Market Overview
Home Prices in Mankato, KS
The median home value in Mankato, KS is $105,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.5% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mankato are priced74% below average.
Over the past five years, Mankato home values have risen by approximately36.3%, reflecting strong long-term appreciation in this market.
Price History
Mankato Home Price Trend
2020
$75,120
$75K
—
2021
$77,255
$77K
+2.8%
2022
$87,286
$87K
+13.0%
2023
$87,905
$88K
+0.7%
2024
$90,937
$91K
+3.4%
2025
$93,552
$94K
+2.9%
2026
$105,279
$105K
+12.5%
City Comparison
Mankato vs. National Median
🏠 Mankato
$105,279
National Median
$410,000
At $105,279, homes in Mankato cost 74% below the national median of $410,000. This makes Mankato a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mankato?
20% Down Payment
$21,056
on $105,279
Monthly P&I
$549/mo
30-yr @ 6.8%
Total Monthly Est.
~$697/mo
incl. taxes & insurance
Income Needed
$27,880
gross annual (30% rule)
10% Down Option
$10,528
+ PMI applies
Loan Amount (20% dn)
$84,223
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mankato, KS?
The median home value in Mankato is $105,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.5% year-over-year.
How much have home prices changed in Mankato?
Over the past year, home values in Mankato have increased by 12.5%. Over five years, prices have risen approximately 36.3%.
How much do I need to earn to buy a home in Mankato?
To comfortably afford the median home price of $105,279 with a 20% down payment ($21,056) at today's rates (6.8%), you'd need a gross annual income of approximately $27,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Mankato compare to the national average home price?
The national median home value is approximately $410,000. At $105,279, homes in Mankato are 74% below the national average.