The story of this market
The typical home in ZIP 60950 sells for about $319,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,090 a month.
ZIP 60950 — Manteno
The Manteno housing market shows steady appreciation and consistent demand, supported by its suburban appeal and proximity to Chicago. While inventory remains tight, the market is balanced by moderate price growth and a stable local economy. Investors should note that operating margins require careful management due to local tax structures.
This ZIP is well-suited for family buyers seeking suburban affordability and commuters who prioritize access to the Chicago metro area while maintaining a small-town lifestyle.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 5.9% — 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 6.9%/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 4.8%/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 60950, Kankakee County IL
Crime rates in Manteno are generally lower than the Illinois state average, with property crime being the primary concern in the broader Kankakee County region.
Schools in the Manteno Community Unit School District 5 are generally well-regarded, often receiving above-average ratings for student progress and college readiness.
The area faces moderate risk from severe thunderstorms and occasional flooding near the Kankakee River basin, with standard insurance requirements for homeowners.
Economic momentum is driven by proximity to the Chicago metropolitan area and local industrial parks, with ongoing infrastructure improvements along the I-57 corridor.
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.
Commuters primarily utilize I-57 for access to the Chicago employment core, with average commute times reflecting a suburban-to-urban transit profile.
The area features local parks such as Manteno Sportsmen's Club and nearby forest preserves, with shopping and dining concentrated along the Main Street corridor.
The rental market is characterized by stable demand and limited vacancy, though investors often face challenges with operating margins due to tax structures.
The local economy is anchored by logistics, manufacturing, and regional retail, with significant employment ties to the broader Kankakee County industrial base.
The area is served by I-57, providing a direct corridor to Chicago, with limited public transit options relying primarily on regional bus services.
Development is focused on mixed-use expansion near the downtown core and industrial growth along the I-57 corridor.
Kankakee County utilizes a mass appraisal system to determine property values, with assessments updated periodically to reflect market conditions.
Parcels are subject to Manteno CUSD 5 school taxes and various local utility and fire protection district levies.
Property insurance premiums are stable, though hazard coverage for wind and storm damage is a standard consideration for local homeowners.
Data retrieved from data.census.gov ZCTA 60950 profile.
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.
Local facility for outdoor activities and community events.
Central hub for local dining and small business retail.
Regional destination for hiking, fishing, and nature trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.