Masterton is a suburb which lies within the Territorial Authority of Masterton, one of 23 residential suburbs which form the wider region. Masterton is the largest suburb of Masterton in terms of the total number of residential housing stock. Masterton provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1960 - 1969. Residential housing stock in Masterton is made up of approximately 89% residential housing , 2% residential investment housing and 8% lifestyle properties.