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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,859 people, 1,668 houses or apartments, and a median cost of homes of $282,488, 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%).
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 40.39%, which is annualized rate of 3.45%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Metamora appreciation rates have trailed the rest of the nation. In the last twelve months, Metamora's appreciation rate has been 4.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Metamora were at -0.67%, which equates to an annual appreciation rate of -2.66%.
Notably, Metamora's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Illinois, our data show that Metamora's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$282,488
for Illinois
for nation
1,668
$1,450 / per month