Why Live in Rasmussen Park
Rasmussen Park in Mankato is a vibrant neighborhood adjacent to the Minnesota State University Mankato campus. The area is characterized by its diverse housing options, including apartments, single-family homes, and nursing homes, with properties dating from the 1960s to the early 2000s. Home styles predominantly feature bi-level and ranch architecture, with many homes exceeding 2,000 square feet. The neighborhood is served by Mankato Area Public Schools, with highly rated institutions such as Jefferson Elementary, Dakota Meadows Middle, and Mankato West High, which is noted for its high graduation rate and extracurricular offerings. Rasmussen Woods, a 150-acre nature preserve, is a key feature of the area, offering trails that connect to the Red Jacket Trail and unique floating paths through wetlands. Dining options abound, with both chain and local restaurants nearby, including Weggy’s on Campus and Mankato staples like Pub 500. For shopping, Cub Foods is conveniently located less than 2 miles away. The neighborhood benefits from a lower crime risk compared to the national average, enhancing its appeal. Public transportation is accessible via the Greater Mankato Transit System, with stops at Southwood Terrace and the university, facilitating easy travel throughout the city.
Frequently Asked Questions
Is Rasmussen Park a good place to live?
Rasmussen Park is a good place to live. Rasmussen Park is considered very car-dependent and somewhat bikeable. Rasmussen Park has 7 parks for recreational activities. It is somewhat dense in population with 7.0 people per acre and a median age of 23. The average household income is $93,527 which is below the national average. College graduates make up 51.1% of residents. A majority of residents in Rasmussen Park are renters, with 56.7% of residents renting and 43.3% of residents owning their home. A
local real estate agent serving Rasmussen Park can help you decide if this neighborhood is the right one for you. Learn more on our
Rasmussen Park neighborhood guide.
Is Rasmussen Park, MN a safe neighborhood?
Rasmussen Park, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Rasmussen Park?
The median home price in Rasmussen Park is $329,999. If you put a 20% down payment of $66,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,710 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $73K a year to afford the median home price in Rasmussen Park. The average household income in Rasmussen Park is $94K.
What are the best public schools in Rasmussen Park?
The best public schools that serve Rasmussen Park are:
What are the best private schools in Rasmussen Park?
The best private schools that serve Rasmussen Park are:
What are the most popular zip codes in Rasmussen Park, Mankato, MN?
What are the most popular neighborhoods near Rasmussen Park, Mankato, MN?
Are home prices dropping in Rasmussen Park?
Yes, home prices in Rasmussen Park are down 13% in the last 12 months.
Home Trends in Rasmussen Park, MN
On average, homes in Rasmussen Park, Mankato sell after 82 days on the market compared to the national average of 70 days. The median sale price for homes in Rasmussen Park, Mankato over the last 12 months is $295,000, down 50% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$575,898
Average Price Per Sq Ft
$246
Number of Homes for Sale
0
Last 12 months Home Sales
21
Median List Price
$329,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-50%