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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Metamora, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Metamora, IL Housing Market Trends

With 3,859 people, 1,668 houses or apartments, and a median cost of homes of $286,920, Metamora real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Metamora, accounting for 71.76% of the village's housing units. Other types of housing that are prevalent in Metamora include row houses and other attached homes ( 13.42%), duplexes, homes converted to apartments or other small apartment buildings ( 13.19%), and a few large apartment complexes or high rise apartments ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Metamora. Owner-occupied housing accounts for 84.16% of Metamora's homes, and 60.84% have either three or four bedrooms, which is average sized relative to America.

Metamora homes and real estate are some of the newest in America. 39.05% of Metamora's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Metamora real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.46%), and between 1940-1969 ( 24.81%). There's also some housing in Metamora built before 1939 ( 6.68%).

Metamora Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Metamora, where house values have increased just 44.91%, which is annualized rate of 3.78%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Metamora that despite a nationwide downturn in the housing market, Metamora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Metamora appreciation rates continue to be some of the highest in America, at 8.32%, which is higher than appreciation rates in 88.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Metamora. Metamora appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.70%.

Importantly, this makes Metamora one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Illinois, our data show that Metamora's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$286,920

Metamora, IL Home Prices
> $1,306,000
$979,001 - $1,306,000
$653,001 - $979,000
$522,001 - $653,000
$392,001 - $522,000
$261,001 - $392,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
0.0%
0.0%
0.5%
0.5%
3.8%
3.8%
5.9%
5.9%
16.8%
16.8%
28.5%
28.5%
39.6%
39.6%
2.4%
2.4%
2.5%
2.5%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

1,668

Metamora Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,411 / per month

Homeownership Rate

Owners
Renters
84.2%
84.2%
15.8%
15.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.1%
3.1%
96.9%
96.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
39.0%
39.0%
29.5%
29.5%
24.8%
24.8%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.8%
71.8%
13.4%
13.4%
13.2%
13.2%
1.6%
1.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.7%
2.7%
32.8%
32.8%
35.9%
35.9%
25.0%
25.0%
3.7%
3.7%
0% 100.0%
% of Homes