Foreclosures in Manhattan, IL 60442

Buyer vs Seller Market in Manhattan, IL

The real estate market in Manhattan has shown steady growth over the past year. With a mix of new constructions and established homes, there is something for every buyer. The demand for family homes in this community has remained strong, often leading to multiple offers on desirable properties.

As more families look to the suburbs for spacious living and excellent schools, Manhattan has become increasingly popular. The allure of a laid-back lifestyle combined with its proximity to Chicago continues to attract buyers, leading to a competitive market. Prices have seen a modest yet consistent increase, reflecting a healthy demand.

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.