Market Overview
Home Prices in Mattoon, IL
The median home value in Mattoon, IL is $125,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mattoon are priced69% below average. Mattoon is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Mattoon home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Mattoon Home Price Trend
City Comparison
Mattoon vs. National Median
At $125,401, homes in Mattoon cost 69% below the national median of $410,000. This makes Mattoon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mattoon?
20% Down Payment
$25,080
on $125,401
Monthly P&I
$654/mo
30-yr @ 6.8%
Total Monthly Est.
~$831/mo
incl. taxes & insurance
Income Needed
$33,240
gross annual (30% rule)
10% Down Option
$12,540
+ PMI applies
Loan Amount (20% dn)
$100,321
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 Mattoon, IL?
The median home value in Mattoon is $125,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Mattoon?
Over the past year, home values in Mattoon have increased by 4.4%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Mattoon?
To comfortably afford the median home price of $125,401 with a 20% down payment ($25,080) at today's rates (6.8%), you'd need a gross annual income of approximately $33,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Mattoon compare to the national average home price?
The national median home value is approximately $410,000. At $125,401, homes in Mattoon are 69% below the national average.
What metro area is Mattoon part of?
Mattoon is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.