Mankato Real Estate Market Conditions

  • Median sales price

    $299,900
    6.01% change since last quarter
  • # Active listings

    249
    30-day change

Mankato Schools and Demographics

Education near Mankato, MN

City County
High School Graduates 94.44 94.45
College Degree - 2 year 11.22 12.18
College Degree - 4 year 36.53 32.22
Graduate Degree 9.25 7.36
Expenditures per Student 10,899 11,058
Students per Teacher 15.5 13.8

Elementary Schools near Mankato, MN

Grades Students P/T Ratio ZIP
Bridges Community Elementary School KG - 05 147 15.4 56001
Eagle Lake Elementary School KG - 05 360 15.5 56024
Franklin Elementary School KG - 06 694 14.3 56001
Hoover Elementary School KG - 05 543 17.9 56003
Jefferson Elementary School KG - 05 261 14.9 56001
Kennedy Elementary School KG - 05 392 13.4 56001
Maple River West Elementary School PK - 05 242 15 56037
Monroe Elementary School KG - 05 481 17.1 56003
Roosevelt Elementary School KG - 05 356 15.9 56001
Rosa Parks Elementary School KG - 05 466 14.8 56001
St. Clair Elementary PK - 06 384 16 56080
Washington Elementary School KG - 05 394 14.2 56001

Middle Schools near Mankato, MN

Grades Students P/T Ratio ZIP
Dakota Meadows Junior High School 07 - 08 548 15.5 56001
Garfield Elementary School 06 - 06 289 19.4 56003
Mankato East Junior School 07 - 08 556 16.4 56001

High Schools near Mankato, MN

Grades Students P/T Ratio ZIP
Mankato East Senior High School 09 - 12 981 17.2 56001
Mankato West Senior High School 09 - 12 1,148 17.8 56001
St. Clair Secondary 07 - 12 289 17.5 56080

Ungraded Schools near Mankato, MN

Grades Students P/T Ratio ZIP
* Central Freedom School 07 - 12 5 5 56001
* Central High Area Learning Center 09 - 12 57 6.8 56001
* Life Lines Adult Connection 11 - 12 0 1.1 56001
* Mankato Area Night School 09 - 12 30 56001
* Mankato Area Summer School 09 - 12 0 56001
Futures Program KG - 12 20 3.2 56001
KATO Public Charter School 06 - 12 83 10.8 56001
Socrates Online 01 - 12 0 56003
Special Education PK - 12 250 16.7 56001

Demographics near Mankato, MN

City County
Neighborhood Type Small Town
Population 41,241 65,767
Population Density 2,161 88
Median Age 25.5 30.6
People per Household 2.4 2.4
Median Household Income 45,035 53,752
Average Income per Capita 25,079 28,283

Mankato Real Estate

The median home value in Mankato, MN is $299,900. This is higher than the county median home value of $198,700. The national median home value is $219,700. The average price of homes sold in Mankato, MN is $299,900. Approximately 46.92% of Mankato homes are owned, compared to 46.01% rented, while 7.07% are vacant. Mankato real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mankato real estate agent to arrange a tour today!

Mankato, Minnesota has a population of 41,241. Mankato is more family-centric than the surrounding county with 31.95% of the households containing married families with children. The county average for households married with children is 30.95%.

The median household income in Mankato, Minnesota is $45,035. The median household income for the surrounding county is $53,752 compared to the national median of $57,652. The median age of people living in Mankato is 25.5 years.

Mankato Weather

The average high temperature in July is 82.8 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 32.2 inches per year, with 38.6 inches of snow per year.