Foreclosure Homes in Mankato, MN

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View this home at 164th St Mankato MN 56001
View this home at Tanager Rd Mankato MN 56001
$307,593 EMV

4 Bed | 3 Bath | 1,763 Sq. Ft.

View this home at Page Ave North Mankato MN 56003
$237,699 EMV

4 Bed

View this home at Center St Mankato MN 56001
$197,605 EMV

3 Bed | 1,708 Sq. Ft.

View this home at Mckinley Ave North Mankato MN 56003
$228,689 EMV
View this home at Torrey Pines Dr Mankato MN 56001
View this home at 190th St Mankato MN 56001
$240,255 EMV

3 Bed | 1,296 Sq. Ft.

5 View this home at Norton St Mankato MN 56001
$215,720 EMV

2 Bed | 1 Bath | 976 Sq. Ft.

5 View this home at Torrey Pines Drive Mankato MN 56001

4 Bed | 3 Bath | 1,401 Sq. Ft.

View this home at Savannah S Mankato MN 56001
Bankruptcy NEW
$338,500 EMV
Displaying 1 - 10 of 74
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Home Value Estimator For Mankato, MN

There are currently 13,868 real estate properties in Mankato, MN, with a median automated valuation model (AVM) price of $294,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mankato, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mankato, MN, is $334,047.00, with the most expensive house in Mankato, MN, topping out at $4,843,000.00 and the cheapest home in Mankato, MN, clocking in at $39,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Mankato, MN!

Rent Prices In Mankato, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mankato, MN, is on a rollercoaster ride. The average rent price in Mankato, MN, is $1,553.00. Indeed, when looking to rent in Mankato, MN, you can expect to pay as little as $690.00 or as much as $3,840.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Mankato, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Mankato, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mankato, MN area at Get information on foreclosure homes for rent, how to buy foreclosures in Mankato, MN and much more. Save thousands at closing with home foreclosure listings in Mankato, MN — up to 75% off market value!

Top Reasons To Live In Mankato, MN In 2023

Mankato is located in Blue Earth, Minnesota, with an estimated municipal population of 42,931 residents. All of the best foreclosed homes for sale in Mankato are located in the following zip code areas on 56001 56002. The estimated population per square kilometer (.62 miles) in Mankato is 868.

Cost Of Living In Mankato, MN

So, about how much do homes cost in Mankato? The most recent median value of resident-owned homes in Mankato is 180,539. An estimated 50.1 percent of households in Mankato own their homes, with an average family size of 2.85. The median household income in Mankato is 47,924, with19.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mankato, the median commute time of resident workers (in minutes) is 16.5. And last, but certainly not least, are you looking for homes to rent in Mankato? If so, the average rent price paid by renters in Mankato is 899, according to recent statistics.

Diversity And Demographics In Mankato, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mankato, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Mankato is 25.8, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Mankato is 32.8, with an average family size of 2.85.

The percentage of residents who report their race in Mankato is as follows:

White 87.5%
Black / African American 5.6%
Asian 3.2%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 0.7%

Looking for family-friendly neighborhoods in and/or near Mankato? Or maybe you are searching for 55+ active adult communities in and/or near Mankato?

The percentage of residents who report their age in Mankato is as follows:

Under 10 10.5%
Aged 10-19 15%
20s 30.8%
30s 11.8%
40s 7.8%
50s 8%
60s 7.9%
70s 4.6%
80+ 3.7%

Best Schools In Mankato, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mankato with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mankato.

Pros And Cons Of Living In Mankato, Minnesota

How do you know that living in -- or moving to -- Mankato is right where you need to be? Perhaps you grew up in Mankato or already live nearby; therefore, the decision to buy a home in Mankato is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mankato for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mankato:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mankato.

Reasons To Move To Mankato, Minnesota, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mankato can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mankato, meanwhile, can field multiple offers from more qualified buyers.

Mankato, MN Foreclosures


Listing types in Mankato, MN

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