Mandan, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mandan Neighborhoods Since 2000




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 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

Mandan Housing Market Information

With 21,382 people, 8,586 houses or apartments, and a median cost of homes of $216,936, 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 62.45% of the city's housing units. Other types of housing that are prevalent in Mandan include mobile homes or trailers ( 13.42%), large apartment complexes or high rise apartments ( 12.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.31%).

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 69.16% of Mandan's homes, and 56.18% 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 1940-1969 ( 24.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.11%). There's also some housing in Mandan built before 1939 ( 10.93%).

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 54.44% over the last ten years, which is an average annual home appreciation rate of 4.44%, 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.

NeighborhoodScout's data show that during the latest twelve months, Mandan's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Mandan's appreciation rate has been 0.66%, which annualizes to a rate of 2.66%.

Relative to North Dakota, our data show that Mandan's latest annual appreciation rate is higher than 50% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$216,936

Mandan, ND HOME PRICES

Value Range
> $1,195,000 0.7
$896,001 - $1,195,000 0.7
$598,001 - $896,000 3.0
$478,001 - $598,000 1.7
$359,001 - $478,000 6.3
$239,001 - $359,000 23.7
$120,001 - $239,000 44.0
$60,001 - $120,000 9.4
$0 - $60,000 10.4

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
28.3194656041252 17.6991150442478

Number Of Homes And Apartments:
8,586

Mandan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
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
112.59% 4.47% 3 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$840 / per month

Homeownership Rate

Homeownership
Owners 69.16
Renters 30.84
Vacant 3.88

Housing Market Details

 

Age of Homes

AGE OF Mandan HOMES
2000 or Newer 18.1
1970 - 1999 46.7
1940 - 1969 24.3
1939 or Older 10.9

Types of Homes

TYPE OF Mandan HOMES
Single-Family 62.5
Townhomes 4.1
Small Apt. Buildings 7.3
Apt. Complexes 12.7
Mobile Homes 13.4
Other 0.0

Home Size

SIZE OF Mandan HOMES
No Bedroom 1.29
1 Bedroom 8.41
2 Bedrooms 26.61
3 Bedrooms 32.23
4 Bedrooms 23.96
5 or more bedrooms 7.51

Popular Neighborhoods in Mandan

Popular Communities Near Mandan, ND

Zip Codes in Mandan, ND