Mankato
Minnesota · Ranked #159 of 373 metros
80Affordable
💡
Housing in Mankato costs 4.05× the median income, below the national average of 4.5×. The median home price is $280K and median rent is $1,014/month. Mankato ranks #159 of 373 metros for affordability.
Median Home Price
🏠$280K
Need $83K income
Median Rent
🔑$1,014
Need $41K income
Building Permits
🔨377
annual
Median Income
💰$69K
Pop: 101,585
Rent Burden
⚠️27.3%
of renters paying >30%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Mankato | National |
|---|---|---|
| Price-to-Income Ratio | 4.05x | 6.1x |
| Rent Burden | 27.3% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +46.7%Since 2000: +144.7%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$971/mo
1 Bedroom$977/mo
2 Bedroom$1,171/mo
3 Bedroom$1,629/mo
4 Bedroom$1,916/mo
Zillow Market Data
Home Value (ZHVI)
$298K
1yr: +5.0%5yr: +33.8%
Rent (ZORI)
$1,296/mo
1yr: +9.8%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.