Zip 56003 (North Mankato, MN) Housing

The housing market in 56003 North Mankato, MN is thriving. The median value of homes in this area is currently $280,500 and is expected to appreciate by 11.33% in the next year. This is higher than the national median house value of $338,100 and the US 1 year appreciation rate of 8.27%. With these figures in mind, it is clear that investing in a home in North Mankato would be a great long-term decision.

The median home cost in North Mankato (zip 56003) is $280,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in North Mankato (zip 56003) is up 11.6%.

Average Age of Homes

- The median age of North Mankato (zip 56003) real estate is 39 years old

The Rental Market in North Mankato (zip 56003)

- Renters make up 26.1% of the North Mankato (zip 56003) population
- 2.1% of houses and apartments in North Mankato (zip 56003), 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	North Mankato, Minnesota	United States
	6,596.0	139,647,020.0
	39	42
	$280,500	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$11.84	$10.98
	$2,612	$2,690
	73.8%	57.4%
	4.4%	11.2%
	21.8%	31.4%
Vacant Housing
	2.1%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	3.2%	2.4%
	1.6%	2.8%
	0.2%	3.9%
	1.3%	4.5%
	11.1%	11.3%
	20.7%	13.0%
	38.4%	20.1%
	8.3%	13.6%
	7.1%	8.3%
	2.9%	9.7%
	0.3%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	18.8%	13.6%
	18.8%	13.6%
	12.5%	13.6%
	15.3%	13.2%
	12.4%	14.8%
	12.5%	13.6%
	8.3%	10.0%
	4.6%	4.7%
	12.7%	12.2%

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