MANKATO Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Mankato averaged 6.7% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.91% and one month ago for the week of 2024-10-10, the average rate was 6.24%.

    Mankato's average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Mankato 30 Year Fixed Rate 2024-11-14 6.7%
    Mankato 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Mankato 15 Year Fixed Rate 2024-11-14 5.79%
    Mankato 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Mankato 30 Year FHA 2024-11-14 -0.3%
    Mankato 30 Year FHA Refi 2024-11-14 -0.2%
    Mankato 30 Year USDA 2024-11-14 0.2%
    Mankato 30 Year USDA Refi 2024-11-14 0.1%
    Mankato 30 Year VA 2024-11-14 -0.2%
    Mankato 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MANKATO, MN.

    MANKATO Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MANKATO, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 146 6.93% $6,414
    CROSSCOUNTRY MORTGAGE, LLC 41 6.83% $6,209
    Wells Fargo Bank 34 6.84% $4,589
    Bremer Bank 33 6.53% $6,408
    QUICKEN LOANS, LLC 33 6.74% $6,417
    Frandsen Bank & Trust 28 6.57% $4,070
    U.S. Bank 21 6.74% $3,668
    Citizens Community Federal 14 6.27% $3,473
    IOWA BANKERS MORTGAGE CORPORATION 13 6.63% $4,608
    LOANDEPOT.COM, LLC 11 7.02% $5,669
    Cambria Financial Group, LLC 11 6.66% $5,489
    CRESCENT MORTGAGE COMPANY 10 7.25% $5,277
    Plains Commerce Bank 10 7.17% $5,854
    PLAZA HOME MORTGAGE, INC. 8 6.86% $4,896
    COMPEER FINANCIAL, FLCA 7 7.80% $3,987
    AFFINITY PLUS 7 6.84% $4,322
    BROKER SOLUTIONS, INC. 6 7.42% $5,515
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.56% $5,326
    The Huntington National Bank 5 6.85% $4,732
    Bell Bank 5 6.47% $7,147
    American Mortgage & Equity Consultants, Inc. 5 7.07% $7,511
    Flagstar Bank, FSB 4 7.10% $4,503
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 4 6.59% $4,335
    Prosperity Home Mortgage, LLC 4 6.84% $5,729
    USAA Federal Savings Bank 4 6.38% $4,700
    GUARANTEED RATE, INC. 3 7.00% $4,414
    Mortgage Research Center, LLC 3 6.33% $1,630
    CARDINAL FINANCIAL 2 6.69% $7,662
    CENTRAL MINNESOTA Credit Union 2 6.75% $3,165
    Mr. Cooper ( Nationstar Mortgage ) 2 6.43% $7,080
    JPMorgan Chase Bank 2 6.94% $4,096
    AMERISAVE MORTGAGE CORPORATION 2 7.44% $7,725
    Citizens Bank Minnesota 2 5.94% $4,129
    Cornerstone State Bank 2 6.90% $3,208
    Stifel Bank and Trust 2 6.69% $3,209
    Merchants Bank 2 6.46% $3,252
    BMO Harris Bank 2 6.44% $3,411
    Tradition Mortgage, LLC 2 6.50% $3,800
    EVERETT FINANCIAL, INC. 2 6.81% $4,609
    PENNYMAC LOAN SERVICES, LLC 2 6.69% $5,400
    NEWREZ LLC 2 5.63% $4,660
    WINGS FINANCIAL 1 5.38% $3,264
    Alerus Financial 1 7.13% $4,993
    BAY EQUITY LLC 1 6.49% $4,177
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $4,047
    Citizens Bank 1 7.38% $5,652
    CMG MORTGAGE, INC. 1 6.75% $5,323
    Deerwood Bank 1 6.50% $4,947
    First Federal Bank 1 7.88% $8,028
    First National Bank of America 1 8.75% $11,015
    First Western Bank & Trust 1 6.13% $3,790
    HIWAY 1 5.75% $3,664
    Home Federal Savings Bank 1 7.00% $5,434
    HOMESTEAD FUNDING CORP. 1 6.13% $5,859
    Honor Credit Union 1 6.38% $3,612
    LENDSURE MORTGAGE CORP. 1 9.50% $15,325
    Liberty Bank Minnesota 1 6.88% $3,053
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $6,686
    Minnwest Bank 1 7.00% $4,572
    Morgan Stanley Private Bank 1 5.60% $3,298
    MOVEMENT MORTGAGE, LLC 1 6.63% $6,892
    NAVY FEDERAL CREDIT UNION 1 5.75% $3,134
    Old National Bank 1 7.63% $3,360
    PNC Bank 1 6.50% $5,965
    PREMIA MORTGAGE, LLC 1 6.99% $3,280
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.63% $4,553
    Raymond James Bank 1 5.13% $4,363
    SPIRE Credit Union 1 5.25% $5,591
    The Loan Store, Inc. 1 7.38% $6,761
    Think Mutual Bank 1 5.50% $3,782
    THRIVENT Federal Credit Union 1 7.00% $3,192
    TOPLINE FEDERAL CREDIT UNION 1 4.75% $6,146
    Academy Bank 1 7.13% $4,944

