Mankato, KS offers an affordable housing market compared to the national average. The median value for homes in Mankato is $82,900 compared to the US House Median Value of $338,100. While the US 1 year House Appreciation rate is 8.27%, the House 1 year appreciation rate in Mankato, KS is even higher at 10.51%. This makes now a great time to purchase a home in Mankato as there is potential for increased value over the coming years. It's also worth noting that with such low prices, this could be an attractive area for first-time home buyers as well as investors looking to capitalize on this unique opportunity.
The median home cost in Mankato is $82,900. Home appreciation the last 10 years has been 59.6%. Home Appreciation in Mankato is up 13.8%.
Average Age of Homes
- The median age of Mankato real estate is 65 years old
The Rental Market in Mankato
- Renters make up 23.6% of the Mankato population
- 1.6% 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.