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University Park

University Park

Neighborhood in Mankato, Minnesota

Blue Earth County 56001

$395,255 Average Value
$141 Average Price per Sq Ft

Life along the Minnesota State University Mankato campus

Though Mankato is home to the second-largest university in the state, it’s easy to forget in many of the city’s neighborhoods. In University Park, however, the campus energy spills over as college students stream back and forth from classes throughout the day along Stadium Road and Monks Avenue, two streets at the edges of University Park. Minnesota State University’s Mankato campus started as Mankato Normal School in 1868, so the University Park neighborhood borders an educational hub that’s served the city for over 150 years. “They have science, engineering, technology — that’s very big there, a lot of sports medicine, a very big business college, as well as a dental hygiene and dental assistant program. There’s a wide variety,” says Donna Killion of Edina Realty, a Realtor with several sales throughout the Mankato area. With apartments making up over 85% of the neighborhood, University Park tends to cater to college students, but there are also single-family and mobile home communities for homebuyers to choose from.

Rentals in College Town and mobile homes in University Park MHC

University Park is divided into subdivisions and apartment complexes. Rental cottages in the College Town community cater to undergraduate students, while Rosa Place features apartments for all ages. Mobile homes in the University Park Mobile Home Community can be rented or purchased, and their sale prices range from $70,000 to $150,000. The architecture of single-family homes throughout University Park varies from ranch-style to Craftsman, and most properties were built in the early to mid-2000s. Houses typically range from $260,000 to $365,000, though there are a few outliers with more than 3,500 square feet that cost between $600,000 and $640,000.

A row of Townhomes in the University Park neighborhood of Mankato, MN.
A row of Townhomes in the University Park neighborhood of Mankato, MN.
The University Park neighborhood also has several manufactured home parks in the area.
The University Park neighborhood also has several manufactured home parks in the area.
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Sidewalks to Weggy’s on Campus and rides to River Hills Mall

University Park is half a mile from the restaurants in and around the MSU campus. Whether looking to grab some lamb at Shawarmania Mediterranean Grill or dine on breakfast classics at Weggy’s on Campus, locals have options. For grocery shopping, there are no major retailers within walking distance. Some of the closest options include the Aldi on Madison Avenue and Walmart on U.S. Highway 22, both of which are about 3 miles away — just south of the River Hills Mall.

Shawarmania Mediterranean Grill is in the University Park area for residents.
Shawarmania Mediterranean Grill is in the University Park area for residents.
There's also easy access to a Target at the River Hills Mall close by to University Park.
There's also easy access to a Target at the River Hills Mall close by to University Park.
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Walkable access to Rosa Parks Elementary and MSU

Mankato Area Public Schools serves the area, and students can start their education right in the neighborhood at Rosa Parks Elementary, a school receiving a B grade from Niche. From here, students can head to two B-plus-graded schools, Prairie Winds Middle and Mankato East High. The high school has a 93% graduation rate and offers after-school activities like VEX Robotics and Planetarium Production Club. For postsecondary school, MSU is right next door. The campus enrolls about 14,000 students annually and includes the only four-year aviation program in the state.

At Rosa Parks Elementary, 54% of students are proficient in math and 46% in reading.
At Rosa Parks Elementary, 54% of students are proficient in math and 46% in reading.
The MSU Mankato campus is close by to the University Park neighborhood.
The MSU Mankato campus is close by to the University Park neighborhood.
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Playing baseball with friends or watching the bison at Minneopa

The Community Athletic Fields area sits just behind Rosa Parks Elementary, giving the neighborhood access to baseball diamonds, softball fields and a paved trail. For trips to the playground or to cast a line, Lion’s Park is just across Stadium Road to the north. To feel more immersed in nature, Minneopa State Park is less than 10 miles away and remains a top destination for hikes rich with wildlife along the Minnesota River. “I like where you can go to see the bison. You can drive through or walk the trails,” Killion says. Bison wander over 300 acres of green space in the park, and people come from all across the Mankato area to watch them from different paths and overlooks.

You will see many games being played at Community Athletic Fields.
You will see many games being played at Community Athletic Fields.
Lions Park playground has several structures.
Lions Park playground has several structures.
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Added traffic throughout Mankato with school in session

Sidewalks run along roads like Oak Marsh Drive and the bus stops at MSU, but University Park is a mainly car-dependent community overall. Major employers like Mayo Clinic Health Systems are less than 3 miles away, as is Old Town Mankato. That said, traffic can get a little heavier during the fall and spring semesters. “You do notice a difference, especially in the morning commute. You’ll notice the difference because sometimes, everyone is coming into town at once for school. It might make the commute five to 10 minutes longer,” Killion says. For trips outside Mankato, St. Peter is 15 miles away. “When it’s beautiful weather, it’s a nice drive to St. Peter,” says Bridget Yokiel of Realty Executives Associates, a local agent and lifelong Mankato resident.

Alicia Swain
Written By
Alicia Swain
Photography Contributed By
Sam Adams
Derek Fowler
Video By
Derek Fowler

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Erik Jensen, an experienced agent in this neighborhood.

Parks in this Area

Crime and Safety

1 - Low Crime, 10 - High Crime University Park US
Homicide 3 4
Sexual Assault 8 4
Assault with Weapon 4 4
Robbery 5 4
Burglary 5 4
Motor Vehicle Theft 5 4
Larceny 5 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

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%

Home Facts

Number of Homes in Neighborhood
96
Median Year Built
2006
Avg. Single Family Home Size Sq Ft
1,881
On par with the national average
1,935
Average Townhouse Size Sq Ft
1,495
Median Lot Size Sq Ft
8,276

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Erik Jensen, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
3,503
Median Age
26
Population Density
11 ppl/acre
Population under 18
25.5%
On par with the national average
23.8%
Population over 65
8.6%
Below the national average
19.1%

Finances

Median Household Income
$57,463
Below the national average
$71,702
Average Household Income
$74,549

Education and Workforce

High School Graduates
95%
Above the national average
89.1%
College Graduates
39.1%
Advanced Degrees
8.8%
% Population in Labor Force
79.4%
Above the national average
65.1%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
6°F
Average Summer High Temperature
82°F
Annual Snowfall
43''

Area Factors

Somewhat Bikeable

Bike Score®

39 / 100

Car-Dependent

Walk Score®

13 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
University Park