North Mankato, MN Foreclosures
How much do homes sell for in North Mankato, MN?
The average home price is currently $358,240.
In North Mankato, MN, how many homes are available?
There are currently 16 active home listings available in North Mankato.
What’s the average rental cost in North Mankato, MN?
The average rental price in North Mankato is $1,630.
What is the most expensive home in North Mankato?
The most expensive home sold in North Mankato had a price of $3,808,262.
What is currently the cheapest priced home in North Mankato, MN?
The cheapest home for sale in North Mankato is priced at $28,232.
Living in North Mankato, MN
North Mankato, located in southern Minnesota, is a charming suburb known for its welcoming community and family-friendly atmosphere. The area features a good mix of residential options, parks, and recreational facilities, making it an ideal place for young families and retired individuals alike. With its close proximity to Mankato, residents enjoy access to urban amenities while living in a serene suburban setting.
Current Market Conditions in North Mankato, MN
Currently, North Mankato's real estate market is competitive, with a noticeable increase in demand for housing in the area. Many buyers, including young families and retirees, are drawn to the suburb for its quality of life and amenities. The inventory for homes is decreasing, contributing to quicker sales and rising prices, particularly in desirable neighborhoods.
This year has seen a strong appreciation in home values, as the suburb continues to attract new residents while maintaining its appeal for local families. The market shows signs of stability with moderate growth projected, making it an interesting area for real estate investment.
Home Value Estimator For North Mankato, MN
There are currently 4,490 real estate properties
in North Mankato, MN,
with a median automated valuation model (AVM) price
of $324,435.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in North Mankato, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in North Mankato, MN,
is $358,240.00, with the most expensive house
in North Mankato, MN, topping out
at $3,808,262.00 and the cheapest home
in North Mankato, MN,
clocking in at $28,232.00. In other words, there’s
something for every potential homebuyer
or savvy investor in North Mankato, MN!
Rent Prices
In North Mankato, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in North Mankato, MN, is on
a rollercoaster ride. The
average rent price in North Mankato, MN,
is $1,630.00. Indeed, when looking to rent in
North Mankato, MN, you can expect to pay as little
as $830.00 or as much
as $3,840.00,
with the average rent median estimated to
be $1,590.00. The good news is that finding
an affordable and desirable property to rent in North Mankato, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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