North Mankato, Minnesota.
Typical home $309,901 (+2.4% in a year), asking rent $1,304 . Mankato, MN metro.
to buy the typical home at today's mortgage rate — +$840 (+107%) since Jan 2020.
- 1 year
- Up $7,168 +2%
- $302,732$309,901 since Sep 2025
- 5 years
- Up $63,590 +26%
- $246,311$309,901 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- North Mankato$1,627
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in North Mankato, MN rose 2.4% over the past year — faster than the nation's +1.2%.
Living in North Mankato, Nicollet County, Minnesota
North Mankato is a city of 14,275 people in Nicollet County. Half its households earn more than $80,791 a year and half less, against $79,756 across Nicollet County; 4% of its people live below the poverty line. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Nicollet County was 3.7% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. North Mankato is a small city whose residents skew a little younger than the typical American town, and most homes are lived in by their owners. Incomes run slightly above the county's, and relatively few people live below the poverty line. A good share of adults hold a four-year degree, and most people have a short drive to work. Winters are cold and snowy, with January the coldest month, while summers are warm, and precipitation through the year is moderate.
Work. Residents work mainly in schools, hospitals and social care, with manufacturing, retail and professional and business services also employing many. Among the largest workplaces in North Mankato are South Central College, Conagra Brands and Precision Press. Unemployment across Nicollet County is a little higher than a year ago, and the number of jobs there has slipped slightly.
Things to do. Sibley Park, a garden, and the Children's Museum of Southern Minnesota are both in or beside town. A short drive away is Minneopa State Park, a protected area, and Mount Kato, a ski area that suits the snowy winters. Wita Lake is also a short drive away for time by the water.
Report a mistake
- 5,927households
- 41%of adults have a degree
- 4%below the poverty line
- 15 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Nicollet County had 14,599 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 6°; warmest in July, with highs near 82° and lows near 62°. About 39 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mankato weather station, 2 miles away (NOAA).
Largest workplaces in North Mankato
- The Occasions Group304
- South Central CollegeTwo-year college292
- Taylor Print and Visual Impressions - N Man257
- Conagra BrandsPopcorn candy covered popped manufacturing214
- Fun.comRetail204
- Precision Press179
- Navitor - MN Labels133
- City of North MankatoGeneral public administration128
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 32 workplaces with 20 or more staff, 3,047 people in all. Colleges come from IPEDS (NCES, 2023–24). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Winter weatherRelatively high
- Cold wavesRelatively high
- Hailrelatively high in parts of North MankatoRelatively moderate
- Tornadoesrelatively high in parts of North MankatoRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in North Mankato’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Nicollet County and the Mankato, MN metro.
North Mankato home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- North Mankato$309,901
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 North Mankato listings, and the typical home goes pending in 28 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- North Mankato33.95%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- North Mankato28
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- North Mankato63
New listings per month
Sellers arriving at the market.
- North Mankato18
Median sale price
What buyers actually paid — closed sales, not asking prices.
- North Mankato$292,322
- United States$371,553
Zip codes with a North Mankato address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls North Mankato — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.