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Mattoon Community Unit School District 2

Learn about the people, housing, costs and businesses in Mattoon Community Unit School District 2, Illinois

Median Home$491,307
Median Rent$1,165/month
Population47,497
Leading IndustriesTransportation · Manufacturing · Professional Services3% transportation
Home Value Growth⬆⬆+14.9% over 2 years
Retirees22% of residentsslightly above average
Homeowners73% of occupied units
NotableHigh Incomes$104k/year · top 12% nationally
Mattoon Community Unit School District 2
IL

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Frequently Asked Questions

What are today's mortgage rates in Mattoon Community Unit School District 2?

As of today, the 30-year fixed mortgage rate for Mattoon Community Unit School District 2 is approximately 6.975% (6.984% 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 Mattoon Community Unit School District 2
What is the median home price in Mattoon Community Unit School District 2?

The median home value in Mattoon Community Unit School District 2 is $491k. The median monthly rent is $1,165. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mattoon Community Unit School District 2?

Home values in Mattoon Community Unit School District 2 have increased 14.9% 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 Mattoon Community Unit School District 2?

Based on a typical all-in ownership cost of $1,682/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mattoon Community Unit School District 2 is $104k/year.

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What industries drive the economy in Mattoon Community Unit School District 2?

The largest employment sectors in Mattoon Community Unit School District 2 are public administration (25%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.