Matteson, IL 60443 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Matteson, IL—60443

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$271,000

5.1% YoY Growth

Household Income

$93,900

27.7% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$2,200

10.7% YoY Growth

1-Bed Rent

$1,220

25.0% YoY Growth

2-Bed Rent

$1,820

12.6% YoY Growth

3-Bed Rent

$2,200

2.6% YoY Growth

Home Price Trends — Matteson, IL

As of May '26, the median home price in Matteson, IL is $271,000, with a year-over-year change of 5.1%. This indicates that home prices in Matteson, IL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$271,000	5.1%
Single Family	$277,000	4.9%
Condos	$192,000	2.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Matteson, IL

As of July '25, Rentcast reports the average rent in Matteson, IL is $2,380, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Matteson, IL is 1-bedrooms: $1,250, 2-bedrooms: $1,960, 3-bedrooms: $2,340, 4-bedrooms: $3,480. The most common rental property sizes in Matteson, IL are 3-bedroom and 2-bedroom, accounting for 43.6% and 25.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,380
Studio Rent	N/A	N/A
1 Bed Rent	$1,220	$1,250
2 Bed Rent	$1,820	$1,960
3 Bed Rent	$2,200	$2,340
4 Bed Rent	$3,060	$3,480

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% of Rental Stock

1 Bedroom

19.2%

2 Bedrooms

25.5%

3 Bedrooms

43.6%

4 Bedrooms

11.7%

Property Listings — Matteson, IL

As of May '26, Realtor.com reports that the median days on market for a home in Matteson, IL is 63. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$264,000	1.0%
Listing Count	97	22.0%
Listings as % of Homes	0.8%	22.0%
Days on Market	63	39.0%

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Demographics — Matteson, IL

As of the latest ACS Survey released in 2023, Matteson, IL has a population of 20,600, which has decreased by -4.4% over the past 5 years. Matteson, IL is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,600	-4.4%
% Under 18	21.5%	7.0%
% Seniors	18.1%	13.1%
% WFH	18.4%	139.0%
% w/ College Degree	38.0%	12.1%

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As of the latest ACS Survey released in 2023, Matteson, IL is a predominantly black area, with 72.2% of the population identifying as black. The black population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Matteson, IL is white, making up 17.9% of the population. Foreign-born residents account for 4.1% of the population in Matteson, IL, and this percentage has increased by 7.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	17.9%	2.3%
% Black	72.2%	-2.2%
% Hispanic	5.4%	5.9%
% Asian	1.2%	-20.0%
% Foreign Born	4.1%	7.9%

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Mortgage and Risk — Matteson, IL

According to HUD data as of 2023, there were 335 mortgage originations in Matteson, IL, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Matteson, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	335
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Matteson, IL

As of 2024, the percent of homes in Matteson, IL under the Section 8 program is 18.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Matteson, IL, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	575
Total Units Section 8	424
% Rentals under Section 8	18.9%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$530	$1,220	$1,750
2 Bedroom	$160	$1,820	$1,980
3 Bedroom	$340	$2,200	$2,540
4 Bedroom	-$70	$3,060	$2,990

Matteson, IL—60443

Key Metrics at a Glance

Home Price Trends — Matteson, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Matteson, IL

% of Rental Stock

Property Listings — Matteson, IL

Demographics — Matteson, IL

Race and Ethnicity

Mortgage and Risk — Matteson, IL

Mortgages

Rentals and Section 8 — Matteson, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Matteson, IL

Home Price to Income Ratio

Matteson, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Richton Park, IL

Country Club Hills, IL

Olympia Fields, IL

Park Forest, IL

Flossmoor, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$271,000
Median Household Income	$93,900

Matteson, IL—60443

Key Metrics at a Glance

Home Price Trends — Matteson, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Matteson, IL

% of Rental Stock

Property Listings — Matteson, IL

Demographics — Matteson, IL

Race and Ethnicity

Mortgage and Risk — Matteson, IL

Mortgages

Rentals and Section 8 — Matteson, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Matteson, IL

Home Price to Income Ratio

Matteson, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Richton Park, IL

Country Club Hills, IL

Olympia Fields, IL

Park Forest, IL

Flossmoor, IL

Frequently Asked Questions

What is the average home price in Matteson, IL 60443?

How have home prices in Matteson, IL 60443 changed over the past year?

What is the home price projection for Matteson, IL 60443?

What are the demographics of Matteson, IL 60443?

How long does it take homes to sell in Matteson, IL 60443?

What is the average rent price in Matteson, IL 60443?