Mankato, MN housing market
Typical home value
$304K
▲ 1.3% 1 yr
Typical rent
$1,257/mo
▲ 7.2% 1 yr
Gross rent yield
5.0%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Mankato is worth $303,583, up 1.3% over the past year and up 22% over five years.
- 2Typical rent is $1,257 a month (+7.2% YoY), a gross rent yield of 5.0% (above the Mankato, MN metro's 4.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,668/mo, $411 more than typical rent.
- 4Zillow forecasts the Mankato, MN metro's home values to change +3.4% over the next 12 months.
Market temperature (Mankato, MN metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 35/100, #365 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Mankato compares
| Measure | Mankato | Mankato, MN metro | United States |
|---|---|---|---|
| Typical home value | $303,583 | $305,707 | $366,157 |
| Home value, 1-yr change | +1.3% | +2.5% | +1.2% |
| Typical rent | $1,257 | $1,236 | $1,932 |
| Rent, 1-yr change | +7.2% | +4.7% | +2.7% |
| Gross rent yield | 5.0% | 4.9% | 6.3% |
| Price-to-rent ratio | 20.1 | 20.6 | 15.8 |
| Mortgage P&I, typical home | $1,668 | $1,680 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Mankato rental, pre-filled.
Rent vs buy in Mankato
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $304K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.