Mandan appreciation rates and housing market information

Mandan housing market information

With 16,739 people, 6,952 houses or apartments, and a median cost of homes of $133,766, Mandan real estate is some of the most expensive in North Dakota, although Mandan home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Mandan, accounting for 55.96% of the city's housing units. Other types of housing that are prevalent in Mandan include mobile homes or trailers (18.94%), large apartment complexes or high rise apartments (12.20%), duplexes, homes converted to apartments, or other small apartment buildings (9.39%), and a few row houses and other attached homes (3.51%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mandan. Owner-occupied housing accounts for 67.13% of Mandan's homes, and 53.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mandan built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mandan built from 1940-1969 (29.07%). A lesser amount of the housing stock also hails from 1939 and earlier (11.66%), and some were built from 1995 and later (11.66%).

Mandan home appreciation rates

Mandan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mandan during the period has been just 6.07%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Mandan home appreciation rates, at 0.28%, have been at or slightly above the national average. In the latest quarter, Mandan's appreciation rate has been -1.53%, which annualizes to a rate of -6.12%.

Notably, Mandan's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Mandan's latest annual appreciation rate is higher than 4% of the other cities and towns in North Dakota.