year while rent fell about 0.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mason County, Texas?
48.8% of households in Mason County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Mason County, Texas?
The housing vacancy rate in Mason County, Texas is 35.7%, higher than the Texas average of 9.6%.