    MANKATO Average Closing Costs & Other Stats

    MANKATO, MN's 73 lenders originated 1,488 loans during 2023. The total origination value was $391,610,000, with an average loan value of $263,179.

    MANKATO's average closing costs are $4,519.

    The top MANKATO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 146 loans originated. Their average total fees are $6,414, which is $204 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee MANKATO lenders (with over 10 loans originated) are Citizens Community Federal ($3,473), U.S. Bank ($3,668), Frandsen Bank & Trust ($4,070), Wells Fargo Bank ($4,589) and IOWA BANKERS MORTGAGE CORPORATION ($4,608).

    The lowest rate MANKATO lenders (with over 10 loans originated) are Citizens Community Federal (6.27%), Bremer Bank (6.53%), Frandsen Bank & Trust (6.57%), IOWA BANKERS MORTGAGE CORPORATION (6.63%) and Cambria Financial Group, LLC (6.66%).

    MANKATO, MN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    UNITED WHOLESALE MORTGAGE, LLC $66,440,000 $59,560,000 -10.4% 15.2%
    GREYSTONE SERVICING COMPANY LLC $46,085,000 n/a 11.8%
    Community Bank Mankato $69,775,000 $27,215,000 -61.0% 6.9%
    Pioneer Bank $17,375,000 n/a 4.4%
    CROSSCOUNTRY MORTGAGE, LLC $33,020,000 $16,500,000 -50.0% 4.2%
    Bank Midwest $675,000 $16,425,000 2,333.3% 4.2%
    Minnesota Valley Federal Credit Union $24,320,000 $15,980,000 -34.3% 4.1%
    Bremer Bank $25,715,000 $13,795,000 -46.4% 3.5%
    QUICKEN LOANS, LLC $14,060,000 $11,930,000 -15.1% 3.0%
    Wells Fargo Bank $22,465,000 $11,805,000 -47.5% 3.0%
    Frandsen Bank & Trust $15,520,000 $10,305,000 -33.6% 2.6%
    U.S. Bank $20,915,000 $9,635,000 -53.9% 2.5%
    MinnStar Bank N.A. $8,470,000 $8,260,000 -2.5% 2.1%
    AFFINITY PLUS $5,775,000 $6,305,000 9.2% 1.6%
    SOUTHPOINT FINANCIAL $5,945,000 $6,295,000 5.9% 1.6%
    Citizens Community Federal $6,100,000 $5,640,000 -7.5% 1.4%
    LOANDEPOT.COM, LLC $4,560,000 $4,595,000 0.8% 1.2%
    Profinium Inc. $4,435,000 n/a 1.1%
    First National Bank Minnesota $4,400,000 n/a 1.1%
    BankVista $4,390,000 $4,295,000 -2.2% 1.1%
    COMPEER FINANCIAL, FLCA $8,240,000 $4,185,000 -49.2% 1.1%
    Plains Commerce Bank $7,080,000 $4,010,000 -43.4% 1.0%
    Cambria Financial Group, LLC $2,575,000 $3,895,000 51.3% 1.0%
    Mortgage Research Center, LLC $5,430,000 $3,760,000 -30.8% 1.0%
    Bridgewater Bank $1,915,000 $3,585,000 87.2% 0.9%
    IOWA BANKERS MORTGAGE CORPORATION $7,060,000 $3,170,000 -55.1% 0.8%
    CRESCENT MORTGAGE COMPANY $2,965,000 $2,815,000 -5.1% 0.7%
    HomeTown Bank $3,490,000 $2,720,000 -22.1% 0.7%
    PLAZA HOME MORTGAGE, INC. $6,065,000 $2,585,000 -57.4% 0.7%
    Prosperity Home Mortgage, LLC $3,125,000 $2,450,000 -21.6% 0.6%
