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University Park Homes for Sale

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  • /32

    $714,900

    • 4 Beds
    • 3.5 Baths
    • 1,793 Sq Ft

    317 Oak Marsh Dr, Mankato, MN 56001

    Beautifully crafted 2-story home featuring 4 bedrooms, 3 full baths, front porch, back yard patio and a heated, insulated 3-stall garage. The inviting open floor plan with vaulted ceilings, hardwood floors and abundant natural light creates a bright, welcoming atmosphere throughout. The gourmet kitchen is complete with granite countertops, a large center island, custom tile backsplash, and a

    Shawna Wolfe Keller Williams Premier Realty

    317 Oak Marsh Dr, Mankato, MN 56001
  • /35

    $299,000

    • 3 Beds
    • 3 Baths
    • 1,840 Sq Ft

    117 Savannah Ct, Mankato, MN 56001

    Step inside this inviting two-story home located in Mankato’s hilltop neighborhood, just minutes from Rosa Parks Elementary and MSU. The main level offers an open-concept design, combining the kitchen, dining, and family room for a bright and functional living space. The lower level provides a mostly finished area with endless options—whether you need a family room, home office, or workout space,

    Amy Klammer TRUE REAL ESTATE

    117 Savannah Ct, Mankato, MN 56001
  • /5

    $265,000

    • Land
    • 6.9 Acres
    • $38,406 per Acre

    TBD Woodridge, Mankato, MN 56001

    Welcome to Woodridge. A Picturesque single-family development opportunity nestled in Mankato Hilltop, amidst beautiful trees. The site provides a perfect blend of convenience and privacy, making it an ideal location. Seven spacious building sites offer ample room for customization and expansion, allowing you to design and craft dream homes. While in the heart of Mankato, only moments from the

    Rebecca Thate RE/MAX Advantage Plus

    TBD Woodridge, Mankato, MN 56001

Why Live in University Park

University Park in Mankato is a diverse neighborhood with various housing options, including rental cottages in College Town for undergraduates, apartments in Rosa Place, and mobile homes in the University Park Mobile Home Community. Single-family homes, built mainly in the early to mid-2000s, feature ranch-style and Craftsman architecture. The neighborhood is home to several parks, such as the Community Athletic Fields, which offer baseball diamonds, softball fields, and a paved trail, and Lion’s Park, ideal for playground visits and fishing. Minneopa State Park, less than 10 miles away, provides hiking trails and opportunities to observe bison in their natural habitat. University Park is conveniently located half a mile from the MSU campus, where residents can enjoy dining options like Shawarmania Mediterranean Grill and Weggy’s on Campus. For grocery shopping, Aldi and Walmart are about 3 miles away. The area is primarily car-dependent, with major employers like Mayo Clinic Health Systems and Old Town Mankato less than 3 miles away. Traffic can increase during the fall and spring semesters due to the influx of students. The neighborhood is served by Mankato Area Public Schools, with highly rated institutions such as Prairie Winds Middle and Mankato East High, which boasts a 93% graduation rate and various after-school activities. MSU, located nearby, enrolls around 14,000 students annually and offers the state's only four-year aviation program.

Frequently Asked Questions

Is University Park a good place to live?
University Park is a good place to live. University Park is considered very car-dependent and somewhat bikeable. University Park has 3 parks for recreational activities. It is somewhat dense in population with 10.7 people per acre and a median age of 26. The average household income is $74,549 which is below the national average. College graduates make up 39.1% of residents. A majority of residents in University Park are home owners, with 49.2% of residents renting and 50.8% of residents owning their home. A local real estate agent serving University Park can help you decide if this neighborhood is the right one for you. Learn more on our University Park neighborhood guide.
How much do you need to make to afford a house in University Park?
The median home price in University Park is $311,500. If you put a 20% down payment of $62,300 and had a 30-year fixed mortgage with an interest rate of 6.17%, your estimated principal and interest payment would be $1,520 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $65K a year to afford the median home price in University Park. The average household income in University Park is $75K.
What are the best public schools in University Park?
The best public schools that serve University Park are:
What are the most popular zip codes in University Park, Mankato, MN?
The most popular zip codes in University Park, Mankato, MN include 56001, 56003, 56037, 56024 and 56063.
What are the most popular neighborhoods near University Park, Mankato, MN?
The most popular neighborhoods near University Park, Mankato, MN are Buscher Park, White Oaks Park, Highland Park, Rasmussen Park and Thomas Park.
Are home prices dropping in University Park?
Yes, home prices in University Park are down 32% in the last 12 months.

Home Trends in University Park, MN

Housing Trends

Median Sale Price
$272,000
Median Single Family Sale Price
$299,000
Median Townhouse Sale Price
$313,000
Average Price Per Sq Ft
$146
Number of Homes for Sale
2
Last 12 months Home Sales
16
Months of Supply
1.50
Median List Price
$311,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-22%
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