Manhattan, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manhattan Neighborhoods Since 2000




Manhattan, IL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manhattan Housing Market Information

With 7,400 people, 2,416 houses or apartments, and a median cost of homes of $232,370, Manhattan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Manhattan, accounting for 69.22% of the village's housing units. Other types of housing that are prevalent in Manhattan include row houses and other attached homes ( 23.30%), large apartment complexes or high rise apartments ( 4.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%).

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 86.30% of Manhattan's homes, and 74.93% 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. 48.69% 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 ( 30.13%), and between 1940-1969 ( 13.10%). There's also some housing in Manhattan built before 1939 ( 8.08%).

Manhattan Home Appreciation Rates

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 -1.88%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Manhattan's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Manhattan's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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.

Average Home Values

 

Median Home Value:
$232,370

Manhattan, IL HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.5
$550,001 - $825,000 0.9
$440,001 - $550,000 6.4
$330,001 - $440,000 14.5
$220,001 - $330,000 36.3
$110,001 - $220,000 35.4
$55,001 - $110,000 3.7
$0 - $55,000 2.4

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.4365404898629 17.9746835443038

Number Of Homes And Apartments:
2,416

Manhattan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
19.68% 1.05% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,343 / per month

Homeownership Rate

Homeownership
Owners 86.30
Renters 13.70
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Manhattan HOMES
2000 or Newer 48.7
1970 - 1999 30.1
1940 - 1969 13.1
1939 or Older 8.1

Types of Homes

TYPE OF Manhattan HOMES
Single-Family 69.2
Townhomes 23.3
Small Apt. Buildings 2.7
Apt. Complexes 4.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Manhattan HOMES
No Bedroom 0.00
1 Bedroom 1.45
2 Bedrooms 21.78
3 Bedrooms 47.85
4 Bedrooms 27.08
5 or more bedrooms 1.85

Popular Neighborhoods in Manhattan

Zip Codes in Manhattan, IL