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North Mankato, MN Real Estate


According to census data in the year 2000 there were 5,023 housing units in North Mankato. This represents a 27.8% growth from 3,930 in 1990.

Of those housing units, 5,021 were located in either urbanized areas or urban clusters, and 2 were located in what is classified as a rural area.

Homeownership rate in North Mankato is about 73.2%. North Mankato's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.48 people.

The majority of houses, apartments or condos in North Mankato were built after 1973.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom9.10%
Two Bedrooms27.90%
Three Bedrooms36.20%
Four Bedrooms22.30%
Five Bedrooms or more3.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1972
Median Value of occupied units$120,600
Median Price asked for vacant units$87,800

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1975
Median Monthly Rent asked for vacant units$1,571

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage8.20%
Home Equity Loan16.10%
Simple Mortgage51.90%
Debt Free23.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%