Mankato, MN Housing Market

$296,114

5.0% 1-yr

The average Mankato, MN home value is $296,114, up 5.0% over the past year and goes to pending in around 27 days.

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: $296,114

1-year Value Change: +5.0%

(Data through October 31, 2025)

Mankato Housing Market Overview

--1-year Market Forecast

139For sale inventory(October 31, 2025)

48New listings(October 31, 2025)

0.995Median sale to list ratio(October 31, 2025)

$307,967Median sale price(September 30, 2025)

$344,950Median list price(October 31, 2025)

34.5%Percent of sales over list price(October 31, 2025)

45.8%Percent of sales under list price(October 31, 2025)

27Median days to pending(November 30, 2025)

(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$350,240
Redwood$350,104
Galaxie Commons$280,018
Downtown$357,127
Alimagnet$421,470
Industrial District$522,735
Johnny Cake$374,955

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Mankato Homes for Sale

View Mankato listings

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Mankato Rental Market Trends

$1,554Average rent in Mankato(November 30, 2025)

$1,925National average rent(November 30, 2025)

2.4%Month-over-month change(November 30, 2025)

5.5%Year-over-year change(November 30, 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.