The story of this market
The typical home in ZIP 60442 sells for about $439,450, or $175 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,213 a month.
ZIP 60442 — Manhattan
The housing market in 60442 remains stable with steady demand for single-family homes, driven by the area's reputation for quality schools and suburban appeal. Prices have seen modest year-over-year growth, and inventory remains relatively tight, supporting a seller-friendly environment. The market is characterized by family-oriented buyers looking for long-term housing solutions.
This ZIP is ideal for families seeking a suburban lifestyle with high-quality schools and more space, as well as commuters who prefer a quieter residential environment within reach of major employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60442, Will County IL
Manhattan is generally considered a safe, low-crime community with rates significantly lower than the regional average for the Chicago metropolitan area.
The area is served by highly-rated public schools within the Lincoln-Way Community High School District and Manhattan School District 114, which are frequently cited as a primary draw for families.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and winter weather; flood risk is generally low but varies by specific parcel location.
The area is experiencing steady residential growth as a suburban expansion of the Chicago metro, with ongoing development of new single-family subdivisions and supporting retail infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily commute by car to employment hubs in the Chicago suburbs or downtown Chicago, with access to I-80 and nearby Metra commuter rail stations.
The area features several local parks, community sports fields, and proximity to forest preserves, offering ample space for outdoor activities and family-oriented recreation.
The rental market is characterized by low vacancy rates and high demand for single-family home rentals, with limited multi-family inventory available.
The local economy is supported by a mix of retail, local services, and a significant portion of residents who commute to the broader Chicago regional economy.
Transportation is heavily reliant on private vehicles, with major access provided by I-80 and local arterial roads connecting to regional transit hubs.
Development is focused on managed residential growth and the expansion of local commercial services to support the increasing population.
The Will County Supervisor of Assessments oversees the assessment process, which is based on market value and subject to state-mandated equalization factors.
Parcels are subject to various taxing districts, including school districts, library districts, and fire protection districts, which collectively determine the total tax burden.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk, which are common in the Midwest.
Data retrieved from US Census Bureau ZCTA profile for 60442.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A historic site and community park offering walking trails and open space.
Provides various sports facilities, playgrounds, and community programming.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).