Manteno, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Manteno Neighborhoods Since 2000




Manteno, 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

Manteno Housing Market Information

With a population of 8,999, 3,762 total housing units (homes and apartments), and a median house value of $181,491, Manteno real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Manteno, accounting for 58.02% of the village's housing units. Other types of housing that are prevalent in Manteno include mobile homes or trailers ( 15.61%), duplexes, homes converted to apartments or other small apartment buildings ( 13.33%), and a few row houses and other attached homes ( 7.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manteno. Owner-occupied housing accounts for 71.21% of Manteno's homes, and 60.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Manteno built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Manteno built between 2000 and later ( 34.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.44%). There's also some housing in Manteno built before 1939 ( 8.19%).

Manteno Home Appreciation Rates

Manteno's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manteno during the period has been just -1.64%, which is lower than 80% of US communities.

Over the last year, Manteno appreciation rates have trailed the rest of the nation. In the last twelve months, Manteno's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manteno were at -1.84%, which equates to an annual appreciation rate of -7.15%.

Notably, Manteno's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$181,491

Manteno, IL HOME PRICES

Value Range
> $1,029,000 0.1
$772,001 - $1,029,000 0.4
$515,001 - $772,000 1.3
$412,001 - $515,000 0.1
$309,001 - $412,000 10.3
$206,001 - $309,000 32.1
$103,001 - $206,000 29.3
$51,001 - $103,000 11.1
$0 - $51,000 15.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
37.6303761865698 29.746835443038

Number Of Homes And Apartments:
3,762

Manteno 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
17.52% 0.94% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,102 / per month

Homeownership Rate

Homeownership
Owners 71.21
Renters 28.79
Vacant 4.64

Housing Market Details

 

Age of Homes

AGE OF Manteno HOMES
2000 or Newer 34.7
1970 - 1999 41.6
1940 - 1969 15.4
1939 or Older 8.2

Types of Homes

TYPE OF Manteno HOMES
Single-Family 58.0
Townhomes 7.2
Small Apt. Buildings 13.3
Apt. Complexes 5.8
Mobile Homes 15.6
Other 0.0

Home Size

SIZE OF Manteno HOMES
No Bedroom 0.00
1 Bedroom 1.19
2 Bedrooms 34.09
3 Bedrooms 41.83
4 Bedrooms 18.68
5 or more bedrooms 4.21