The Free Press, Mankato, MN

Local News

April 21, 2013

Apartment buildings’ tax share rising

(Continued)

MANKATO —

The housing market in Mankato is looking healthier this year, as well, so that’s another place where the lag between sales data and the official valuations will delay the impact of the market turnaround for another year, Stalberger said.

 The big rise in apartment valuations is probably no surprise to people driving around the city. The market is strong enough that large new apartment complexes have been built, are under construction or are slated for construction this summer in all corners of the city — including along the Sibley Parkway, near Hiniker Pond, north of the Madison East Center along Victory Drive and on the east edge of town past the Hilltop Hy-Vee.

 

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