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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.



Manito, 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 Q2 2024. 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

Manito, IL Housing Market Trends

With a population of 1,515, 741 total housing units (homes and apartments), and a median house value of $137,491, house prices in Manito are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Manito, accounting for 93.02% of the village's housing units. Other types of housing that are prevalent in Manito include large apartment complexes or high rise apartments ( 3.81%), duplexes, homes converted to apartments or other small apartment buildings ( 2.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manito. Owner-occupied housing accounts for 77.90% of Manito's homes, and 51.52% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Manito's housing was primarily built during this period, from the '40s through the '60s. A full 42.13% of the village's housing hails from this era. Other housing ages represented in Manito include homes built between 1970-1999 ( 36.04%) and housing constructed before 1939 ( 12.31%). There's also some housing in Manito built between 2000 and later ( 9.52%).

Manito Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Manito, where house values have increased just 47.54%, which is annualized rate of 3.97%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Manito that despite a nationwide downturn in the housing market, Manito real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manito appreciation rates continue to be some of the highest in America, at 10.19%, 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 Manito. Manito appreciation rates in the latest quarter were at 1.42%, which equates to an annual appreciation rate of 5.82%.

Relative to Illinois, our data show that Manito's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$137,491

Manito, IL Home Prices
> $1,261,000
$946,001 - $1,261,000
$631,001 - $946,000
$505,001 - $631,000
$378,001 - $505,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.1%
2.1%
8.1%
8.1%
50.0%
50.0%
29.4%
29.4%
10.5%
10.5%
0% 100.0%
% of Homes
Very Low

for Illinois

Very Low

for nation

Number of Homes And Apartments:

741

Manito Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,176 / per month

Homeownership Rate

Owners
Renters
77.9%
77.9%
22.1%
22.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.0%
6.0%
94.0%
94.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.5%
9.5%
36.0%
36.0%
42.1%
42.1%
12.3%
12.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.0%
93.0%
0.5%
0.5%
2.4%
2.4%
3.8%
3.8%
0.3%
0.3%
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
1.4%
1.4%
8.6%
8.6%
36.2%
36.2%
37.4%
37.4%
14.1%
14.1%
2.3%
2.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Manito

Zip Codes in Manito, IL