Housing in Mankato, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$295,308
Zillow Rent Index
$1,618
Mankato vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Mankato is highlighted.
Median Home Value
67th%ilemost expensive$250,600show rank
Median Rent
63rd%ilemost expensive rent$1,089show rank
Rent Burden
61st%ilehighest rent burden20.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$250,600
Median Rent
$1,089
Total Housing Units
19,186
Vacancy Rate
8.0%
Owner Occupied
50.3%
Renter Occupied
49.7%
Median Property Tax
$2,500
per year
Monthly Cost (w/ Mortgage)
$1,217
Housing Types
Single Family53.8%
Multi-Family41.4%
Mobile Home4.9%
The median home value in Mankato, MN is $250,600. According to Zillow, the home value index for Mankato is $295,308. Zillow's observed rent index is $1,618/month. About 50.3% of housing units are owner-occupied. The median year homes were built is 1981. There are 19,186 total housing units.