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Metropolis

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

Median Home$86,673
Median Rent$705/month
Population5,833
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare12% arts, food & hospitality
Home Value Growth⬆⬆+19.0% over 2 years
Young Adults29% of residentsslightly above average
Homeowners62% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
NotableHighly Educated27% bachelor's · 13% graduate · top 14% nationally
Metropolis
IL

Frequently Asked Questions

What are today's mortgage rates in Metropolis?

As of today, the 30-year fixed mortgage rate for Metropolis is approximately 6.814% (6.818% 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 Metropolis?

The median home value in Metropolis is $87k. The median monthly rent is $705. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Metropolis?

Home values in Metropolis have increased 19.0% over the past two years. This indicates a strong appreciation trend. 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 Metropolis?

Based on a typical all-in ownership cost of $757/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Metropolis is $51k/year.

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What industries drive the economy in Metropolis?

The largest employment sectors in Metropolis are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.