Market Overview
Home Prices in Mason, IL
The median home value in Mason, IL is $199,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mason are priced51% below average. Mason is part of the Effingham, IL metro area.
Over the past five years, Mason home values have risen by approximately13.4%, reflecting steady appreciation in this market.
Price History
Mason Home Price Trend
2021
$176,230
$176K
—
2022
$203,385
$203K
+15.4%
2023
$200,618
$201K
-1.4%
2024
$195,950
$196K
-2.3%
2025
$191,772
$192K
-2.1%
2026
$199,916
$200K
+4.2%
City Comparison
Mason vs. National Median
🏠 Mason
$199,916
National Median
$410,000
At $199,916, homes in Mason cost 51% below the national median of $410,000. This makes Mason a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mason?
20% Down Payment
$39,983
on $199,916
Monthly P&I
$1,043/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,325/mo
incl. taxes & insurance
Income Needed
$53,000
gross annual (30% rule)
10% Down Option
$19,992
+ PMI applies
Loan Amount (20% dn)
$159,933
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mason, IL?
The median home value in Mason is $199,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Mason?
Over the past year, home values in Mason have increased by 4.2%. Over five years, prices have risen approximately 13.4%.
How much do I need to earn to buy a home in Mason?
To comfortably afford the median home price of $199,916 with a 20% down payment ($39,983) at today's rates (6.8%), you'd need a gross annual income of approximately $53,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Mason compare to the national average home price?
The national median home value is approximately $410,000. At $199,916, homes in Mason are 51% below the national average.
What metro area is Mason part of?
Mason is part of the Effingham, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.