Foreclosure Homes in Manhattan, IL

Current Market Conditions in Manhattan, IL

The real estate market in Manhattan, IL, has shown consistent growth due to its appealing suburban atmosphere and proximity to Chicago. Recently, demand for single-family homes has increased, attracting families looking for more spacious living options away from the urban core.

Homes are selling quickly, often above the asking price as buyers compete in a low inventory market. Sellers are taking advantage of the favorable conditions, leading to slight price increases.

Manhattan is also seeing new developments and infrastructure improvements, making it a desirable location for future investments in housing.

Rent Prices In Manhattan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Manhattan, IL, is on a rollercoaster ride. The average rent price in Manhattan, IL, is $1,921.00. Indeed, when looking to rent in Manhattan, IL, you can expect to pay as little as $620.00 or as much as $3,680.00, with the average rent median estimated to be $1,910.00. The good news is that finding an affordable and desirable property to rent in Manhattan, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.