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These days, finding an affordable place to live in the Mattoon area can be challenging. Home prices in Mattoon are now at a median cost of $124,538, lower than the Illinois average of $300,242.
The average cost of rent is $784/mo in Mattoon, primarily driven by the current value of real estate in the Mattoon area. In Mattoon, 39.31% of households rent, and 50.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mattoon is $5,056 per month. Households that rent pay about 15.50% of their income on rent here. Mattoon’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Magnet, IL: higher priced homes
- Paradise, IL: higher priced homes
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- Trilla, IL: higher priced homes
- Humboldt, IL: higher priced homes
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- Allenville, IL: higher priced homes
- Charleston, IL: higher priced homes
Cities with Similar Populations
- Center Point, AL: higher priced homes
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- Cherry Hill, NJ: higher priced homes
- Cheney, WA: higher priced homes
- Wildwood, FL: higher priced homes
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