Mankato, MN Real Estate
According to census data in the year 2000 there were 12,733 housing units in Mankato.
This represents a 8.9% growth from 11,688 in 1990.
Of those housing units, 12,678 were located in either urbanized areas or urban clusters, and 55 were located in what is classified as a rural area.
Homeownership rate in Mankato is about 52.9%.
Mankato's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Mankato were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 19.50% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 30.40% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $97,400 |
| Median Price asked for vacant units | $116,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $458 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 10.20% |
| Simple Mortgage | 48.10% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
