Manteno, IL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Manteno, IL Housing Market Trends

With a population of 9,002, 3,405 total housing units (homes and apartments), and a median house value of $162,202, house prices in Manteno are solidly below the national average.

Single-family detached homes are the single most common housing type in Manteno, accounting for 56.14% of the village's housing units. Other types of housing that are prevalent in Manteno include mobile homes or trailers ( 18.00%), duplexes, homes converted to apartments or other small apartment buildings ( 9.60%), and a few large apartment complexes or high rise apartments ( 8.99%).

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 71.74% of Manteno's homes, and 60.89% 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 ( 33.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.28%). There's also some housing in Manteno built before 1939 ( 11.40%).

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 1.84%, 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 7.68%, 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 3.92%, which equates to an annual appreciation rate of 16.65%.

Importantly, this makes Manteno one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$162,202

Manteno, IL HOME PRICES

> $1,126,000
0.4%
0.4%
$844,001 - $1,126,000
0.6%
0.6%
$563,001 - $844,000
1.8%
1.8%
$450,001 - $563,000
0.7%
0.7%
$338,001 - $450,000
5.0%
5.0%
$226,001 - $338,000
31.2%
31.2%
$113,001 - $226,000
29.1%
29.1%
$56,001 - $113,000
9.9%
9.9%
$0 - $56,000
21.4%
21.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for IL

Value Relative To Nation

Number Of Homes And Apartments:
3,405

Manteno Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
39.68% 1.57%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,148 / per month

Homeownership Rate

Owners
71.7%
71.7%
Renters
28.3%
28.3%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
33.8%
33.8%
1970 - 1999
38.5%
38.5%
1940 - 1969
16.3%
16.3%
1939 or Older
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.1%
56.1%
Townhomes
7.3%
7.3%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
9.0%
9.0%
Mobile Homes
18.0%
18.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
5.3%
5.3%
2 Bedrooms
29.9%
29.9%
3 Bedrooms
45.8%
45.8%
4 Bedrooms
15.1%
15.1%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES