North Mankato, MN


Highest Appreciating North Mankato Neighborhoods Since 2000

North Mankato, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

North Mankato Housing Market Information

With 13,529 people, 5,858 houses or apartments, and a median cost of homes of $206,089, North Mankato real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Mankato, accounting for 60.72% of the city's housing units. Other types of housing that are prevalent in North Mankato include large apartment complexes or high rise apartments ( 15.64%), duplexes, homes converted to apartments or other small apartment buildings ( 9.05%), and a few row houses and other attached homes ( 8.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Mankato. Owner-occupied housing accounts for 71.98% of North Mankato's homes, and 56.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Mankato built from 1970 to 1999 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 North Mankato built between 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.57%). There's also some housing in North Mankato built before 1939 ( 16.76%).

North Mankato Home Appreciation Rates

Real estate appreciation rates in North Mankato's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

Over the last year, North Mankato appreciation rates have trailed the rest of the nation. In the last twelve months, North Mankato's appreciation rate has been 3.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Mankato were at -0.26%, which equates to an annual appreciation rate of -1.04%.

Relative to Minnesota, our data show that North Mankato's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values


Median Home Value:

North Mankato, MN HOME PRICES

Value Range
> $1,104,000 0.4
$828,001 - $1,104,000 0.1
$552,001 - $828,000 0.2
$442,001 - $552,000 1.2
$331,001 - $442,000 4.8
$221,001 - $331,000 24.7
$110,001 - $221,000 56.6
$55,001 - $110,000 4.3
$0 - $55,000 7.7

High for MN
High for Nation

Value Relative to Nation Value Relative to State
30.792218446033 39.0143737166324

Number Of Homes And Apartments:

North Mankato Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.67% 1.56% 4 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$988 / per month

Homeownership Rate

Owners 71.98
Renters 28.02
Vacant 2.20

Housing Market Details


Age of Homes

AGE OF North Mankato HOMES
2000 or Newer 19.6
1970 - 1999 39.6
1940 - 1969 24.1
1939 or Older 16.8

Types of Homes

TYPE OF North Mankato HOMES
Single-Family 60.7
Townhomes 8.2
Small Apt. Buildings 9.0
Apt. Complexes 15.6
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF North Mankato HOMES
No Bedroom 0.15
1 Bedroom 7.83
2 Bedrooms 30.22
3 Bedrooms 34.59
4 Bedrooms 21.52
5 or more bedrooms 5.69

Popular Neighborhoods in North Mankato

Zip Codes in North Mankato, MN