Housing in Mattoon
Mattoon's housing market is genuinely, substantially cheaper than the Illinois statewide average, reflecting the city's real, sourced multi-decade population decline.
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Learn moreA genuinely low median property value
Mattoon's median property value was $97,700 in 2024 (Data USA) -- well below both Illinois's statewide average and Coles County's own broader $127,400 figure for the same year.
A market shaped by the city's real population decline
Mattoon's genuinely low home prices track its real, sourced population decline from an 18,553-resident 2010 peak to a 2026 projected 16,476 -- buyers should weigh this real demand context alongside the low purchase price itself.
A real property tax rate to factor into total ownership cost
Mattoon's effective property tax rate (2.27%) matches the Coles County average but runs above Illinois's own statewide average -- the average Mattoon homeowner pays $2,373 annually. Confirm your specific property's actual tax bill directly with the Coles County Assessor.
Key takeaways
- Median property value ($97,700, 2024) runs well below Illinois's statewide average.
- Low prices track Mattoon's real, sourced population decline since its 2010 peak.
- The effective property tax rate (2.27%) matches the county average but runs above Illinois's statewide figure.
- Mattoon's housing is genuinely, substantially cheaper than the Illinois statewide average.
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