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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

$498,341

AVERAGE PRICE OF 181 HOMES

$1,947,915

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$480,537

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$429,900

AVERAGE PRICE OF 1 HOMES WITH A POOL

$371,815

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $498,341
Avg Bedrooms 3.04 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $160,000
2 bedrooms $321,418
3 bedrooms $357,337
4 bedrooms $418,205
5 bedrooms $602,511
Mankato Home Price Trends
  8/2026 7/2026 6/2026 5/2026 4/2026
Total Listings 240 232 n/a n/a 206
Average Price $442,211 $436,055 n/a n/a $421,306
Avg Price Change +1.41% n/a n/a n/a +0.85%
Median Price $300,503 $299,126 n/a n/a $280,213
Med Price Change +0.46% n/a n/a n/a -5.13%
Avg Bedrooms 2.39 beds 2.39 beds n/a n/a 2.05 beds
Avg Bathrooms 1.73 baths 1.73 baths n/a n/a 1.52 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 181 $498,341 112 days
Multi-Million Dollar Homes 13 $1,947,915 220 days
Newly Built Homes 28 $480,537 185 days
Homes with a Pool 1 $429,900 10 days
Reduced Price Homes 13 $371,815 45 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 September 13, 2026 7 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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