Manteno, IL—60950
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manteno, IL
As of Oct '25, the median home price in Manteno, IL is $307,000, with a year-over-year change of 3.4%. This indicates that home prices in Manteno, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 3.4% |
| Single Family | $311,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 7.0% |
3 Bed | $290,000 | 3.2% |
4 Bed | $382,000 | 3.5% |
| 5 Bed | $418,000 | 3.2% |
% of Housing Stock
Rental Trends — Manteno, IL
As of July '25, Rentcast reports the average rent in Manteno, IL is $1,250, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Manteno, IL is 1-bedrooms: $1,000, 2-bedrooms: $1,330. The most common rental property sizes in Manteno, IL are 2-bedroom and 1-bedroom, accounting for 62.3% and 16.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,350 | $1,330 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manteno, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Manteno, IL is 58. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | 2.0% |
Listing Count | 40 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 58 | -7.0% |
Demographics — Manteno, IL
As of the latest ACS Survey released in 2023, Manteno, IL has a population of 11,900, which has remained stable by 0.8% over the past 5 years. Manteno, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 0.8% |
% Under 18 | 22.3% | 1.4% |
% Seniors | 24.5% | 23.1% |
% WFH | 11.9% | 190.2% |
% w/ College Degree | 22.2% | -7.5% |
As of the latest ACS Survey released in 2023, Manteno, IL is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Manteno, IL is hispanic, making up 6.6% of the population. Foreign-born residents account for 1.0% of the population in Manteno, IL, and this percentage has decreased by 73.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | -2.8% |
% Black | 4.5% | 104.5% |
% Hispanic | 6.6% | 4.8% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 1.0% | -73.7% |
Mortgage and Risk — Manteno, IL
According to HUD data as of 2023, there were 217 mortgage originations in Manteno, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Manteno, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Manteno, IL
Manteno, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,000 | $890 |
| 2 Bedroom | -$180 | $1,350 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Manteno, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $307,000 |
| Median Household Income | $87,800 |