    United Prairie Bank $2,405,000 n/a 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,060,000 $2,395,000 -21.7% 0.6%
    Bell Bank $2,550,000 $2,330,000 -8.6% 0.6%
    The Huntington National Bank $6,620,000 $2,300,000 -65.3% 0.6%
    BROKER SOLUTIONS, INC. $4,585,000 $2,155,000 -53.0% 0.6%
    GUARANTEED RATE, INC. $2,565,000 $1,915,000 -25.3% 0.5%
    Old National Bank $3,945,000 $1,810,000 -54.1% 0.5%
    Citizens Bank Minnesota $3,355,000 $1,705,000 -49.2% 0.4%
    Cornerstone State Bank $3,390,000 $1,630,000 -51.9% 0.4%
    PENNYMAC LOAN SERVICES, LLC $2,735,000 $1,460,000 -46.6% 0.4%
    American Mortgage & Equity Consultants, Inc. $530,000 $1,445,000 172.6% 0.4%
    Flagstar Bank, FSB $2,965,000 $1,355,000 -54.3% 0.3%
    Alliance Bank $1,675,000 $1,240,000 -26.0% 0.3%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $850,000 $1,240,000 45.9% 0.3%
    NAVY FEDERAL CREDIT UNION $1,895,000 $1,235,000 -34.8% 0.3%
    Carrington Mortgage Services, LLC $2,165,000 $1,165,000 -46.2% 0.3%
    USAA Federal Savings Bank $720,000 $1,045,000 45.1% 0.3%
    HIWAY $205,000 $1,030,000 402.4% 0.3%
    CARDINAL FINANCIAL $990,000 $975,000 -1.5% 0.2%
    JPMorgan Chase Bank $1,060,000 $975,000 -8.0% 0.2%
    Stifel Bank and Trust $215,000 $880,000 309.3% 0.2%
    Alerus Financial $360,000 $875,000 143.1% 0.2%
    Bank of America $110,000 $850,000 672.7% 0.2%
    FREEDOM MORTGAGE CORPORATION $1,215,000 $805,000 -33.7% 0.2%
    First Federal Bank $630,000 $765,000 21.4% 0.2%
    Home Federal Savings Bank $1,725,000 $735,000 -57.4% 0.2%
    NEWREZ LLC $1,870,000 $705,000 -62.3% 0.2%
    Tradition Mortgage, LLC $1,285,000 $610,000 -52.5% 0.2%
    BMO Harris Bank $995,000 $560,000 -43.7% 0.1%
    NBKC BANK $255,000 $560,000 119.6% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,600,000 $555,000 -65.3% 0.1%
    West Bank $2,005,000 $550,000 -72.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,005,000 $535,000 -46.8% 0.1%
    AMERISAVE MORTGAGE CORPORATION $1,905,000 $525,000 -72.4% 0.1%
    Discover Bank $215,000 $495,000 130.2% 0.1%
    Merchants Bank $15,040,000 $445,000 -97.0% 0.1%
    SPIRE Credit Union $575,000 $440,000 -23.5% 0.1%
    LENDSURE MORTGAGE CORP. $435,000 n/a 0.1%
    First National Bank of America $415,000 n/a 0.1%
    TOPLINE FEDERAL CREDIT UNION $615,000 $400,000 -35.0% 0.1%
    WINGS FINANCIAL $1,385,000 $400,000 -71.1% 0.1%
    Citizens Bank $365,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $235,000 $360,000 53.2% 0.1%
    Academy Bank $885,000 $345,000 -61.0% 0.1%
    Ixonia Bank $335,000 n/a 0.1%
    Raymond James Bank $325,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $325,000 n/a 0.1%
    PREMIA MORTGAGE, LLC $255,000 $315,000 23.5% 0.1%
    Citizens Alliance Bank $310,000 n/a 0.1%
    PNC Bank $305,000 n/a 0.1%
    BANKWEST, INC. $95,000 $295,000 210.5% 0.1%
