Median price for residential apartments in Mankato, MN as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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167 Mankato, MN, USA apartments for sale
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Mankato
According to statistics, the population in Mankato, MN amounts to 41,241, which shows decline 1% compared to the previous year. The median age of the city’s residents is 26. The average household income is $45,035, shifting growth 3% from the past year, and the average property value in Mankato, MN growth 4% to $165,600 throughout the year.
| Population | 41,241 |
| Median Age | 25.5 |
| Poverty Rate | 24% |
| Household Income | $45,035 |
| Number Of Employees | 23,706 |
| Median Property Value | $165,600 |
Household Income
The average household income in Mankato, MN grew from $43,808 to $45,035 in the past year. This data is an estimate based upon 16,029 households in Mankato, MN . The chart below presents how household income is distributed in Mankato, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Mankato, MN shifted from $159,500 to $165,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mankato, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mankato, MN properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Mankato, MN compared to median property taxes around the country. The prevalent amount of property taxes in Mankato, MN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Mankato, MN, USA
Average apartment sale in Mankato: $301,598 (-1.7%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $299,900 | -0.7% |
| 2-bed apartments | $219,065 | -5.7% |
| 3-bed apartments | $274,612 | -0.1% |
| 4+ bed apartments | $394,844 | -1% |
During Dec 2022, the average price for an apartment in/near Mankato, MN decreased by 1.7% to $301,598.
Knowing the current property prices is key if you plan to buy a studio in Mankato, MN. The average price for a studio has decreased since the last month, currently being $299,900. Asking price for 2-bed apartment also decreased by 5.7% and a place of this size will now cost you $219,065. A 3-bed apartment goes for $274,612, it decreased by 0.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1% and made it down to $394,844.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Condos for sale | $386,523 | +11% |
| Duplexes for sale | $156,500 | -3.9% |
| Houses for sale | $292,189 | -3.1% |
| Lofts for sale | $447,450 | +0% |
| Townhouses for sale | $254,495 | +0% |
| Land for sale | $299,900 | -0.7% |
Price reports demonstrate that house price decreased by 3.1% this month making it up to $292,189. Condos are really in demand in this season. The median price for a condo increased by 11%, it’s now available for $386,523. You can now purchase a duplex for just $156,500, duplex price decreased by 3.9% this month. The price statistics of lofts have not significantly changed, it now still goes for $447,450. Value of the townhouses didn’t change, the price still starts at $254,495. The average price of the land for sale in Mankato, MN has decreased by 0.7%, and now equals $299,900.
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