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1 / 23#23. Mankato, MN
- 1-year price change: +$4,876 (+1.6%)
- 5-year price change: +$56,356 (+22.7%)
- Typical home value: $305,115 (#8 most expensive city in metro)
Cities with the fastest-growing home prices in the Mankato metro area
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The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the most expensive homes in the Mankato, MN metro area using data from . Charts show the monthly typical home value since January 2018.
You may also like: Where people in Mankato are looking to buy homes
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2 / 23#22. Skyline, MN
- 1-year price change: +$6,734 (+1.9%)
- 5-year price change: +$63,016 (+21.7%)
- Typical home value: $353,432 (#2 most expensive city in metro)
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3 / 23#21. Madelia, MN
- 1-year price change: +$8,251 (+4.5%)
- 5-year price change: +$56,406 (+42.0%)
- Typical home value: $190,665 (#22 most expensive city in metro)
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4 / 23#20. Saint Peter, MN
- 1-year price change: +$8,742 (+3.0%)
- 5-year price change: +$55,697 (+22.8%)
- Typical home value: $300,004 (#9 most expensive city in metro)
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5 / 23#19. Saint Clair, MN
- 1-year price change: +$9,141 (+3.6%)
- 5-year price change: +$42,432 (+19.3%)
- Typical home value: $261,847 (#13 most expensive city in metro)
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6 / 23#18. Eagle Lake, MN
- 1-year price change: +$9,284 (+2.8%)
- 5-year price change: +$65,261 (+23.5%)
- Typical home value: $343,452 (#3 most expensive city in metro)
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7 / 23#17. Mapleton, MN
- 1-year price change: +$9,621 (+3.9%)
- 5-year price change: +$59,827 (+30.9%)
- Typical home value: $253,499 (#17 most expensive city in metro)
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8 / 23#16. North Mankato, MN
- 1-year price change: +$9,856 (+3.2%)
- 5-year price change: +$66,160 (+26.7%)
- Typical home value: $313,736 (#7 most expensive city in metro)
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9 / 23#15. Lake Crystal, MN
- 1-year price change: +$10,188 (+3.6%)
- 5-year price change: +$67,927 (+29.9%)
- Typical home value: $294,804 (#10 most expensive city in metro)
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10 / 23#14. Vernon Center, MN
- 1-year price change: +$11,064 (+4.6%)
- 5-year price change: +$62,557 (+32.7%)
- Typical home value: $254,037 (#16 most expensive city in metro)
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11 / 23#13. Janesville, MN
- 1-year price change: +$11,927 (+4.4%)
- 5-year price change: +$57,884 (+25.4%)
- Typical home value: $285,417 (#12 most expensive city in metro)
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12 / 23#12. Minnesota Lake, MN
- 1-year price change: +$12,282 (+6.2%)
- 5-year price change: +$61,691 (+41.2%)
- Typical home value: $211,314 (#21 most expensive city in metro)
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13 / 23#11. Gaylord, MN
- 1-year price change: +$12,602 (+5.3%)
- 5-year price change: +$44,772 (+21.5%)
- Typical home value: $252,552 (#18 most expensive city in metro)
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14 / 23#10. Amboy, MN
- 1-year price change: +$13,148 (+5.4%)
- 5-year price change: +$69,358 (+37.4%)
- Typical home value: $254,938 (#15 most expensive city in metro)
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15 / 23#9. Gibbon, MN
- 1-year price change: +$13,364 (+5.9%)
- 5-year price change: +$25,909 (+12.2%)
- Typical home value: $238,462 (#20 most expensive city in metro)
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16 / 23#8. Fairfax, MN
- 1-year price change: +$13,818 (+8.1%)
- 5-year price change: +$33,063 (+22.0%)
- Typical home value: $183,471 (#23 most expensive city in metro)
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17 / 23#7. Good Thunder, MN
- 1-year price change: +$16,151 (+5.1%)
- 5-year price change: +$87,586 (+36.1%)
- Typical home value: $330,104 (#5 most expensive city in metro)
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18 / 23#6. Lafayette, MN
- 1-year price change: +$16,961 (+6.9%)
- 5-year price change: +$66,736 (+34.3%)
- Typical home value: $261,416 (#14 most expensive city in metro)
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19 / 23#5. Pemberton, MN
- 1-year price change: +$17,740 (+7.9%)
- 5-year price change: +$58,131 (+31.4%)
- Typical home value: $243,371 (#19 most expensive city in metro)
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20 / 23#4. Nicollet, MN
- 1-year price change: +$18,617 (+6.0%)
- 5-year price change: +$75,827 (+30.0%)
- Typical home value: $328,900 (#6 most expensive city in metro)
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21 / 23#3. Courtland, MN
- 1-year price change: +$18,684 (+5.9%)
- 5-year price change: +$87,800 (+35.1%)
- Typical home value: $337,731 (#4 most expensive city in metro)
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22 / 23#2. Garden City, MN
- 1-year price change: +$19,625 (+7.4%)
- 5-year price change: +$66,473 (+30.3%)
- Typical home value: $286,179 (#11 most expensive city in metro)
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23 / 23#1. Madison Lake, MN
- 1-year price change: +$19,679 (+4.5%)
- 5-year price change: +$99,743 (+28.1%)
- Typical home value: $454,106 (#1 most expensive city in metro)
