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Matteson

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

Median Home$217,617
Median Rent$1,373/month
Population18,226
Leading IndustriesFinance & Insurance · Information & Media · Professional Services10% finance & insurance
Home Value Growth⬆⬆+13.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners77% of occupied units
NotableTransit86/100 · excellent transit access
NotableAmenity Score73/100 · highly walkable area
Matteson
IL

Frequently Asked Questions

What are today's mortgage rates in Matteson?

As of today, the 30-year fixed mortgage rate for Matteson is approximately 7.066% (7.077% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Matteson?

The median home value in Matteson is $218k. The median monthly rent is $1,373. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Matteson?

Home values in Matteson have increased 13.9% 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 Matteson?

Based on a typical all-in ownership cost of $1,650/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Matteson is $90k/year.

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What industries drive the economy in Matteson?

The largest employment sectors in Matteson are public administration (26%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.