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Mankato, Minnesota

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 70/100, supply score 56, homes go under contract 4.9% faster than the US median, at 86% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $73K, +3.1% YoY (ZIP); renters hold 41.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −6.4% YoY. inventory, +31.2% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $349,446 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

3 ZIPs in this city:56001 56002 56003

Market Hotness

70 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−4.9%

homes sell faster here

86%

of national median · below avg

Median Listing Price

$349K

Population

66,843

26,699

Median Days on Market

Active Listings

205

New Listings

Housing Market

The median listing price is down 6.4% YoY while the median home got up 1.3% bigger, so value per square foot is up 0.2%.

Pricing

Median Listing Price

$349K-6.4% YoY

Average Listing Price

$395K-4.8% YoY

Price per Sq Ft

$159.571+0.2% YoY

Median Sq Ft

2,378+1.3% YoY

Inventory

Active Listings

205+54.1% YoY

New Listings

66+3.1% YoY

Total Listings

282+31.2% YoY

Buyer Competition

Pending Listings

90+7.1% YoY

Pending Ratio

0.44-31.1% YoY

Median Days on Market

60+14.7% YoY

Price Reduced

25.0%+29.2% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 29,864

30Kunits

Occupied27,60692.4%

Vacant2,2587.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 27,606

28Koccupied

Owner16,93961.4%

Renter10,66738.6%

Renter Share

38.6%+1.0% YoY

Total Housing Units

29,864+1.1% YoY

FY2026 Fair Market Rent

CountyBlue Earth County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$971

/month

1 BR

$977

/month

2 BR

$1,171

/month

3 BR

$1,629

/month

4 BR

$1,916

/month

FMR trends · Blue Earth County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 41.8% of this ZIP's 26,699 occupied households, on a median household income of $73K.

Population & Age

Total Population

66,843+0.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 66,843

67Kresidents

Under 1812,84819.2%

Adults 18–6444,19666.1%

65 & Over9,79914.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

30.85-0.2% YoY

Population Under 18

12,848-1.4% YoY

Population 65 & Over

9,799+2.8% YoY

Households & Mobility

Total Households

26,699+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.33-1.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house77.7%

Moved (within US)21.7%

Other0.6%

Veterans

4.2%-7.9% YoY

Income & Poverty

Median Household Income

$73K+3.1% YoY

Per-Capita Income

$40K+3.2% YoY

Mean Household Income

$98K+2.8% YoY

Below Poverty Level

15.7%-7.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.4%

Public transit1.4%

Worked from home8.7%

Other15.6%

Worked From Home

8.7%0.0% YoY

Mean Commute

14.64-3.2% YoY

Units & Tenure

Total Housing Units

28,514+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 28,514

29Kunits

Occupied26,69993.6%

Vacant1,8156.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,699

27Khouseholds

Owner15,53158.2%

Renter11,16841.8%

Avg Household Size — Owner

2.57+0.2% YoY

Avg Household Size — Renter

2.01-2.5% YoY

County Demographics

County population is up 0.7% to 69,871: residents under 18 are down 0.3% and those 65 and over are up 4.3%.

Median Age

31.62024

Population

Blue Earth County Population

70,700+0.4% YoY

Households

Total Households

27,606+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.37-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 69,871

70Kresidents

Under 1813,78619.7%

Adults 18–6445,42965.0%

65 & Over10,65615.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

13,786-0.3% YoY

Population 65 & Over

10,656+4.3% YoY

Median Age

31.60+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house78.9%

Moved (within US)20.5%

Other0.6%

Veterans

4.5%-6.3% YoY

County Economy

County median household income is $74K, 15.7% of residents are below the poverty level, 8.5% work from home.

Income

Median Household Income

$74K+2.6% YoY

Per-Capita Income

$37K+2.4% YoY

Mean Household Income

$93K+2.2% YoY

Poverty

Below Poverty Level

15.7%-3.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit1.3%

Worked from home8.5%

Other14.7%

Worked From Home

8.5%+2.4% YoY

Mean Commute

16.80-1.8% YoY

Done with Mankato? Put it next to another market.

