The typical owner-occupied home in Metcalf is worth about $55,000, 79% below the Illinois median of $263,300 and 83% below the national median of $332,700. The median household earns $54,881 a year, so the median home costs 1.0 times the median income (3.2 times for Illinois). 68% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Metcalf at a glance
| Metcalf | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $55,000 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | $54,881 | $83,390 | $80,734 |
| Homes lived in by their owners | 68% | 67% | 65% |
| Owner homes with a mortgage | 18% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $583 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1938 | 1971 | 1980 |
| Vacant homes | 14.9% | 7.7% | 10.1% |
| Population | 139 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Metcalf
At this week's average 30-year rate of 7.11%, buying the median Metcalf home of $55,000 with 20% down costs about $369 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $461, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $15,828 for the 20%-down payment. That payment is 8% of the median Metcalf household income of $54,881; at that income and 20% down, the 28% guideline points to a home of about $191,000.
| Down payment | $11,000 |
|---|---|
| Loan amount | $44,000 |
| Principal and interest | $296 |
| Property taxes (1.10% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $369 |
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| Down payment | $1,925 |
|---|---|
| Loan amount | $54,004 |
| Principal and interest | $363 |
| Property taxes (1.10% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $24 |
| Total per month | $461 |
Change the numbers in the calculator
Questions about home buying in Metcalf
What is the median home value in Metcalf?
About $55,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Metcalf?
For the median home with 20% down at 7.11%, the payment is about $369 a month. Keeping that under 28% of gross income takes about $15,828 a year.
More about Metcalf
- Mortgage Refinance in Metcalf
- Debt Relief in Metcalf
- Home Equity Loans in Metcalf
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data