Manito, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manito Neighborhoods Since 2000




Manito, 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

Manito Housing Market Information

With a population of 1,527, 674 total housing units (homes and apartments), and a median house value of $89,997, house prices in Manito are solidly below the national average.

Single-family detached homes are the single most common housing type in Manito, accounting for 88.52% of the village's housing units. Other types of housing that are prevalent in Manito include duplexes, homes converted to apartments or other small apartment buildings ( 6.72%), large apartment complexes or high rise apartments ( 2.52%), and a few mobile homes or trailers ( 1.96%).

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 77.89% of Manito's homes, and 53.78% 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 39.64% of the village's housing hails from this era. Other housing ages represented in Manito include homes built between 1970-1999 ( 38.52%) and housing constructed before 1939 ( 20.31%). There's also some housing in Manito built between 2000 and later ( 1.54%).

Manito Home Appreciation Rates

Real estate appreciation rates in Manito's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

Over the last year, Manito appreciation rates have trailed the rest of the nation. In the last twelve months, Manito's appreciation rate has been -1.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manito were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Manito's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$89,997

Manito, IL HOME PRICES

Value Range
> $1,018,000 0.0
$764,001 - $1,018,000 0.0
$509,001 - $764,000 0.0
$407,001 - $509,000 1.6
$305,001 - $407,000 0.9
$203,001 - $305,000 6.0
$102,001 - $203,000 37.0
$51,001 - $102,000 37.0
$0 - $51,000 17.5

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
83.9827727645611 79.4936708860759

Number Of Homes And Apartments:
674

Manito 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
18.14% 0.97% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 77.89
Renters 22.11
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF Manito HOMES
2000 or Newer 1.5
1970 - 1999 38.5
1940 - 1969 39.6
1939 or Older 20.3

Types of Homes

TYPE OF Manito HOMES
Single-Family 88.5
Townhomes 0.3
Small Apt. Buildings 6.7
Apt. Complexes 2.5
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Manito HOMES
No Bedroom 0.00
1 Bedroom 9.24
2 Bedrooms 33.75
3 Bedrooms 41.74
4 Bedrooms 12.04
5 or more bedrooms 3.22

Popular Neighborhoods in Manito

Zip Codes in Manito, IL