Mandan, ND Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mandan, ND Housing Market Trends

With 22,752 people, 9,856 houses or apartments, and a median cost of homes of $247,108, 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 55.60% of the city's housing units. Other types of housing that are prevalent in Mandan include large apartment complexes or high rise apartments ( 17.52%), mobile homes or trailers ( 12.87%), and a few row houses and other attached homes ( 7.25%).

The most prevalent building size and type in Mandan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.49% owning and 36.51% renting.

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 ( 30.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.15%). There's also some housing in Mandan built before 1939 ( 8.27%).

Mandan Home Appreciation Rates

Appreciation rates for homes in Mandan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.08%, which ranks in the top 30% nationwide. This equates to an annual average Mandan house appreciation rate of 4.14%.

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 1.96%, 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 1.13%, which equates to an annual appreciation rate of 4.59%.

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:
$247,108

Mandan, ND HOME PRICES

> $1,062,000
1.3%
1.3%
$797,001 - $1,062,000
0.4%
0.4%
$531,001 - $797,000
5.3%
5.3%
$425,001 - $531,000
6.2%
6.2%
$319,001 - $425,000
12.6%
12.6%
$213,001 - $319,000
37.4%
37.4%
$106,001 - $213,000
28.2%
28.2%
$53,001 - $106,000
3.0%
3.0%
$0 - $53,000
5.7%
5.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for ND

Value Relative To Nation

Number Of Homes And Apartments:
9,856

Mandan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
122.22% 3.88%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$945 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.0%
30.0%
1970 - 1999
40.5%
40.5%
1940 - 1969
21.1%
21.1%
1939 or Older
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.6%
55.6%
Townhomes
7.2%
7.2%
Small Apt. Buildings
6.8%
6.8%
Apt. Complexes
17.5%
17.5%
Mobile Homes
12.9%
12.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
10.2%
10.2%
2 Bedrooms
30.8%
30.8%
3 Bedrooms
25.9%
25.9%
4 Bedrooms
25.2%
25.2%
5 or more bedrooms
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Mandan

Popular Communities Near Mandan, ND

Zip Codes in Mandan, ND