Market Overview
Home Prices in Metropolis, IL
The median home value in Metropolis, IL is $118,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Metropolis are priced71% below average. Metropolis is part of the Paducah, KY-IL metro area.
Over the past five years, Metropolis home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Metropolis Home Price Trend
City Comparison
Metropolis vs. National Median
At $118,025, homes in Metropolis cost 71% below the national median of $410,000. This makes Metropolis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Metropolis?
20% Down Payment
$23,605
on $118,025
Monthly P&I
$616/mo
30-yr @ 6.8%
Total Monthly Est.
~$782/mo
incl. taxes & insurance
Income Needed
$31,280
gross annual (30% rule)
10% Down Option
$11,803
+ PMI applies
Loan Amount (20% dn)
$94,420
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Metropolis, IL?
The median home value in Metropolis is $118,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Metropolis?
Over the past year, home values in Metropolis have increased by 7.5%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Metropolis?
To comfortably afford the median home price of $118,025 with a 20% down payment ($23,605) at today's rates (6.8%), you'd need a gross annual income of approximately $31,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Metropolis compare to the national average home price?
The national median home value is approximately $410,000. At $118,025, homes in Metropolis are 71% below the national average.
What metro area is Metropolis part of?
Metropolis is part of the Paducah, KY-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.