Mankato Metro Area, MN Housing

The housing market in Mankato-North Mankato, MN Metro Area is thriving. The median value of a house is $266,400 which is lower than the US median of $338,100. This means that it is an affordable area to buy a home. Additionally, the appreciation rate for homes over the past year has been 10.74%, much higher than the national average of 8.27%. This makes Mankato-North Mankato a great option for anyone looking to invest in real estate or purchase a home.

The median home cost in Mankato Metro Area is $266,400. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Mankato Metro Area is up 11.6%.

Average Age of Homes

- The median age of Mankato Metro Area real estate is 42 years old

The Rental Market in Mankato Metro Area

- Renters make up 29.7% of the Mankato Metro Area population
- 2.1% of houses and apartments in Mankato Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mankato, Minnesota	United States
	42,308.0	139,647,020.0
	44	42
	$266,400	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.67	$10.98
	$2,240	$2,690
	62.1%	57.4%
	7.0%	11.2%
	31.0%	31.4%
Vacant Housing
	2.1%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	1.2%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	2.3%	2.4%
	1.2%	2.8%
	1.6%	3.9%
	3.0%	4.5%
	13.6%	11.3%
	21.4%	13.0%
	30.4%	20.1%
	12.3%	13.6%
	4.9%	8.3%
	3.7%	9.7%
	0.6%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	16.1%	13.6%
	16.1%	13.6%
	11.6%	13.6%
	9.7%	13.2%
	12.5%	14.8%
	11.6%	13.6%
	8.2%	10.0%
	4.5%	4.7%
	19.1%	12.2%

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