Similar to nearby areas, it's a bit less expensive compared to the United States as a whole. Compared to the city of Minneapolis, it is somewhat less expensive.
Home prices
The median home in Mankato is valued at $179,400. This is approximately $8,400 (4%) higher compared to its nearby areas.It is roughly $38,100 (17%) lower compared to the nation as a whole, and in comparison to the city of Minneapolis is about $72,200 (28%) lower.
Rents
Mankato's median monthly rent is $899. This is approximately $79 (9%) higher in comparison to its surrounding areas.It is approximately $163 (15%) lower compared to the country as a whole, and it is about $128 (12%) lower compared to the city of Minneapolis.
Nearby places
North Mankato
North Mankato is Mankato's neighbor to the west. Housing prices there are a bit more expensive. The median home price in North Mankato is $193,400, which works out to $14,000 (7%) higher than Mankato. The rent there is a bit less expensive. North Mankato's median rent is $818 a month, which is $81 (9%) lower than Mankato.
Eagle Lake
Eagle Lake is about 3 miles east of Mankato. The housing prices there are similar. The median home in Eagle Lake is valued at $184,400, which works out to $5,000 (2%) higher than Mankato. Rents there are a little more expensive. The median rent in Eagle Lake is $1,279 per month, which is $380 (29%) higher than Mankato.
Madison Lake
Madison Lake is approximately 7 miles east of Mankato. The real estate prices there are a little more expensive. The median home in Madison Lake costs $206,600, which works out to $27,200 (13%) higher than Mankato. Rents there are a bit less expensive. In Madison Lake the median monthly rent is $732, which comes out to $167 (22%) lower than Mankato.
St. Clair
St. Clair is about 7 miles southeast from Mankato. Housing prices there are somewhat less expensive. The median home in St. Clair is valued at $149,100, which is $30,300 (20%) lower than Mankato. Rents there are significantly less expensive. In St. Clair the median rent is $633 per month, which is $266 (42%) lower than Mankato.
Kasota
Kasota is roughly 7 miles north from Mankato. Housing prices there are substantially less expensive. The median home in Kasota is valued at $121,500, which is $57,900 (47%) lower than Mankato. Its rents are substantially less expensive. In Kasota the median monthly rent is $638, which is $261 (40%) lower than Mankato.
