Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Matherville

Learn about the people, housing, costs and businesses in Matherville, Illinois

Median Home$197,700
Median Rent$839/month
Population698
Leading IndustriesWholesale Trade · Transportation · Construction12% wholesale trade
Home Value Growth⬆⬆+20.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners92% of occupied units
NotableTransit89/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Matherville
IL

Frequently Asked Questions

What are today's mortgage rates in Matherville?

As of today, the 30-year fixed mortgage rate for Matherville is approximately 6.953% (6.964% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Matherville
What is the median home price in Matherville?

The median home value in Matherville is $198k. The median monthly rent is $839. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Matherville?

Home values in Matherville have increased 20.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Matherville?

Based on a typical all-in ownership cost of $1,105/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Matherville is $91k/year.

Calculate your buying power
What industries drive the economy in Matherville?

The largest employment sectors in Matherville are public administration (24%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.