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 10,340 people, 3,188 houses or apartments, and a median cost of homes of $448,451, Manhattan real estate is some of the most expensive in Illinois, although Manhattan home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Manhattan, accounting for 71.29% of the village's housing units. Other types of housing that are prevalent in Manhattan include row houses and other attached homes ( 20.81%), large apartment complexes or high rise apartments ( 3.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhattan. Owner-occupied housing accounts for 90.07% of Manhattan's homes, and 75.41% have either three or four bedrooms, which is average sized relative to America.
Manhattan homes and real estate are some of the newest in America. 62.17% of Manhattan'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 Manhattan real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.26%), and between 1940-1969 ( 10.24%). There's also some housing in Manhattan built before 1939 ( 8.33%).
Manhattan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manhattan during the period has been just 5.08%, which is lower than 70% of US communities.
Over the last year, Manhattan appreciation rates have trailed the rest of the nation. In the last twelve months, Manhattan's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhattan were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Manhattan's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.
$448,451
for Illinois
for nation
3,188
$1,543 / per month