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Foreclosure Homes in Mankato, MN

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5 View this home at Tyler Ave Mankato MN 56003
Foreclosure
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Tyler Ave
Mankato, MN 56003
Single-Family
|
3 |
1
|
1,161
AUCTION: 04-22-2024
Single-Family
|
3 |
1
|
1,161
View this home at N Black Eagle Dr Mankato MN 56001
Preforeclosure
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$193,689 EMV
N Black Eagle Dr
Mankato, MN 56001
Single-Family
|
3 |
1,120
EST. RENT: $1,460
|
AUCTION: 05-31-2024
Single-Family
|
3 |
1,120
3 View this home at Savannah Ct Mankato MN 56001
Preforeclosure
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$416,640 EMV
Savannah Ct
Mankato, MN 56001
3 |
2
EST. RENT: $1,790
|
AUCTION: 06-11-2024
3 |
2
View this home at N Broad St Mankato MN 56001
Preforeclosure
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$155,490 EMV
N Broad St
Mankato, MN 56001
Single-Family
|
2 |
1,614
EST. RENT: $1,291
|
AUCTION: 05-30-2024
Single-Family
|
2 |
1,614
View this home at N 6th St Mankato MN 56001
Preforeclosure
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$188,400 EMV
N 6th St
Mankato, MN 56001
Multi-Family
|
4 |
2
|
1,792
EST. RENT: $1,400
|
AUCTION: 05-24-2024
Multi-Family
|
4 |
2
|
1,792
View this home at Thayer Ave Mankato MN 56001
Preforeclosure
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$240,522 EMV
Thayer Ave
Mankato, MN 56001
Single-Family
|
5 |
2
|
1,168
EST. RENT: $1,810
|
AUCTION: 05-10-2024
Single-Family
|
5 |
2
|
1,168
View this home at N 6th St Mankato MN 56001
Preforeclosure
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$251,398 EMV
N 6th St
Mankato, MN 56001
Single-Family
|
4 |
1,620
EST. RENT: $1,670
|
AUCTION: 05-02-2024
Single-Family
|
4 |
1,620
View this home at Fulton St Mankato MN 56001
Preforeclosure
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$186,502 EMV
Fulton St
Mankato, MN 56001
Single-Family
|
6 |
1,659
EST. RENT: $1,810
|
AUCTION: 05-01-2024
Single-Family
|
6 |
1,659
View this home at Bradley St Mankato MN 56001
Preforeclosure
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$274,582 EMV
Bradley St
Mankato, MN 56001
Single-Family
|
3 |
1,738
EST. RENT: $1,580
|
AUCTION: 04-23-2024
Single-Family
|
3 |
1,738
3 View this home at Page Ave North Mankato MN 56003
Preforeclosure
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$244,732 EMV
Page Ave
North Mankato, MN 56003
Single-Family
|
4 |
EST. RENT: $1,600
|
AUCTION: 06-05-2024
Single-Family
|
4 |
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Mankato, MN Foreclosures

How much do homes sell for in Mankato, MN?
The average home price is currently $319,691.
In Mankato, MN, how many homes are available?
There are currently 14,006 active home listings available in Mankato.
What’s the average rental cost in Mankato, MN?
The average rental price in Mankato is $1,552.
What is the most expensive home in Mankato, Minnesota?
The most expensive home sold in Mankato had a price of $4,708,400.
What is currently the cheapest priced home in Mankato, MN?
The cheapest home for sale in Mankato is priced at $14,125.

Home Value Estimator For Mankato, MN

There are currently 14,006 real estate properties in Mankato, MN, with a median automated valuation model (AVM) price of $281,964.00. 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 $319,691.00, with the most expensive house in Mankato, MN, topping out at $4,708,400.00 and the cheapest home in Mankato, MN, clocking in at $14,125.00. 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 $1,552.00. Indeed, when looking to rent in Mankato, MN, you can expect to pay as little as $570.00 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.


Top Reasons To Live In Mankato, MN In 2024

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 Foreclosure.com: 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 2024

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


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