Real Estate Investing in Metropolis, Illinois (62960)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62960 (Metropolis, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Metropolis, IL (62960)?
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Market Analysis: 62960 Metropolis
On the rental side, ZIP 62960 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $124K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $124K asset, 62960 is the wrong submarket. If the plan prices in friction, the yield can still work.
Stepping back, 62960 offers a low basis, the region around Metropolis has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 62960 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Metropolis:
Market Trends
Home Value History (with trend line)
📊 How Does 62960 Compare?
| Metric | 62960 | Metropolis | Paducah, KY-IL | Illinois |
|---|---|---|---|---|
| Home Value | $124,048 | $124,048 | N/A | $279,761 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62960 (Metropolis, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $124,048 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62960
Population: 10,823
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 62960
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,294 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Metropolis, IL?
In Metropolis, IL the median home value sits at $124K. Against the broader IL market, that reads as reasonable for most investors.
How qualified is the tenant pool in Metropolis, IL?
Expect a solid tenant pool in Metropolis, IL. The rental market absorbs $873/mo rents without meaningful friction.
What are rental rates like in Metropolis, IL?
Average rent in Metropolis, IL is approximately $873/mo per month. Against $124K home values that yields a reasonable rent-to-price ratio.
What is the smart move for investors in Metropolis, IL?
In Metropolis, IL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $124K prices and $873/mo rents suits that approach.
Is vacancy a concern in Metropolis, IL?
Rental vacancy in Metropolis, IL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 62960 now. You don’t know where it ranks.
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How 62960 ranks in Paducah, KY-IL
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