Metropolis, IL—62960
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metropolis, IL
As of Oct '25, the median home price in Metropolis, IL is $111,000, with a year-over-year change of -0.3%. This indicates that home prices in Metropolis, IL are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $111,000 | -0.3% |
| Single Family | $111,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
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 — 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 |
% of Rental Stock
Property Listings — Metropolis, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Metropolis, IL is 56. This is a decrease of -8.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | 8.0% |
Listing Count | 43 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 56 | -8.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Metropolis, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $111,000 |
| Median Household Income | $61,700 |