Total monthly cost of ownership
Cost to Own a Home in Metropolis, Illinois
A $94,000 home here costs
$1,001per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $518 higher every month — 107% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Metropolis against Massac County and Illinois
| Measure | Metropolis | Massac County |
|---|---|---|
| Median home value | $93,700 | $118,000 |
| Median property tax | $1,439 | $1,769 |
| Effective tax rate | 1.536% | 1.499% |
| Median gross rent | $748 | $793 |
| Population | 5,898 | 13,958 |
The weather behind that power bill
Metropolis sits in Massac County, which averages a high of 89.9°F in its hottest month and a low of 27.3°F in its coldest, with 50.32" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,683 cooling and 3,925 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Massac County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Massac County
No other places of this size are published in Massac County.
Full Massac County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Metropolis?
A $94,000 home in Metropolis, Illinois costs approximately $1,001 per month with 20% down at 6.66%. That is $483 principal and interest, $120 property tax, $37 homeowners insurance, $282 utilities and $78 set aside for maintenance.
What is the property tax rate in Metropolis?
Metropolis has an effective property tax rate of 1.536%, based on a median home value of $93,700 and median real estate taxes of $1,439. That is higher than the Massac County average of 1.499%.
What is the average home price in Metropolis?
The median owner-occupied home value in Metropolis, Illinois is $93,700, against $118,000 across Massac County.
Is it cheaper to rent or buy in Metropolis?
Median gross rent in Metropolis is $748 a month, against $1,001 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Metropolis — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Illinois.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.