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Mankato

Why you'd want to live in Mankato

Living in Mankato, Minnesota offers a rare combination of energy, scenery, and opportunity that appeals to people looking for both comfort and momentum in their daily lives. Home to Minnesota State University, Mankato, the city has a youthful, dynamic atmosphere supported by education, healthcare, and a growing business sector, which keeps the local economy strong and diverse. Mankato’s location along the Minnesota River and near scenic bluffs provides easy access to parks, trails, and outdoor recreation that seamlessly fit into everyday routines. The city’s revitalized downtown features restaurants, local shops, arts venues, and year-round events that bring the community together and add cultural depth. With solid schools, accessible housing options, and convenient connections to the Twin Cities, Mankato delivers the amenities of a larger city while maintaining a manageable size and a strong sense of community, making it an appealing place to build both a career and a life.

Mankato Market Report

$428,477

AVERAGE PRICE OF 225 HOMES

$1,975,878

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$470,010

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$481,566

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $428,477
Avg Bedrooms 2.19 beds
Avg Bathrooms 1.66 baths

Average Price by Bedrooms

1 bedroom $359,900
2 bedrooms $310,533
3 bedrooms $311,066
4 bedrooms $435,341
5 bedrooms $639,055
Mankato Home Price Trends
  4/2026 3/2026 2/2026 1/2026 12/2025
Total Listings 206 140 104 109 135
Average Price $421,306 $417,748 $446,710 $469,857 $441,521
Avg Price Change +0.85% -6.93% -5.18% +6.42% +2.92%
Median Price $280,213 $294,575 $315,482 $319,083 $318,781
Med Price Change -5.13% -7.10% -1.14% +0.09% +0.63%
Avg Bedrooms 2.05 beds 2.36 beds 2.79 beds 2.69 beds 2.33 beds
Avg Bathrooms 1.52 baths 1.85 baths 2.21 baths 2.04 baths 1.72 baths
Total Homes Average Price Avg Days on Site
All Homes 225 $428,477 98 days
Multi-Million Dollar Homes 14 $1,975,878 305 days
Newly Built Homes 30 $470,010 118 days
Reduced Price Homes 3 $481,566 111 days
Patty Zuzek Mn, Wi Broker
801 Cliff Rd E # 135
Burnsville, MN 55337
952-985-7253

Based on information submitted to the MLS GRID as of May 10, 2026 9 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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