Real Estate Investing in Mattoon, Illinois
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Mattoon, IL? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Mattoon, IL?
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Market Trends — Mattoon, IL
Home Value History
Rent History
Investing in Mattoon Real Estate
Mattoon in Illinois is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Mattoon is in that category.
decisively Mattoon's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.
Demographics in Mattoon show real pressure — median income of $N/AK is modest relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Charleston-Mattoon, IL
Mattoon is part of this metro. Every ZIP in it, ranked. Free.
Landlord Ground Truth
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🎓 Colleges & Universities in Mattoon
Investor Insight: With 1,808 students living off-campus, Mattoon has substantial rental demand from the college population — typically stable, lease-renewing tenants.
ZIP Codes in Mattoon, IL
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View PlansFrequently Asked Questions About Mattoon, IL
What are rental rates like in Mattoon, IL?
Mattoon, IL rentals go for roughly $907/mo a month. That puts gross yield in solid territory relative to $130K acquisition costs.
Is it easy to find good tenants in Mattoon, IL?
Tenant quality in Mattoon, IL ranks as solid. Landlords generally report measured occupancy at market rents of $907/mo.
Does Mattoon, IL make sense for an investment property?
Mattoon, IL posts an investability rating of 3.0/5, with median home values near $130K and average rents around $907/mo. That combination puts it in the impressive tier for investor interest.
What type of investing works in Mattoon, IL?
Most investors in Mattoon, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is vacancy a concern in Mattoon, IL?
Mattoon, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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