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.
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%