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 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%).
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.
$137,491
for Illinois
for nation
741
$1,176 / per month