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1 / 23#23. Fairfax, MN
- Typical home value: $183,471
- 1-year price change: +8.1%
- 5-year price change: +22.0%
Cities with the most expensive homes in the Mankato metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Mankato metro area using data from . Charts show the monthly typical home value since January 2018. All 23 cities and towns with data available were included in the list.
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2 / 23#22. Madelia, MN
- Typical home value: $190,665
- 1-year price change: +4.5%
- 5-year price change: +42.0%
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3 / 23#21. Minnesota Lake, MN
- Typical home value: $211,314
- 1-year price change: +6.2%
- 5-year price change: +41.2%
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4 / 23#20. Gibbon, MN
- Typical home value: $238,462
- 1-year price change: +5.9%
- 5-year price change: +12.2%
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5 / 23#19. Pemberton, MN
- Typical home value: $243,371
- 1-year price change: +7.9%
- 5-year price change: +31.4%
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6 / 23#18. Gaylord, MN
- Typical home value: $252,552
- 1-year price change: +5.3%
- 5-year price change: +21.5%
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7 / 23#17. Mapleton, MN
- Typical home value: $253,499
- 1-year price change: +3.9%
- 5-year price change: +30.9%
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8 / 23#16. Vernon Center, MN
- Typical home value: $254,037
- 1-year price change: +4.6%
- 5-year price change: +32.7%
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9 / 23#15. Amboy, MN
- Typical home value: $254,938
- 1-year price change: +5.4%
- 5-year price change: +37.4%
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10 / 23#14. Lafayette, MN
- Typical home value: $261,416
- 1-year price change: +6.9%
- 5-year price change: +34.3%
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11 / 23#13. Saint Clair, MN
- Typical home value: $261,847
- 1-year price change: +3.6%
- 5-year price change: +19.3%
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12 / 23#12. Janesville, MN
- Typical home value: $285,417
- 1-year price change: +4.4%
- 5-year price change: +25.4%
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13 / 23#11. Garden City, MN
- Typical home value: $286,179
- 1-year price change: +7.4%
- 5-year price change: +30.3%
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14 / 23#10. Lake Crystal, MN
- Typical home value: $294,804
- 1-year price change: +3.6%
- 5-year price change: +29.9%
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15 / 23#9. Saint Peter, MN
- Typical home value: $300,004
- 1-year price change: +3.0%
- 5-year price change: +22.8%
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16 / 23#8. Mankato, MN
- Typical home value: $305,115
- 1-year price change: +1.6%
- 5-year price change: +22.7%
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17 / 23#7. North Mankato, MN
- Typical home value: $313,736
- 1-year price change: +3.2%
- 5-year price change: +26.7%
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18 / 23#6. Nicollet, MN
- Typical home value: $328,900
- 1-year price change: +6.0%
- 5-year price change: +30.0%
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19 / 23#5. Good Thunder, MN
- Typical home value: $330,104
- 1-year price change: +5.1%
- 5-year price change: +36.1%
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20 / 23#4. Courtland, MN
- Typical home value: $337,731
- 1-year price change: +5.9%
- 5-year price change: +35.1%
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21 / 23#3. Eagle Lake, MN
- Typical home value: $343,452
- 1-year price change: +2.8%
- 5-year price change: +23.5%
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22 / 23#2. Skyline, MN
- Typical home value: $353,432
- 1-year price change: +1.9%
- 5-year price change: +21.7%
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23 / 23#1. Madison Lake, MN
- Typical home value: $454,106
- 1-year price change: +4.5%
- 5-year price change: +28.1%
