Why Live in Alexander Park
Alexander Park is a residential neighborhood in Mankato, blending suburban charm with urban convenience. Located about a mile from Riverfront Drive's shops and restaurants, Alexander Park is also near major job hubs like Bethany Lutheran College and the Mayo Clinic Health System, making the community easily accessible. The neighborhood has historical homes dating back to the 1880s on quarter-acre lots. Homes are mostly over 2,000 square feet, including ranch-style, colonial and Cape Cod designs. The community is primarily owner-occupied.
Families in Alexander Park have access to highly rated schools in the Mankato Area Public Schools, including Washington Elementary, Prairie Winds Middle School, and Mankato East High. For higher education, Bethany Lutheran College and Minnesota State University are nearby. Alexander Park provides recreational features such as a basketball court, playground, and tennis court. The neighborhood is also close to several trails and parks, including the Red Jacket Trail and Mount Kato, a popular skiing destination 9 miles away.
Residents enjoy dining options like Nolabelle Kitchen + Bar and Ummie’s. Grocery stores include Aldi and Target. The River Hills Mall is 3 miles away, offering additional shopping. Public transit is provided by the Mankato Transit System.
Frequently Asked Questions
Is Alexander Park a good place to live?
Alexander Park is a good place to live. Alexander Park is considered somewhat walkable and bikeable with some transit options. Alexander Park is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Alexander Park has 2 parks for recreational activities. It is fairly sparse in population with 3.4 people per acre and a median age of 33. The average household income is $85,045 which is below the national average. College graduates make up 41% of residents. A majority of residents in Alexander Park are home owners, with 45.9% of residents renting and 54.1% of residents owning their home. A
local real estate agent serving Alexander Park can help you decide if this neighborhood is the right one for you. Learn more on our
Alexander Park neighborhood guide.
Is Alexander Park, MN a safe neighborhood?
Alexander Park, MN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Alexander Park?
The median home price in Alexander Park is $276,750. If you put a 20% down payment of $55,400 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $1,360 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $58K a year to afford the median home price in Alexander Park. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Alexander Park is $85K.
What are the best public schools in Alexander Park?
The best public schools that serve Alexander Park are:
What are the best private schools in Alexander Park?
The best private schools that serve Alexander Park are:
What are the most popular zip codes in Alexander Park, Mankato, MN?
What are the most popular neighborhoods near Alexander Park, Mankato, MN?
Home Trends in Alexander Park, MN
On average, homes in Alexander Park, Mankato sell after 30 days on the market compared to the national average of 56 days. The median sale price for homes in Alexander Park, Mankato over the last 12 months is $240,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$240,000
Median Single Family Sale Price
$274,000
Average Price Per Sq Ft
$129
Number of Homes for Sale
3
Last 12 months Home Sales
15
Median List Price
$276,750
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-8%