Housing in Mankato-North Mankato Metro Area, Minnesota

The median home cost in Mankato-North Mankato Metro Area is $203,107. Home appreciation the last 10 years has been 25.6%. Home Appreciation in Mankato-North Mankato Metro Area is up 6.9%. Browse Mankato-North Mankato Metro Area Real Estate

Average Age of Homes

- The median age of Mankato-North Mankato Metro Area real estate is 39 years old

The Rental Market in Mankato-North Mankato Metro Area

- Renters make up 29.7% of the Mankato-North Mankato Metro Area population
- 2.1% of houses and apartments in Mankato-North Mankato Metro Area, are available to rent

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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.

HOUSING	Mankato-North Mankato, Minnesota	United States
Median Home Age	42	40
Median Home Cost	$203,107	$231,200
Home Appr. Last 12 months	6.9%	6.7%
Home Appr. Last 5 yrs.	27.2%	35.6%
Home Appr. Last 10 yrs.	25.6%	27.4%
Property Tax Rate	$10.37	$11.78
Property Taxes Paid	$2,106	$2,724
Homes Owned	61.1%	56.0%
Housing Vacant	6.9%	12.2%
Homes Rented	32.1%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,312	$1,470
Studio Apartment	$634	$821
1 Bedroom Home or Apartment	$715	$930
2 Bedroom Home or Apartment	$924	$1,148
3 Bedroom Home or Apartment	$1,302	$1,537
4 Bedroom Home or Apartment	$1,623	$1,791
VACANT HOUSING
Vacant For Rent	2.1%	2.1%
Vacant Rented	0.2%	0.5%
Vacant For Sale	0.5%	1.0%
Vacant Sold	0.1%	0.5%
Vacant Vacation	1.0%	4.0%
Vacant Other	3.0%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	4.4%	3.5%
$20,000 to $39,999	1.9%	3.1%
$40,000 to $59,999	1.6%	3.9%
$60,000 to $79,999	2.5%	5.4%
$80,000 to $99,999	4.2%	6.3%
$100,000 to $149,999	21.3%	14.7%
$150,000 to $199,999	26.6%	14.6%
$200,000 to $299,999	24.3%	18.7%
$300,000 to $399,999	8.2%	11.0%
$400,000 to $499,999	2.6%	6.2%
$500,000 to $749,999	1.7%	7.0%
$750,000 to $999,999	0.5%	2.7%
$1,000,000 to $1,499,999	0.3%	1.5%
$1,500,000 to $1,999,999	0.0%	0.5%
$2,000,000 and over	0.0%	0.7%