For quite some time now, Mandan has been on a steady growth path. While many smaller towns and cities in North Dakota struggle with a lack of employment opportunities and low housing prices, residents of the popular vacation destination can enjoy a high degree of both. In fact, some property experts are predicting that the housing market in Mandan will enjoy a surge in demand as travel restrictions are eased and more people are looking to purchase a home. How will this impact the real estate market in Mandan? Let’s take a closer look.
Attracting Tourists
When people think of Mandan, they often think of the Garrison Dam and the Fort Mandan which are located in the heart of the city. The former is a water-control structure that was built in the 1930s and the latter was initially established in 1874 as a military post. However, it was the community spirit that attracted tourists and inspired the creation of the Twin Cities Arts District which now features dozens of galleries, boutiques, and restaurants.
Notably, many of these establishments are situated along or near historic Prairie Street. This is the heart of the city and features a collection of shops, galleries, and eateries that are completely unrelated to military history. Tourists and locals alike can enjoy the various attractions that this street has to offer.
A Wealth Of Housing Choices
One of the major factors contributing to the area’s appeal is the variety of housing options that one can choose from. While most popular vacation spots tend to stick to traditional beach vacations, the residents of Mandan have a variety of options to choose from when it comes to home-making. Whether you’re looking for a large, brand-new house with all the modern conveniences or you’d prefer to stay in a quaint B&B, there is something out there for everyone.
The most interesting thing about the city is that while many other resort towns don’t usually offer much in the way of variety, residents of Mandan have access to all modern amenities as well as the charm of a small town. Not only that, but they can also take advantage of the nearby wealth of luxurious dwellings as well as the local expertise in designing and building custom homes. Naturally, this will lead to an increase in the demand for custom home builders in Mandan.
More Investment Properties
Even more interesting is the fact that since 2011, the number of investment properties in Mandan has increased by 64%. The demand for vacation homes in the city is expected to rise by 2020 as travel restrictions are eased and more people are looking for luxury getaways. Whether you’re selling or letting a property, you’ll likely be pleased by the increase in demand. At the same time, investing in a vacation rental will also prove to be a lucrative venture. What’s more, you’ll have the opportunity to explore a new market and make some additional money off your investment.
A Rising Social Life
One of the major things that Mandan is known for is its lively social scene. The city has a number of well-known events that celebrate various facets of local history as well as arts and culture. For instance, the historic Garrison Dam Village Fest takes place annually in September and features live music, local food, and children’s activities. Plus, the community gets together to celebrate the opening of the summer season with a festival that is completely free.
Also, locals can take advantage of a wide range of activities that are free or of low cost. The city has a community garden that provides residents with fresh fruit and vegetables as well as a pool that is open to everyone. In addition, the downtown area is brimming with restaurants as well as bars and clubs, many of which are located along or near historic Prairie Street. This is a great place for a romantic getaway or simply to meet friends for a chat or a drink.
Overall, the future of real estate in Mandan looks very positive. While other cities around the country are struggling with a lack of travel options and high rental costs, residents of this North Dakota city can look forward to an exciting next few years.
