Mankato, MN 56002 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Mankato, MN — 56002
Median Listing Price
$243K
Population
--
Households
27,606
Median Days on Market
61
Active Listings
0
New Listings
0
Housing Market
Pricing
Median Listing Price
$243K
-- YoY
Average Listing Price
$243K
-- YoY
Price per Sq Ft
$126
-- YoY
Median Sq Ft
1,924
-- YoY
Inventory
Active Listings
0
-- YoY
New Listings
0
-- YoY
Total Listings
0
-- YoY
Buyer Competition
Pending Listings
--
-- YoY
Pending Ratio
--
-- YoY
Median Days on Market
61
-- YoY
Price Reduced
--
-- YoY
Units & Occupancy
2024 Occupancy
30K
units
Occupied
27,606
92.4%
Vacant
2,258
7.6%
2024 Tenure
28K
occupied
Owner
16,939
61.4%
Renter
10,667
38.6%
Renter Share
38.6%
+1.0% YoY
Total Housing Units
29,864
+1.1% YoY
FY2026 Fair Market Rent — Blue Earth County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
31.6
2024
Population
Blue Earth County Population
70,700
+0.4% YoY
Households
Total Households
27,606
+1.6% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.37
-1.2% YoY
Age
2024 Age Mix
70K
residents
Under 18
13,786
19.7%
Adults 18–64
45,429
65.0%
65 & Over
10,656
15.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
78.9%
Moved (within US)
20.5%
Other
0.6%
Veterans
4.5%
-6.3% YoY
County Economy
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
of workers
Drove alone
75.5%
Public transit
1.3%
Worked from home
8.5%
Other
14.7%
Worked From Home
8.5%
+2.4% YoY
Mean Commute
16.80
-1.8% YoY
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