Market Overview
Home Prices in Matherville, IL
The median home value in Matherville, IL is $129,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.3% compared to a year ago and up 9.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Matherville are priced68% below average. Matherville is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Matherville home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Matherville Home Price Trend
City Comparison
Matherville vs. National Median
At $129,691, homes in Matherville cost 68% below the national median of $410,000. This makes Matherville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Matherville?
20% Down Payment
$25,938
on $129,691
Monthly P&I
$676/mo
30-yr @ 6.8%
Total Monthly Est.
~$859/mo
incl. taxes & insurance
Income Needed
$34,360
gross annual (30% rule)
10% Down Option
$12,969
+ PMI applies
Loan Amount (20% dn)
$103,753
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 Matherville, IL?
The median home value in Matherville is $129,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.3% year-over-year.
How much have home prices changed in Matherville?
Over the past year, home values in Matherville have increased by 10.3%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Matherville?
To comfortably afford the median home price of $129,691 with a 20% down payment ($25,938) at today's rates (6.8%), you'd need a gross annual income of approximately $34,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Matherville compare to the national average home price?
The national median home value is approximately $410,000. At $129,691, homes in Matherville are 68% below the national average.
What metro area is Matherville part of?
Matherville is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.