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 Type | 1.20% |
| One Bedroom | 9.10% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 36.20% |
| Four Bedrooms | 22.30% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $120,600 |
| Median Price asked for vacant units | $87,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $1,571 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 16.10% |
| Simple Mortgage | 51.90% |
| Debt Free | 23.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
