Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Manhattan area can be challenging. Home prices in Manhattan are now at a median cost of $293,838, higher than the Illinois average of $242,002.
The average cost of rent is $1,006/mo in Manhattan, primarily driven by the current value of real estate in the Manhattan area. While nearly 24.22% of residents own their homes outright in Manhattan, 9.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Manhattan is $9,877 per month. Households that rent pay about 10.19% of their income on rent here. Manhattan's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- New Lenox, IL: equally priced homes
- Elwood, IL: less expensive homes
- Wilton Center, IL: higher priced homes
- Frankfort, IL: higher priced homes
- Mokena, IL: higher priced homes
- Symerton, IL: less expensive homes
- Rockdale, IL: less expensive homes
- Lincoln Estates, IL: less expensive homes
- Joliet, IL: less expensive homes
- Frankfort Square, IL: less expensive homes
Cities with Similar Populations
- Warren, RI: higher priced homes
- Claiborne, LA: less expensive homes
- Clarkesville, GA: less expensive homes
- Clarksville, MD: higher priced homes
- Clawson, MI: less expensive homes
- Clay, AL: less expensive homes
- Clay, NY: less expensive homes
- Clearfield, PA: less expensive homes
- Clinton, CT: equally priced homes
- Clinton, SC: less expensive homes
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