Why Live in Peacepipe Park
Peacepipe Park is a serene neighborhood situated approximately two and a half miles east of Old Town Mankato. This established community is centered around Peacepipe Park itself, which provides residents with a tranquil environment. The neighborhood is also centrally located in relation to various amenities, including shopping, schools and a hospital. The area features a mix of ranch-style and split-level homes, mostly built in the late '70s and early '80s, and has broad streets and ample parking. The Mankato Public School District serves the area, with highly rated schools such as Kennedy Elementary, Prairie Winds Middle and Mankato East Senior High, which offers Advanced Placement classes and AVID programs.
The namesake park is a focal point, featuring playground equipment, a pavilion, and a barbecue pit, surrounded by shaded areas with oaks and elms. Nearby Erlandson Park provides additional recreational options, including athletic fields, a playground, picnic spots, an outdoor ice skating rink and a decorative garden. For dining, residents can enjoy authentic Mexican cuisine at El Mazatlan Mexican Restaurant or visit the Olde Brick House for a classic Irish experience. Grocery shopping is convenient with a Walmart Supercenter located on Madison Avenue.
The neighborhood is somewhat walkable, with sidewalks on most streets, though many residents rely on cars for transportation. Public transportation is available with several bus stops along Holly Lane and Black Eagle Drive. Mankato Regional Airport is about 6 miles northeast, while Minneapolis-St. Paul International Airport, which offers a wider range of flights, is approximately 77 miles away.
Frequently Asked Questions
Is Peacepipe Park a good place to live?
Peacepipe Park is a good place to live. Peacepipe Park is considered somewhat walkable and somewhat bikeable. Peacepipe Park is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Peacepipe Park has 2 parks for recreational activities. It is somewhat dense in population with 6.6 people per acre and a median age of 38. The average household income is $91,750 which is below the national average. College graduates make up 41.5% of residents. A majority of residents in Peacepipe Park are home owners, with 35.2% of residents renting and 64.8% of residents owning their home. A
local real estate agent serving Peacepipe Park can help you decide if this neighborhood is the right one for you. Learn more on our
Peacepipe Park neighborhood guide.
Is Peacepipe Park, MN a safe neighborhood?
Peacepipe 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 Peacepipe Park?
The median home price in Peacepipe Park is $289,950. If you put a 20% down payment of $58,000 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $1,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $61K a year to afford the median home price in Peacepipe Park. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Peacepipe Park is $92K.
What are the best public schools in Peacepipe Park?
The best public schools that serve Peacepipe Park are:
What are the best private schools in Peacepipe Park?
The best private schools that serve Peacepipe Park are:
What are the most popular zip codes in Peacepipe Park, Mankato, MN?
What are the most popular neighborhoods near Peacepipe Park, Mankato, MN?
Are home prices dropping in Peacepipe Park?
Yes, home prices in Peacepipe Park are down 7% in the last 12 months.
Home Trends in Peacepipe Park, MN
On average, homes in Peacepipe Park, Mankato sell after 33 days on the market compared to the national average of 53 days. The median sale price for homes in Peacepipe Park, Mankato over the last 12 months is $275,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$275,000
Median Single Family Sale Price
$299,900
Median Townhouse Sale Price
$265,000
Average Price Per Sq Ft
$144
Number of Homes for Sale
4
Last 12 months Home Sales
47
Median List Price
$289,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%