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Mason city, OH

ZIP 45040 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45040

Median Home Value
$403,700
Median Rent
$1,561
Affordability Snapshot
$111,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,593/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45040 in Mason city, OH, a household would need roughly $111,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,593. That sits below the local median household income ($131,803), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.5%+20% vs US avg
x
Vacancy Rate
3.0%-70% vs US avg
x
Broadband Access
97.3%+12% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
9.7%-81% vs US avg
x
Mortgage-Free
30.2%-21% vs US avg
x
$403,700
Home Value
$1,561
Rent
1997
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.4%
  • 1-unit attached12.8%
  • 2-9 units10.2%
  • 10+ units6.7%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$403,700
Median rent$1,561
Owner-occupied78.5%
Vacant3.0%
Price-to-income3.1x
Est. income to buy$111,000