1

University Park Home for Sale

Section Image
  • /5

    $265,000

    • Land
    • 7 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

About 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.
Is University Park, MN a safe neighborhood?
University Park, MN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in University Park?
The median home price in University Park is $256,750. If you put a 20% down payment of $51,400 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $1,330 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $57K 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 best private schools in University Park?
The best private 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, 56024, 56082 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, Jaycee Park, White Oaks Park, Highland Park and Thomas Park.
Are home prices dropping in University Park?
Yes, home prices in University Park are down 26% in the last 12 months.

Home Trends in University Park, MN

Home Trends

Median Price (12 Mo)
$256,750
Median Single Family Price
$256,750
Average Price Per Sq Ft
$141
Last 12 months Home Sales
17
Median List Price
$256,750
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-29%
How to Buy a Home How to Finance a Home How to Sell a Home