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Metcalf

Learn about the people, housing, costs and businesses in Metcalf, Illinois

Median Home$82,000
Median Rent$822/month
Population136
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance15% construction
Home Value Growth+2.0% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners80% of occupied units
NotableAffordable Market$82k median home · lower cost than 97% of the country
Metcalf
IL

Frequently Asked Questions

What are today's mortgage rates in Metcalf?

As of today, the 30-year fixed mortgage rate for Metcalf is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Metcalf?

The median home value in Metcalf is $82k. The median monthly rent is $822. Annual property taxes average $972. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Metcalf?

Home values in Metcalf have increased 2.0% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Metcalf?

Based on a typical all-in ownership cost of $667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Metcalf is $64k/year.

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What industries drive the economy in Metcalf?

The largest employment sectors in Metcalf are public administration (25%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.