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Mankato, Minnesota

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 70/100, supply score 56, homes go under contract 4.9% faster than the US median, at 86% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $73K, +3.1% YoY (ZIP); renters hold 41.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −6.4% YoY. inventory, +31.2% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

3 ZIPs in this city:56001 56002 56003

Market Hotness

70 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−4.9%

homes sell faster here

86%

of national median · below avg

Median Listing Price

$349K

Population

66,843

26,699

Median Days on Market

Active Listings

205

New Listings

Housing Market

The median listing price is down 6.4% YoY while the median home got up 1.3% bigger, so value per square foot is up 0.2%.

Pricing

Median Listing Price

$349K-6.4% YoY

Average Listing Price

$395K-4.8% YoY

Price per Sq Ft

$159.571+0.2% YoY

Median Sq Ft

2,378+1.3% YoY

Inventory

Active Listings

205+54.1% YoY

New Listings

66+3.1% YoY

Total Listings

282+31.2% YoY

Buyer Competition

Pending Listings

90+7.1% YoY

Pending Ratio

0.44-31.1% YoY

Median Days on Market

60+14.7% YoY

Price Reduced

25.0%+29.2% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 29,864

30Kunits

Occupied27,60692.4%

Vacant2,2587.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 27,606

28Koccupied

Owner16,93961.4%

Renter10,66738.6%

Renter Share

38.6%+1.0% YoY

Total Housing Units

29,864+1.1% YoY

FY2026 Fair Market Rent

CountyBlue Earth County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$971

/month

1 BR

$977

/month

2 BR

$1,171

/month

3 BR

$1,629

/month

4 BR

$1,916

/month

FMR trends · Blue Earth County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 41.8% of this ZIP's 26,699 occupied households, on a median household income of $73K.

Population & Age

Total Population

66,843+0.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 66,843

67Kresidents

Under 1812,84819.2%

Adults 18–6444,19666.1%

65 & Over9,79914.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

30.85-0.2% YoY

Population Under 18

12,848-1.4% YoY

Population 65 & Over

9,799+2.8% YoY

Households & Mobility

Total Households

26,699+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.33-1.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house77.7%

Moved (within US)21.7%

Other0.6%

Veterans

4.2%-7.9% YoY

Income & Poverty

Median Household Income

$73K+3.1% YoY

Per-Capita Income

$40K+3.2% YoY

Mean Household Income

$98K+2.8% YoY

Below Poverty Level

15.7%-7.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.4%

Public transit1.4%

Worked from home8.7%

Other15.6%

Worked From Home

8.7%0.0% YoY

Mean Commute

14.64-3.2% YoY

Units & Tenure

Total Housing Units

28,514+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 28,514

29Kunits

Occupied26,69993.6%

Vacant1,8156.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,699

27Khouseholds

Owner15,53158.2%

Renter11,16841.8%

Avg Household Size — Owner

2.57+0.2% YoY

Avg Household Size — Renter

2.01-2.5% YoY

County Demographics

County population is up 0.7% to 69,871: residents under 18 are down 0.3% and those 65 and over are up 4.3%.

Median Age

31.62024

Population

Blue Earth County Population

70,700+0.4% YoY

Households

Total Households

27,606+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.37-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 69,871

70Kresidents

Under 1813,78619.7%

Adults 18–6445,42965.0%

65 & Over10,65615.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

13,786-0.3% YoY

Population 65 & Over

10,656+4.3% YoY

Median Age

31.60+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house78.9%

Moved (within US)20.5%

Other0.6%

Veterans

4.5%-6.3% YoY

County Economy

County median household income is $74K, 15.7% of residents are below the poverty level, 8.5% work from home.

Income

Median Household Income

$74K+2.6% YoY

Per-Capita Income

$37K+2.4% YoY

Mean Household Income

$93K+2.2% YoY

Poverty

Below Poverty Level

15.7%-3.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit1.3%

Worked from home8.5%

Other14.7%

Worked From Home

8.5%+2.4% YoY

Mean Commute

16.80-1.8% YoY

Done with Mankato? Put it next to another market.