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Affordable
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These days, finding an affordable place to live in the North Mankato area can be challenging. Home prices in North Mankato are now at a median cost of $287,827, lower than the Minnesota average of $345,793.
The average cost of rent is $1,081/mo in North Mankato, primarily driven by the current value of real estate in the North Mankato area. In North Mankato, 30.88% of households rent, and 36.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Mankato is $7,158 per month. Households that rent pay about 15.10% of their income on rent here. North Mankato’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mankato, MN: equally priced homes
- Skyline, MN: higher priced homes
- Rapidan, MN: equally priced homes
- Eagle Lake, MN: equally priced homes
- Kasota, MN: higher priced homes
- Judson, MN: equally priced homes
- Oshawa, MN: higher priced homes
- Good Thunder, MN: equally priced homes
- Lake Crystal, MN: less expensive homes
- Nicollet, MN: equally priced homes
Cities with Similar Populations
- Brookside, DE: equally priced homes
- Bulverde, TX: higher priced homes
- Bull Mountain, OR: higher priced homes
- Budd Lake, NJ: higher priced homes
- Bucyrus, OH: less expensive homes
- Buckley, WA: higher priced homes
- Buckhannon, WV: less expensive homes
- Brushy Creek, TX: higher priced homes
- Browns Summit, NC: higher priced homes
- Browns Mills, NJ: less expensive homes
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