Mankato, MN

Population: 39,782
Average annual home appreciation rate: 0.52%
Total of homes for sale in this market: 239
Median home price: $146,495
Median Rent: $652 per room
Home price range: 57.05% of homes are between $96,001 – $191,000
Median sales price: NO DATA
Number of homes: 20
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 48.91% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.55%
Number of renters: 45.10%
Number of owner occupied: 54.90%
Number people living below poverty level: 27.23%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Mankato area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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