Zip 56001 (Mankato, MN) Housing

The housing market in Mankato, MN (zip code 56001) is doing well. The median value of a house in the area is $255,800, which is slightly lower than the national median value of $338,100. However, the appreciation rate for houses in Mankato has been higher than the national rate over the past year with an 11.33% increase compared to 8.27%. This suggests that there is strong demand for homes in the area and prospective buyers may face competition when searching for their ideal home.

The median home cost in Mankato (zip 56001) is $255,800. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Mankato (zip 56001) is up 11.6%.

Average Age of Homes

- The median age of Mankato (zip 56001) real estate is 41 years old

The Rental Market in Mankato (zip 56001)

- Renters make up 38.5% of the Mankato (zip 56001) population
- 3.3% of houses and apartments in Mankato (zip 56001), 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
	21,123.0	139,647,020.0
	42	42
	$255,800	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.11	$10.98
	$2,125	$2,690
	52.0%	57.4%
	7.9%	11.2%
	40.1%	31.4%
Vacant Housing
	3.3%	1.9%
	1.1%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	0.9%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	2.6%	2.4%
	0.7%	2.8%
	1.0%	3.9%
	2.4%	4.5%
	11.4%	11.3%
	23.1%	13.0%
	30.7%	20.1%
	12.7%	13.6%
	4.1%	8.3%
	4.4%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	16.3%	13.6%
	16.3%	13.6%
	11.4%	13.6%
	8.7%	13.2%
	11.4%	14.8%
	11.4%	13.6%
	8.3%	10.0%
	4.9%	4.7%
	16.7%	12.2%

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