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Area data

Mankato, MN — ZIP 56001

Population: 51,585 (Census ACS)

Home values & appreciation

Median home value
$304,636
1-year appreciation
+1.9%
3-year appreciation
+8.6%
5-year appreciation
+23.8%
10-year appreciation
+68.5%
All-time peak (2026-04)
$307,474
House Price Index
429.3 (+3.3% YoY)

Market activity

1-year forecast
+1.5%
Days to pending
38 days
New listings (monthly)
55

Rents

Typical rent
$1,199/mo
1-year rent change
+3.8%

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
19
Elementary schools
6
Middle schools
3
High schools
8
Charter schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, strongWind, winterWeather, drought, hail

Climate (30-year normals)

Average annual temperature
46.0°F
Average high
55.0°F
Average low
36.0°F
Annual precipitation
34.2 in
Annual snowfall
53.9 in

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
90

Amenities

Nearest airport
Hoppe Sky Ranch Airport (3 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
24
Solar radiation rating
Fair (3.9 kWh/m²/day)

Migration

Net migration
-417 tax filers

Housing stock

Median year housing built
1,981
Median annual property tax
$2,663
Mean commute to work
13 min
Households with broadband internet
74.6%

Employment & development

Total county employment
35,417
Average weekly wage
$1,030
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
58

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents