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Manhattan, IL
Full City Profile · Illinois · Will County County
3.8
/5.0
B+
Good
10,315
Population
1,528/sq mi density
$128,375
Median Income
$46,900 per capita
$314,400
Home Value
$383,611 Zillow
$1,220
Median Rent
41.3% income on rent
50°F
Avg Temperature
275 sunny days/yr
12
Violent Crime/100K
517 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$128,375 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$314,400 home value, $1,220/mo rent
F
Safety
1.4 / 5.0
12 violent crimes/100K
B+
Education
3.9 / 5.0
35.8% bachelor's degree or higher
Housing Overview
Median Home Value
$314,400
12% above
US avg: $281,900
Median Rent
$1,220/mo
5% above
US avg: $1,163/mo
Homeownership Rate
88.4%
35% above US avg (65.4%)
Total Housing Units
3,302
Median year built: 2003
Home Value by Source
Census Median
$314,400
Zillow (ZHVI)
$383,611
Median Sale Price
$399,990
Median List Price
$379,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.4%
Owner-Occupied
11.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,220/mo
Market Indicators (Redfin)
Median Days on Market
85 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
20.6%
of listings with price reduction
Price Per Sq Ft
$183
Active Inventory
34
homes for sale
Affordability & Housing Stock
Rent Burden
41.3%
of renters spending 30%+ of income on housing
33% above US avg (31.0%)
Median Year Built
2003
Average age of housing stock: 23 years
Homeownership Rate
88.4%
Complete Housing Data
Home Values
| Census Median Value | $314,400 |
| Zillow Home Value (ZHVI) | $383,611 |
| Median Sale Price | $399,990 |
| Median List Price | $379,000 |
| Price Per Sq Ft | $183 |
Rent
| Census Median Rent | $1,220 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 85 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.6% |
| Homes Sold | 7 |
| Active Inventory | 34 |
| Price Per Sq Ft | $183 |
Ownership & Stock
| Owner-Occupied | 88.4% |
| Renter-Occupied | 11.6% |
| Homeownership Rate | 88.4% |
| Total Housing Units | 3,302 |
| Median Year Built | 2003 |
| Rent Burden | 41.3% |