Preforeclosure Homes in Manito, IL

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3 View this home at Sunset Dr Manito IL 61546
$85,152 EMV
Sunset Dr
Manito, IL 61546
3 |
EST. RENT: $1,110
AUCTION: 07-05-2024
3 |
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Home Value Estimator For Manito, IL

There are currently 1,844 real estate properties in Manito, IL, with a median automated valuation model (AVM) price of $127,232.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Manito, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Manito, IL, is $138,637.00, with the most expensive house in Manito, IL, topping out at $853,423.00 and the cheapest home in Manito, IL, clocking in at $6,442.00. In other words, there’s something for every potential homebuyer or savvy investor in Manito, IL!

Rent Prices In Manito, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Manito, IL, is on a rollercoaster ride. The average rent price in Manito, IL, is $1,092.00. Indeed, when looking to rent in Manito, IL, you can expect to pay as little as $570.00 or as much as $2,530.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Manito, 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.

Top Reasons To Live In Manito, IL In 2024

Manito is located in Mason, Illinois, with an estimated municipal population of 1,486 residents. All of the best foreclosed homes for sale in Manito are located in the following zip code areas on 61546. The estimated population per square kilometer (.62 miles) in Manito is 379.

Cost Of Living In Manito, IL

So, about how much do homes cost in Manito? The most recent median value of resident-owned homes in Manito is 97,924. An estimated 76.9 percent of households in Manito own their homes, with an average family size of 2.78. The median household income in Manito is 62,917, with22.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Manito, the median commute time of resident workers (in minutes) is 30. And last, but certainly not least, are you looking for homes to rent in Manito? If so, the average rent price paid by renters in Manito is 703, according to recent statistics.

Diversity And Demographics In Manito, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Manito, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Manito is 39.3, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Manito is 54.1, with an average family size of 2.78.

The percentage of residents who report their race in Manito is as follows:

White 96.6%
Black / African American 2.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0%

Looking for family-friendly neighborhoods in and/or near Manito? Or maybe you are searching for 55+ active adult communities in and/or near Manito?

The percentage of residents who report their age in Manito is as follows:

Under 10 14.9%
Aged 10-19 11.3%
20s 12.1%
30s 12.3%
40s 13.5%
50s 9.8%
60s 11.1%
70s 8.2%
80+ 6.6%

Best Schools In Manito, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Manito with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Manito.

Pros And Cons Of Living In Manito, Illinois

How do you know that living in -- or moving to -- Manito is right where you need to be? Perhaps you grew up in Manito or already live nearby; therefore, the decision to buy a home in Manito is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Manito for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Manito:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Manito.

Reasons To Move To Manito, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Manito can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Manito, meanwhile, can field multiple offers from more qualified buyers.

Manito, IL Preforeclosure Homes


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