Mankato, MN Housing Market

$297,092

3.9% 1-yr

The average Mankato, MN home value is $297,092, up 3.9% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Mankato Key Takeaways

Typical Home Values: $297,092

1-year Value Change: +3.9%

(Data through March 31, 2025)

Mankato Housing Market Overview

--1-year Market Forecast

92For sale inventory(March 31, 2025)

27New listings(March 31, 2025)

--Median sale to list ratio

--Median sale price(February 28, 2025)

$322,650Median list price(March 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Mankato

NameMedian ZHVI
Searles--
Essig--
Old Town$351,977
Redwood$354,792
Galaxie Commons$283,449
Downtown$367,579
Alimagnet$436,324
Industrial District$526,453
Johnny Cake$379,910

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Mankato Homes for Sale

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Mankato Rental Market Trends

$1,445Average rent in Mankato(March 31, 2025)

$2,005National average rent(March 31, 2025)

5.2%Month-over-month change(March 31, 2025)

13.2%Year-over-year change(March 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.