Mankato, MN offers an impressive median housing value of $271,000, which is significantly lower than the national median of $338,100. This gives potential homeowners in Mankato the opportunity to own a home without spending too much money. What's even more remarkable is that Mankato has experienced a 11.33% appreciation rate for its homes within the past year - higher than the US average of 8.27%. This suggests that real estate in Mankato is a great investment, and it's no wonder why many are choosing to make Mankato their next home.
The median home cost in Mankato is $271,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Mankato is up 11.6%.
Average Age of Homes
- The median age of Mankato real estate is 41 years old
The Rental Market in Mankato
- Renters make up 43.0% of the Mankato population
- 3.7% of houses and apartments in Mankato, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.