    Royal Credit Union $560,000 $290,000 -48.2% 0.1%
    The First National Bank of Le Center $1,420,000 $280,000 -80.3% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $275,000 n/a 0.1%
    ProGrowth Bank $270,000 n/a 0.1%
    BAY EQUITY LLC $1,200,000 $265,000 -77.9% 0.1%
    Chickasaw Community Bank $265,000 n/a 0.1%
    First National Bank of Omaha $265,000 n/a 0.1%
    The Loan Store, Inc. $265,000 n/a 0.1%
    CMG MORTGAGE, INC. $255,000 n/a 0.1%
    Morgan Stanley Private Bank $485,000 $255,000 -47.4% 0.1%
    Paramount Residential Mortgage Group, Inc. $255,000 $255,000 0.0% 0.1%
    Luana Savings Bank $245,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $1,440,000 $245,000 -83.0% 0.1%
    CHURCHILL MORTGAGE CORPORATION $490,000 $235,000 -52.0% 0.1%
    MASON MCDUFFIE MORTGAGE CORPORATION $215,000 $235,000 9.3% 0.1%
    CENTRAL MINNESOTA Credit Union $41,615,000 $230,000 -99.4% 0.1%
    Deerwood Bank $230,000 n/a 0.1%
    F & M Community Bank $225,000 n/a 0.1%
    First Western Bank & Trust $215,000 n/a 0.1%
    Minnwest Bank $825,000 $215,000 -73.9% 0.1%
    Barrington Bank & Trust Company, N.A. $460,000 $195,000 -57.6% 0.0%
    Liberty Bank Minnesota $195,000 n/a 0.0%
    THRIVENT Federal Credit Union $645,000 $190,000 -70.5% 0.0%
    Servion, Inc. $560,000 $185,000 -67.0% 0.0%
    Think Mutual Bank $1,185,000 $185,000 -84.4% 0.0%
    CORNERSTONE HOME LENDING, INC. $175,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $450,000 $175,000 -61.1% 0.0%
    HOMESTEAD FUNDING CORP. $175,000 n/a 0.0%
    Hiawatha National Bank $165,000 n/a 0.0%
    PLANET HOME LENDING, LLC $165,000 n/a 0.0%
    Summit Mortgage Corporation $160,000 $165,000 3.1% 0.0%
    Figure Lending LLC $110,000 $160,000 45.5% 0.0%
    Equity Prime Mortgage LLC $255,000 $155,000 -39.2% 0.0%
    Great Southern Bank $3,825,000 $145,000 -96.2% 0.0%
    Highland Bank $145,000 n/a 0.0%
    Honor Credit Union $145,000 n/a 0.0%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $1,765,000 $145,000 -91.8% 0.0%
    Security Savings Bank $2,255,000 $135,000 -94.0% 0.0%
    Heartland Credit Union $155,000 $105,000 -32.3% 0.0%
    VERIDIAN CREDIT UNION $95,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $35,000 $80,000 128.6% 0.0%
    Coastal Community Bank $75,000 n/a 0.0%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $75,000 n/a 0.0%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $75,000 -34.8% 0.0%
    First State Bank of Le Center $70,000 n/a 0.0%
    Deere Employees Credit Union $385,000 $65,000 -83.1% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $155,000 $65,000 -58.1% 0.0%
    Chartwell Financial, LLC $390,000 $55,000 -85.9% 0.0%
    MID AMERICA MORTGAGE, INC. $45,000 n/a 0.0%
    Connexus Credit Union $35,000 n/a 0.0%

