Mason, IL—62443
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mason, IL
As of Oct '25, the median home price in Mason, IL is $184,000, with a year-over-year change of -2.3%. This indicates that home prices in Mason, IL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | -2.3% |
| Single Family | $184,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $185,000 | -3.1% |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mason, IL
Mason, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mason, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mason, IL is 58. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 17.0% |
Listing Count | 4 | -29.0% |
| Listings as % of Homes | 0.1% | -29.0% |
Days on Market | 58 | -9.0% |
Demographics — Mason, IL
As of the latest ACS Survey released in 2023, Mason, IL has a population of 1,770, which has increased by 5.5% over the past 5 years. Mason, IL is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,770 | 5.5% |
% Under 18 | 23.8% | -5.2% |
% Seniors | 17.6% | 61.5% |
% WFH | 12.7% | 111.7% |
% w/ College Degree | 10.6% | -24.3% |
As of the latest ACS Survey released in 2023, Mason, IL is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Mason, IL is hispanic, making up 5.3% of the population. Foreign-born residents account for 1.4% of the population in Mason, IL, and this percentage has increased by Inf% 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 | 92.7% | -5.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 5.3% | ∞% |
% Asian | 1.5% | ∞% |
% Foreign Born | 1.4% | ∞% |
Mortgage and Risk — Mason, IL
According to HUD data as of 2023, there were 36 mortgage originations in Mason, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Mason, IL. Investor activity is low, as 3.0% 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 | 36 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mason, IL
Mason, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Mason, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $184,000 |
| Median Household Income | $84,400 |