The Most Affordable Neighborhoods in Mason City, IL by Home Value

These days, finding an affordable place to live in the Mason City area can be challenging. Home prices in Mason City are now at a median cost of $95,492, lower than the Illinois average of $300,242.

The average cost of rent is $756/mo in Mason City, primarily driven by the current value of real estate in the Mason City area. In Mason City, 20.08% of households rent, and 49.29% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mason City is $5,291 per month. Households that rent pay about 14.29% of their income on rent here. Mason City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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