    MANKATO's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 15.2% market share. In second place, with 11.8%, is GREYSTONE SERVICING COMPANY LLC, having originated $46,085,000 in loans. In third place, with 6.9%, is Community Bank Mankato, having originated $27,215,000 in loans. In fourth place, with 4.4%, is Pioneer Bank, having originated $17,375,000 in loans. In fifth place, with 4.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $16,500,000 in loans.

    MANKATO Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - MANKATO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $229,900 (15.7%) $286,261 (18.2%) 0.00 225
    2018-02-01 $237,800 (22.0%) $287,153 (19.6%) 0.00 220
    2018-03-01 $239,700 (17.9%) $298,028 (23.2%) 0.00 234
    2018-04-01 $240,450 (14.7%) $297,579 (17.1%) 0.00 260
    2018-05-01 $244,400 (11.4%) $296,169 (11.3%) 0.00 281
    2018-06-01 $249,900 (13.5%) $298,767 (10.6%) 0.00 300
    2018-07-01 $244,925 (7.6%) $292,969 (7.2%) 0.00 320
    2018-08-01 $247,225 (7.7%) $290,053 (5.8%) 0.00 338
    2018-09-01 $235,400 (0.2%) $281,456 (0.6%) 0.00 357
    2018-10-01 $240,575 (4.8%) $278,034 (-0.4%) 0.00 359
    2018-11-01 $243,075 (6.3%) $277,367 (-0.3%) 0.00 335
    2018-12-01 $242,900 (6.7%) $277,448 (-2.3%) 0.00 285
    2019-01-01 $248,650 (8.2%) $285,562 (-0.2%) 0.00 257
    2019-02-01 $249,900 (5.1%) $292,625 (1.9%) 0.00 251
    2019-03-01 $254,014 (6.0%) $295,521 (-0.8%) 0.00 262
    2019-04-01 $258,814 (7.6%) $297,913 (0.1%) 0.00 274
    2019-05-01 $257,425 (5.3%) $296,031 (-0.1%) 0.00 315
    2019-06-01 $259,900 (4.0%) $298,399 (-0.1%) 0.00 332
    2019-07-01 $259,900 (6.1%) $297,404 (1.5%) 0.00 335
    2019-08-01 $255,736 (3.4%) $294,196 (1.4%) 0.00 351
    2019-09-01 $256,841 (9.1%) $291,105 (3.4%) 0.00 356
    2019-10-01 $258,800 (7.6%) $289,299 (4.1%) 0.00 359
    2019-11-01 $258,000 (6.1%) $289,071 (4.2%) 0.00 326
    2019-12-01 $255,650 (5.3%) $287,846 (3.8%) 0.00 277
    2020-01-01 $255,925 (2.9%) $284,611 (-0.3%) 0.00 253
    2020-02-01 $269,900 (8.0%) $294,786 (0.7%) 0.00 235
    2020-03-01 $277,450 (9.2%) $311,970 (5.6%) 0.00 261
    2020-04-01 $278,950 (7.8%) $313,710 (5.3%) 0.00 267
    2020-05-01 $299,000 (16.2%) $324,984 (9.8%) 0.00 269
    2020-06-01 $299,900 (15.4%) $331,417 (11.1%) 0.00 242
    2020-07-01 $298,050 (14.7%) $332,730 (11.9%) 0.00 205
    2020-08-01 $290,950 (13.8%) $336,825 (14.5%) 0.00 204
    2020-09-01 $282,225 (9.9%) $335,209 (15.2%) 0.00 195
    2020-10-01 $267,900 (3.5%) $316,434 (9.4%) 0.00 198
    2020-11-01 $253,650 (-1.7%) $308,550 (6.7%) 0.00 156
    2020-12-01 $256,200 (0.2%) $306,229 (6.4%) 0.00 139
    2021-01-01 $250,000 (-2.3%) $316,392 (11.2%) 0.00 100
