Home prices
Manhattan's median home value is $241,400. Compared to its nearby areas it is roughly $30,780 (14%) higher.In comparison to the nation as a whole it is approximately $23,900 (10%) higher, and in comparison to the city of Chicago is roughly $16,600 (6%) lower.
Rents
The median monthly rent in Manhattan is $1,321. Compared to its nearby areas it is roughly $280 (26%) higher.Compared to the rest of the nation it is roughly $259 (24%) higher, and compared to the city of Chicago it is roughly $209 (18%) higher.
Nearby places
New Lenox
New Lenox is roughly 5 miles north of Manhattan. Its real estate prices are a bit more expensive. The median home in New Lenox is valued at $294,800, which is $53,400 (18%) higher than Manhattan. Rents there are a bit less expensive. The median monthly rent in New Lenox is $1,143, which works out to $178 (15%) lower than Manhattan.
Preston Heights
Preston Heights is approximately 6 miles northwest from Manhattan. Housing prices there are significantly less expensive. The median home value in Preston Heights is $99,900, which works out to $141,500 (141%) lower than Manhattan. Rent there is significantly less expensive. The median monthly rent in Preston Heights is $988, which is $333 (33%) lower than Manhattan.
Ingalls Park
Ingalls Park is approximately 6 miles north from Manhattan. Its real estate prices are a lot less expensive. The price of the median home in Ingalls Park is $104,700, which is $136,700 (130%) lower than Manhattan. Rents there are substantially less expensive. In Ingalls Park the median monthly rent is $942, which works out to $379 (40%) lower than Manhattan.
Elwood
Elwood is approximately 6 miles west from Manhattan. The housing prices there are significantly less expensive. Elwood's median home value is $168,800, which comes out to $72,600 (43%) lower than Manhattan. Rent there is substantially less expensive. The median monthly rent in Elwood is $891, which is $430 (48%) lower than Manhattan.
Frankfort
Frankfort is about 7 miles northeast from Manhattan. The housing prices there are significantly more expensive. The median home in Frankfort costs $384,900, which is $143,500 (37%) higher than Manhattan. Its rents are somewhat less expensive. The median monthly rent in Frankfort is $1,240, which comes out to $81 (6%) lower than Manhattan.
