Example household · $83,730 · same pay · 1 adult

Mankato

Housing in Mankato, MN: Rent, Home Prices & Property Tax

$2,593 left/mo

$934/mo (1 bd) in Mankato. Median home $255,000. Property tax 1.03%.

Rent (1-bedroom)
$934
/mo
Buy
$1,843
Mortgage, tax, insurance
Buying costs more
$909
/mo

To buy

  • 20% down payment$51,000
  • Mortgage at 7.24%$1,390
  • Property tax (1.03% of value)$219/mo · $2,627/yr
  • Insurance and upkeep$234
  • Monthly total$1,843

Months to 20% down

$2,593 left each month. About 20 months (1.7 years) to save $51,000.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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