Median price for residential apartments in North 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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73 North Mankato, MN 56003, USA apartments for sale
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North Mankato
According to statistics, the population in North Mankato, MN amounts to 13,583, which shows decline 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $61,900, shifting growth 6% from the past year, and the average property value in North Mankato, MN growth 3% to $176,300 throughout the year.
| Population | 13,583 |
| Median Age | 38 |
| Poverty Rate | 8% |
| Household Income | $61,900 |
| Number Of Employees | 7,664 |
| Median Property Value | $176,300 |
Household Income
The average household income in North Mankato, MN grew from $58,207 to $61,900 in the past year. This data is an estimate based upon 5,751 households in North Mankato, MN . The chart below presents how household income is distributed in North Mankato, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in North Mankato, MN shifted from $170,800 to $176,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in North 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 North 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 North Mankato, MN compared to median property taxes around the country. The prevalent amount of property taxes in North Mankato, MN equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in North Mankato, MN 56003, USA
Average apartment sale in North Mankato: $297,169 (+7.1%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $191,576 | +170.6% |
| 2-bed apartments | $227,148 | -4.9% |
| 3-bed apartments | $259,236 | +13.9% |
| 4+ bed apartments | $403,080 | +1.8% |
During Dec 2022, the average price for an apartment in/near North Mankato, MN increased by 7.1% to $297,169.
Knowing the current property prices is key if you plan to buy a studio in North Mankato, MN. The average price for a studio has increased since the last month, currently being $191,576. Asking price for 2-bed apartment also decreased by 4.9% and a place of this size will now cost you $227,148. A 3-bed apartment goes for $259,236, it increased by 13.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 1.8% and made it up to $403,080.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Duplexes for sale | $219,450 | +0% |
| Houses for sale | $339,770 | +4.9% |
| Land for sale | $191,576 | +170.6% |
| Condos for sale | $255,900 | -1.2% |
Price reports demonstrate that house price increased by 4.9% this month making it up to $339,770. Condos faced an upward trend these days. The median price for a condo decreased by 1.2%, it’s now available for $255,900. An average value of duplex is $219,450, thus a median price for a duplex remains the same this month. The average price of the land for sale in North Mankato, MN has increased by 170.6%, and now equals $191,576.
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