Is Mattoon, IL a good place to invest in rental property?

Mattoon, IL has a median modeled monthly cash flow of $-320 and a median cap rate of 3.8%, on a median sold price of $135,000. Prices changed +4.1% year over year.

What is the average cap rate in Mattoon, IL?

The median cap rate across recently sold homes in Mattoon, IL is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mattoon, IL?

The median sold price in Mattoon, IL is $135,000 (about $101 per square foot).

Investing in Mattoon, IL Real Estate

A data-driven snapshot of the Mattoon, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$135,000Median sold price

$101Median $/sqft

3.8%Median cap rate

$-320Modeled cash flow / mo

+4.1%Appreciation YoY

6.1Months of supply

124Active listings

242Sold (last 12 mo)

What the Mattoon numbers say

In Mattoon, IL, the median home sold for $135,000 (about $101 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-320 of monthly cash flow. Sold prices moved +4.1% over the past year. Inventory sits at about 6.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Mattoon cash-flowing listings

CashFlowRE ranks every for-sale home in Mattoon, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mattoon deals, or browse the national market data.