Metropolis, IL 62960 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Metropolis, IL—62960

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$113,000

0.6% YoY Growth

Household Income

$61,700

44.4% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$700

35.8% YoY Growth

1-Bed Rent

$700

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Metropolis, IL

As of Dec '25, the median home price in Metropolis, IL is $113,000, with a year-over-year change of 0.6%. This indicates that home prices in Metropolis, IL are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$113,000	0.6%
Single Family	$113,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Metropolis, IL

As of July '25, Rentcast reports the average rent in Metropolis, IL is $700, with a year-over-year rent change of -35.8%. Per bedroom, the median rent as of July '25 in Metropolis, IL is 1-bedrooms: $700. The most common rental property sizes in Metropolis, IL are 2-bedroom and 3-bedroom, accounting for 42.8% and 29.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$700	$700
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.5%

1 Bedroom

17.1%

2 Bedrooms

42.8%

3 Bedrooms

29.8%

4 Bedrooms

2.3%

5+ Bedrooms

3.5%

Property Listings — Metropolis, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Metropolis, IL is 65. This is a decrease of -7.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$150,000	21.0%
Listing Count	42	15.0%
Listings as % of Homes	0.5%	15.0%
Days on Market	93	5.0%

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Demographics — Metropolis, IL

As of the latest ACS Survey released in 2023, Metropolis, IL has a population of 10,800, which has decreased by -1.2% over the past 5 years. Metropolis, IL is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,800	-1.2%
% Under 18	20.5%	-8.5%
% Seniors	21.8%	2.8%
% WFH	5.3%	130.4%
% w/ College Degree	17.7%	21.2%

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As of the latest ACS Survey released in 2023, Metropolis, IL is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Metropolis, IL is black, making up 6.6% of the population. Foreign-born residents account for 2.0% of the population in Metropolis, IL, and this percentage has increased by 185.7% 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	86.0%	-3.5%
% Black	6.6%	24.5%
% Hispanic	3.0%	7.1%
% Asian	0.5%	150.0%
% Foreign Born	2.0%	185.7%

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Mortgage and Risk — Metropolis, IL

According to HUD data as of 2023, there were 72 mortgage originations in Metropolis, IL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Metropolis, IL. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	72
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Metropolis, IL

Metropolis, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	291
Total Units Section 8	101
% Rentals under Section 8	N/A
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$700	$740
2 Bedroom	N/A	N/A	$880
3 Bedroom	N/A	N/A	$1,180
4 Bedroom	N/A	N/A	$1,250

Metropolis, IL—62960

Key Metrics at a Glance

Home Price Trends — Metropolis, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Metropolis, IL

% of Rental Stock

Property Listings — Metropolis, IL

Demographics — Metropolis, IL

Race and Ethnicity

Mortgage and Risk — Metropolis, IL

Mortgages

Rentals and Section 8 — Metropolis, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Metropolis, IL

Home Price to Income Ratio

Metropolis, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Grantsburg, IL

Joppa

Kevil, KY

Belknap, IL

Paducah, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$113,000
Median Household Income	$61,700

Metropolis, IL—62960

Key Metrics at a Glance

Home Price Trends — Metropolis, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Metropolis, IL

% of Rental Stock

Property Listings — Metropolis, IL

Demographics — Metropolis, IL

Race and Ethnicity

Mortgage and Risk — Metropolis, IL

Mortgages

Rentals and Section 8 — Metropolis, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Metropolis, IL

Home Price to Income Ratio

Metropolis, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Grantsburg, IL

Joppa

Kevil, KY

Belknap, IL

Paducah, KY

Frequently Asked Questions

What is the average home price in Metropolis, IL 62960?

How have home prices in Metropolis, IL 62960 changed over the past year?

What is the home price projection for Metropolis, IL 62960?

What are the demographics of Metropolis, IL 62960?

How long does it take homes to sell in Metropolis, IL 62960?

What is the average rent price in Metropolis, IL 62960?