Cheap Homes in Mattoon, IL

Current Market Conditions in Mattoon, IL

The Mattoon real estate market is currently experiencing steady growth, with an increase in home sales and property values over the past few months. The demand for housing in this area has been buoyed by the reasonable cost of living and the appeal of a tight-knit community lifestyle. Buyers are attracted to Mattoon for its affordability compared to surrounding areas, making it a prime location for first-time homebuyers and families looking for space and value.

Recent trends indicate that homes in Mattoon are selling quickly, particularly well-kept properties with upgraded features. This trend has led to a competitive market where sellers are receiving multiple offers on desirable homes. Investors are also showing interest in the area due to the potential for rental income and long-term appreciation.

Rent Prices In Mattoon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mattoon, IL, is on a rollercoaster ride. The average rent price in Mattoon, IL, is $1,035.00. Indeed, when looking to rent in Mattoon, IL, you can expect to pay as little as $440.00 or as much as $2,300.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Mattoon, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.