Manito, IL—61546
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manito, IL
As of Oct '25, the median home price in Manito, IL is $132,000, with a year-over-year change of 11.4%. This indicates that home prices in Manito, IL are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | 11.4% |
| Single Family | $132,000 | 12.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $58,000 | 7.4% |
2 Bed | $103,000 | 8.4% |
3 Bed | $168,000 | 9.1% |
4 Bed | $193,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manito, IL
Manito, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $875 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manito, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Manito, IL is 51. This is a decrease of -16.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $104,000 | 0.0% |
Listing Count | 13 | -12.0% |
| Listings as % of Homes | 0.6% | -12.0% |
Days on Market | 51 | -16.0% |
Demographics — Manito, IL
As of the latest ACS Survey released in 2023, Manito, IL has a population of 3,680, which has decreased by -2.3% over the past 5 years. Manito, IL is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | -2.3% |
% Under 18 | 19.5% | -5.8% |
% Seniors | 25.3% | 30.4% |
% WFH | 7.4% | 221.7% |
% w/ College Degree | 13.6% | 2.3% |
As of the latest ACS Survey released in 2023, Manito, IL is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Manito, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.9% of the population in Manito, IL, and this percentage has increased by 800.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.5% | -0.6% |
% Black | 0.3% | -70.0% |
% Hispanic | 2.3% | 27.8% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.9% | 800.0% |
Mortgage and Risk — Manito, IL
According to HUD data as of 2023, there were 96 mortgage originations in Manito, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Manito, IL. Investor activity is low, as 3.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Manito, IL
Manito, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | -$5 | $875 | $870 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Manito, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $132,000 |
| Median Household Income | $77,900 |