    2021-02-01 $269,400 (-0.2%) $321,330 (9.0%) 0.00 86
    2021-03-01 $280,675 (1.2%) $329,846 (5.7%) 0.00 91
    2021-04-01 $283,650 (1.7%) $340,400 (8.5%) 0.00 104
    2021-05-01 $289,450 (-3.2%) $345,202 (6.2%) 0.00 92
    2021-06-01 $279,950 (-6.7%) $337,050 (1.7%) 0.00 110
    2021-07-01 $257,200 (-13.7%) $330,055 (-0.8%) 0.00 122
    2021-08-01 $262,450 (-9.8%) $328,269 (-2.5%) 0.00 144
    2021-09-01 $264,950 (-6.1%) $325,235 (-3.0%) 0.00 147
    2021-10-01 $269,900 (0.8%) $328,815 (3.9%) 0.00 149
    2021-11-01 $272,400 (7.4%) $341,385 (10.6%) 0.00 142
    2021-12-01 $295,225 (15.2%) $352,180 (15.0%) 0.00 113
    2022-01-01 $309,400 (23.8%) $359,819 (13.7%) 0.00 94
    2022-02-01 $317,425 (17.8%) $426,190 (32.6%) 0.00 80
    2022-03-01 $282,475 (0.6%) $377,063 (14.3%) 0.00 73
    2022-04-01 $279,900 (-1.3%) $334,835 (-1.6%) 0.00 87
    2022-05-01 $306,725 (6.0%) $360,771 (4.5%) 0.00 98
    2022-06-01 $319,900 (14.3%) $369,816 (9.7%) 0.00 136
    2022-07-01 $324,400 (26.1%) $369,288 (11.9%) 0.00 144
    2022-08-01 $324,675 (23.7%) $378,690 (15.4%) 0.00 145
    2022-09-01 $321,225 (21.2%) $373,725 (14.9%) 0.00 141
    2022-10-01 $319,000 (18.2%) $370,346 (12.6%) 0.00 145
    2022-11-01 $311,700 (14.4%) $363,350 (6.4%) 0.00 136
    2022-12-01 $337,400 (14.3%) $364,542 (3.5%) 0.00 123
    2023-01-01 $371,700 (20.1%) $384,880 (7.0%) 0.00 95
    2023-02-01 $384,900 (21.3%) $400,244 (-6.1%) 0.00 96
    2023-03-01 $399,900 (41.6%) $412,683 (9.5%) 0.00 85
    2023-04-01 $362,450 (29.5%) $403,194 (20.4%) 0.00 101
    2023-05-01 $359,900 (17.3%) $409,069 (13.4%) 0.00 126
    2023-06-01 $369,425 (15.5%) $413,627 (11.9%) 0.00 133
    2023-07-01 $369,900 (14.0%) $417,517 (13.1%) 0.00 134
    2023-08-01 $359,400 (10.7%) $401,825 (6.1%) 0.00 157
    2023-09-01 $349,900 (8.9%) $409,494 (9.6%) 0.00 165
    2023-10-01 $335,000 (5.0%) $379,913 (2.6%) 0.00 187
    2023-11-01 $336,950 (8.1%) $391,158 (7.7%) 0.00 181
    2023-12-01 $329,000 (-2.5%) $383,979 (5.3%) 0.00 154
    2024-01-01 $349,900 (-5.9%) $413,463 (7.4%) 0.00 132
    2024-02-01 $384,000 (-0.2%) $435,981 (8.9%) 0.00 115
    2024-03-01 $389,000 (-2.7%) $445,756 (8.0%) 0.00 122
    2024-04-01 $381,250 (5.2%) $434,651 (7.8%) 0.00 133
    2024-05-01 $392,975 (9.2%) $445,895 (9.0%) 0.00 130
    2024-06-01 $389,000 (5.3%) $445,987 (7.8%) 0.00 159
    2024-07-01 $379,925 (2.7%) $415,423 (-0.5%) 0.00 167
    2024-08-01 $377,200 (5.0%) $418,109 (4.1%) 0.00 185
    2024-09-01 $366,850 (4.8%) $414,287 (1.2%) 0.00 194
    2024-10-01 $359,750 (7.4%) $402,371 (5.9%) 0.00 205
    MANKATO's median listing price for 2024-10-01 was $359,750, a difference of $24,750 (7.4%) versus the prior year and $-7,100 versus the prior month.

