House Prices

House Prices & Home Values Mankato, MN 2026


Average Data

average house price$171,043
average size per house1476 ft²
average price per ft²116 $ / ft²

06/26/2026 - The value range (VR) for house prices in Mankato, MN is $80/ sqft to $80/ sqft. An average home with 1476 sqft costs approximately $118,080 to $118,080. Mankato, MN includes 1 ZIP codes and it is located in Blue Earth county. The lowest prices are found in ZIP 56001, while the highest are in ZIP 56001. The average price per sqare feet is $116. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Mankato

5600182 $ / ft²




Historical development of home values in Mankato

Year Estimated value (USD) Change vs. 2025
2010 $79,435 -53.6%
2011 $76,364 -55.4%
2012 $76,158 -55.5%
2013 $79,005 -53.8%
2014 $82,933 -51.5%
2015 $87,190 -49.0%
2016 $91,740 -46.4%
2017 $96,691 -43.5%
2018 $102,037 -40.3%
2019 $106,768 -37.6%
2020 $112,288 -34.4%
2021 $127,715 -25.3%
2022 $148,887 -13.0%
2023 $157,008 -8.2%
2024 $166,091 -2.9%
2025 $171,043 0.0%

Graph: estimated home values in Mankato over time (USD)



Example: 100% financing house in Mankato

Loan amount: $171,043

Interest rate: 6.00%

Fixed monthly payment: $1,025.49

Breakdown in the 1st month:
Interest portion: $855.22  –  Principal portion: $170.27

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,205.44 $2,100.43 $168,942.57
2 $10,075.89 $2,229.98 $166,712.59
3 $9,938.35 $2,367.52 $164,345.08
4 $9,792.33 $2,513.54 $161,831.53
5 $9,637.30 $2,668.57 $159,162.96
6 $9,472.71 $2,833.16 $156,329.80
7 $9,297.96 $3,007.91 $153,321.89
8 $9,112.44 $3,193.43 $150,128.47
9 $8,915.48 $3,390.39 $146,738.08
10 $8,706.37 $3,599.50 $143,138.57
11 $8,484.36 $3,821.51 $139,317.06
12 $8,248.66 $4,057.21 $135,259.85
13 $7,998.42 $4,307.45 $130,952.39
14 $7,732.74 $4,573.13 $126,379.26
15 $7,450.68 $4,855.19 $121,524.08
16 $7,151.22 $5,154.65 $116,369.43
17 $6,833.30 $5,472.57 $110,896.85
18 $6,495.76 $5,810.11 $105,086.74
19 $6,137.40 $6,168.47 $98,918.28
20 $5,756.95 $6,548.92 $92,369.35
21 $5,353.02 $6,952.85 $85,416.51
22 $4,924.19 $7,381.68 $78,034.82
23 $4,468.90 $7,836.97 $70,197.86
24 $3,985.53 $8,320.34 $61,877.52
25 $3,472.35 $8,833.52 $53,044.00
26 $2,927.52 $9,378.35 $43,665.66
27 $2,349.09 $9,956.78 $33,708.87
28 $1,734.97 $10,570.90 $23,137.98
29 $1,082.98 $11,222.89 $11,915.09
30 $390.78 $11,915.09 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Mankato, MN


1500 sqft3900 sqft
Ø selling price$210,541$447,877
Ø fast selling$191,401$403,089
Ø high price sale$229,681$492,664

In 2026, houses in Mankato, MN will be offered at an average price of $116 per square foot. A 1,500 sqft home priced at $210,541 is 23.58% more expensive per square foot than a 3,900 sqft home priced at $447,877. Home prices in Mankato, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $310,068. Sellers who can wait longer may achieve a higher price of up to $378,973.


Guide to Mankato, MN

Overview

Located along the scenic Minnesota River in Blue Earth County, Mankato, MN blends small-city charm with regional amenities.
Visitors and residents appreciate its safe neighborhoods, thriving businesses, and easy access to nature in southern Minnesota.

Outdoors and Recreation

Outdoor lovers find year-round fun at Minneopa State Park, featuring waterfalls, a bison herd, and miles of trails for hiking, biking, snowshoeing, and birding.
The city?s extensive riverfront trails, Sibley Park, and nearby lakes make things to do in Mankato abundant for families and adventurers.

Arts, Events, and Downtown

Downtown Mankato offers local boutiques, craft breweries, and public art, anchored by live music and theater at venues like the Mayo Clinic Health System Event Center.
Signature events such as RibFest, the Mankato Marathon, and winter?s Kiwanis Holiday Lights keep the calendar full and the community vibrant.

Education and Economy

Education shines with Minnesota State University, Mankato driving research, NCAA athletics, and a lively college-town energy.
Healthcare, manufacturing, agribusiness, and tech startups power a diverse economy, including services from Mayo Clinic Health System in Mankato.

Getting Around and Visiting Tips

Convenient travel via U.S. Highway 169 and U.S. Highway 14 connects Mankato to the Twin Cities and regional airports for easy weekend getaways.
Plan your visit to Mankato, Minnesota to enjoy four-season recreation, friendly Midwestern hospitality, and memorable experiences on the river bluffs.



FAQ – Home Values in Mankato

What is the median home value in Mankato in 2026?

In 2026, the typical home value in Mankato is about $171,043 for an average home size of 1476 square feet. This corresponds to an average price of roughly $116 per square foot.

What is the average cost per square foot in Mankato?

In 2026, homes in Mankato sell for an average of around $116 per square foot, with a typical range between $80 and $80 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Mankato is about 1476 square feet, with an estimated 2026 value around $171,043.



Locations close to Mankato, MN

Albert Lea, MN70 $ / ft²
Alden, MN128 $ / ft²
Amboy, MN191 $ / ft²
Zumbrota, MN134 $ / ft²
Zumbro Falls, MN116 $ / ft²
Wykoff, MN149 $ / ft²
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