Mandan, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Mandan, ND 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Mandan Housing Market Information

With 22,228 people, 9,717 houses or apartments, and a median cost of homes of $212,367, Mandan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mandan, accounting for 57.76% of the city's housing units. Other types of housing that are prevalent in Mandan include large apartment complexes or high rise apartments ( 17.61%), mobile homes or trailers ( 13.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mandan. Owner-occupied housing accounts for 65.55% of Mandan's homes, and 49.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mandan 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 Mandan built between 2000 and later ( 27.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.07%). There's also some housing in Mandan built before 1939 ( 9.08%).

Mandan Home Appreciation Rates

In the last 10 years, Mandan has experienced some of the highest home appreciation rates of any community in the nation. Mandan real estate appreciated 42.71% over the last ten years, which is an average annual home appreciation rate of 3.62%, putting Mandan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mandan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Mandan appreciation rates have trailed the rest of the nation. In the last twelve months, Mandan's appreciation rate has been -1.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mandan were at -0.96%, which equates to an annual appreciation rate of -3.80%.

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 lower than 90% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$212,367

Mandan, ND HOME PRICES

Value Range
> $1,026,000 1.4
$769,001 - $1,026,000 0.6
$513,001 - $769,000 3.6
$410,001 - $513,000 3.1
$308,001 - $410,000 8.5
$205,001 - $308,000 31.1
$103,001 - $205,000 35.5
$51,001 - $103,000 4.4
$0 - $51,000 11.8

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
34.4 16.6666666666667

Number Of Homes And Apartments:
9,717

Mandan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
104.88% 3.80%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 65.55
Renters 34.45
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Mandan HOMES
2000 or Newer 27.6
1970 - 1999 41.3
1940 - 1969 22.1
1939 or Older 9.1

Types of Homes

TYPE OF Mandan HOMES
Single-Family 57.8
Townhomes 5.3
Small Apt. Buildings 5.8
Apt. Complexes 17.6
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF Mandan HOMES
No Bedroom 2.14
1 Bedroom 8.64
2 Bedrooms 30.65
3 Bedrooms 27.45
4 Bedrooms 22.03
5 or more bedrooms 9.10

Popular Neighborhoods in Mandan

Popular Communities Near Mandan, ND

Zip Codes in Mandan, ND