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Mandan, ND Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mandan, ND Housing Market Trends

With a population of 24,447, 9,697 total housing units (homes and apartments), and a median house value of $292,666, Mandan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mandan, accounting for 58.78% of the city's housing units. Other types of housing that are prevalent in Mandan include large apartment complexes or high rise apartments ( 18.18%), mobile homes or trailers ( 13.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mandan. Owner-occupied housing accounts for 66.14% of Mandan's homes, and 55.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mandan built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mandan built between 2000 and later ( 28.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.59%). There's also some housing in Mandan built before 1939 ( 7.83%).

Vacant housing appears to be an issue in Mandan. Fully 10.89% of the housing stock is classified as vacant. Left unchecked, vacant Mandan homes and apartments can be a drag on the real estate market, holding Mandan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mandan Home Appreciation Rates

Mandan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mandan during the period has been just 4.33%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Mandan's appreciation rate, at 9.50%, has been at or slightly above the national average. In the latest quarter, Mandan's appreciation rate has been 0.23%, which annualizes to a rate of 0.94%.

Relative to North Dakota, our data show that Mandan's latest annual appreciation rate is higher than 80% of the other cities and towns in North Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mandan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mandan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mandan real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$292,666

Mandan, ND Home Prices
> $1,209,000
$907,001 - $1,209,000
$604,001 - $907,000
$484,001 - $604,000
$363,001 - $484,000
$242,001 - $363,000
$121,001 - $242,000
$61,001 - $121,000
$0 - $61,000
0.5%
0.5%
2.7%
2.7%
8.6%
8.6%
6.5%
6.5%
16.5%
16.5%
30.9%
30.9%
26.8%
26.8%
3.7%
3.7%
3.8%
3.8%
0% 100.0%
% of Homes
Very High

for North dakota

High

for nation

Number of Homes And Apartments:

9,697

Mandan Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,208 / per month

Homeownership Rate

Owners
Renters
Vacant
66.1%
66.1%
33.9%
33.9%
10.9%
10.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.9%
28.9%
43.7%
43.7%
19.6%
19.6%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.8%
58.8%
4.2%
4.2%
5.7%
5.7%
18.2%
18.2%
13.2%
13.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
11.0%
11.0%
24.2%
24.2%
31.9%
31.9%
23.2%
23.2%
7.6%
7.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Mandan

Popular Communities Near Mandan, ND

Zip Codes in Mandan, ND