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Area data

Mankato, MN — ZIP 56003

Population: 15,258 (Census ACS)

Home values & appreciation

Median home value
$328,499
1-year appreciation
+4.1%
3-year appreciation
+12.5%
5-year appreciation
+27.9%
10-year appreciation
+72.6%
All-time peak (2026-06)
$328,558
House Price Index
429.3 (+3.3% YoY)

Market activity

1-year forecast
+1.5%
Days to pending
39 days
New listings (monthly)
30

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
5
Elementary schools
3
Middle schools
0
High schools
0

Natural hazards & flood risk

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

Climate (30-year normals)

Average annual temperature
47.0°F
Average high
58.0°F
Average low
37.0°F
Annual precipitation
33.1 in

Amenities

Nearest airport
Michels Farms Airport (2 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
24
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
-45 tax filers

Housing stock

Median year housing built
1,981
Median annual property tax
$3,235
Mean commute to work
14 min
Households with broadband internet
78.2%

Employment & development

Total county employment
11,926
Average weekly wage
$975
Top industries (by employment)
Accommodation & Food, Wholesale Trade, Other Services
Annual residential building permits (county)
42

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