Manteno, IL 60950 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Manteno, IL—60950

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$304,000

3.1% YoY Growth

Household Income

$87,800

48.3% YoY Growth

Days on Market

49.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$1,200

5.3% YoY Growth

1-Bed Rent

$1,000

25.8% YoY Growth

2-Bed Rent

$1,350

1.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Manteno, IL

As of Dec '25, the median home price in Manteno, IL is $304,000, with a year-over-year change of 3.1%. This indicates that home prices in Manteno, IL are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$304,000	3.1%
Single Family	$309,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.7%

1 Bedroom

16.0%

2 Bedrooms

62.3%

3 Bedrooms

16.0%

Property Listings — Manteno, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Manteno, IL is 75. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$359,000	4.0%
Listing Count	30	13.0%
Listings as % of Homes	0.4%	13.0%
Days on Market	88	49.0%

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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%

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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%

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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%

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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

Manteno, IL—60950

Key Metrics at a Glance

Home Price Trends — Manteno, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manteno, IL

% of Rental Stock

Property Listings — Manteno, IL

Demographics — Manteno, IL

Race and Ethnicity

Mortgage and Risk — Manteno, IL

Mortgages

Rentals and Section 8 — Manteno, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Manteno, IL

Home Price to Income Ratio

Manteno, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bourbonnais, IL

Bradley, IL

Peotone, IL

Kankakee, IL

Manhattan, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$304,000
Median Household Income	$87,800

Manteno, IL—60950

Key Metrics at a Glance

Home Price Trends — Manteno, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manteno, IL

% of Rental Stock

Property Listings — Manteno, IL

Demographics — Manteno, IL

Race and Ethnicity

Mortgage and Risk — Manteno, IL

Mortgages

Rentals and Section 8 — Manteno, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Manteno, IL

Home Price to Income Ratio

Manteno, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bourbonnais, IL

Bradley, IL

Peotone, IL

Kankakee, IL

Manhattan, IL

Frequently Asked Questions

What is the average home price in Manteno, IL 60950?

How have home prices in Manteno, IL 60950 changed over the past year?

What is the home price projection for Manteno, IL 60950?

What are the demographics of Manteno, IL 60950?

How long does it take homes to sell in Manteno, IL 60950?

What is the average rent price in Manteno, IL 60950?