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These days, finding an affordable place to live in the Mankato area can be challenging. Home prices in Mankato are now at a median cost of $55,245, lower than the Kansas average of $243,949.
The average cost of rent is $637/mo in Mankato, primarily driven by the current value of real estate in the Mankato area. In Mankato, 30.02% of households rent, and 77.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mankato is $3,986 per month. Households that rent pay about 15.98% of their income on rent here. Mankato’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montrose, KS: higher priced homes
- Otego, KS: higher priced homes
- Burr Oak, KS: higher priced homes
- Jewell, KS: higher priced homes
- Formoso, KS: higher priced homes
- Esbon, KS: higher priced homes
- Lovewell, KS: higher priced homes
- Randall, KS: higher priced homes
- Webber, KS: higher priced homes
- Northbranch, KS: higher priced homes
Cities with Similar Populations
- Seelyville, IN: higher priced homes
- Nerstrand, MN: higher priced homes
- New Hope, FL: higher priced homes
- Newell, SD: higher priced homes
- Nome, TX: higher priced homes
- Raleigh, FL: higher priced homes
- Ranger, WV: higher priced homes
- Rayle, GA: higher priced homes
- Red Oak, OK: higher priced homes
- Rose Valley, PA: higher priced homes
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