    MANKATO's median listing price comes in at 0% of the national average.

    MANKATO's average listing price for 2024-10-01 was $402,371, a difference of $22,458 (5.9%) versus the prior year and $-11,916 versus the prior month.

    For the 2024-10-01 period, MANKATO had 205 MLS listings, a difference of 11 listings (6%) versus the prior month and 18 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - MANKATO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,136 sqft
    2018-02-01 0 days 2,094 sqft
    2018-03-01 0 days 2,128 sqft
    2018-04-01 0 days 2,153 sqft
    2018-05-01 0 days 2,139 sqft
    2018-06-01 0 days 2,139 sqft
    2018-07-01 0 days 2,112 sqft
    2018-08-01 0 days 2,136 sqft
    2018-09-01 0 days 2,101 sqft
    2018-10-01 0 days 2,093 sqft
    2018-11-01 0 days 2,096 sqft
    2018-12-01 0 days 2,099 sqft
    2019-01-01 0 days 2,155 sqft
    2019-02-01 0 days 2,146 sqft
    2019-03-01 0 days 2,124 sqft
    2019-04-01 0 days 2,158 sqft
    2019-05-01 0 days 2,143 sqft
    2019-06-01 0 days 2,185 sqft
    2019-07-01 0 days 2,244 sqft
    2019-08-01 0 days 2,180 sqft
    2019-09-01 0 days 2,167 sqft
    2019-10-01 0 days 2,157 sqft
    2019-11-01 0 days 2,151 sqft
    2019-12-01 0 days 2,094 sqft
    2020-01-01 0 days 2,018 sqft
    2020-02-01 0 days 2,142 sqft
    2020-03-01 0 days 2,245 sqft
    2020-04-01 0 days 2,220 sqft
    2020-05-01 0 days 2,292 sqft
    2020-06-01 0 days 2,567 sqft
    2020-07-01 0 days 2,635 sqft
    2020-08-01 0 days 2,699 sqft
    2020-09-01 0 days 2,625 sqft
    2020-10-01 0 days 2,504 sqft
    2020-11-01 0 days 2,490 sqft
    2020-12-01 0 days 2,481 sqft
    2021-01-01 0 days 2,478 sqft
    2021-02-01 0 days 2,387 sqft
    2021-03-01 0 days 2,451 sqft
    2021-04-01 0 days 2,439 sqft
    2021-05-01 0 days 2,473 sqft
    2021-06-01 0 days 2,420 sqft
    2021-07-01 0 days 2,365 sqft
    2021-08-01 0 days 2,301 sqft
    2021-09-01 0 days 2,257 sqft
    2021-10-01 0 days 2,326 sqft
    2021-11-01 0 days 2,322 sqft
    2021-12-01 0 days 2,350 sqft
    2022-01-01 0 days 2,355 sqft
    2022-02-01 0 days 2,334 sqft
    2022-03-01 0 days 2,221 sqft
    2022-04-01 0 days 2,196 sqft
    2022-05-01 0 days 2,350 sqft
    2022-06-01 0 days 2,345 sqft
    2022-07-01 0 days 2,347 sqft
    2022-08-01 0 days 2,416 sqft
    2022-09-01 0 days 2,363 sqft
    2022-10-01 0 days 2,369 sqft
    2022-11-01 0 days 2,387 sqft
    2022-12-01 0 days 2,346 sqft
    2023-01-01 0 days 2,367 sqft
    2023-02-01 0 days 2,416 sqft
    2023-03-01 0 days 2,487 sqft
    2023-04-01 0 days 2,408 sqft
    2023-05-01 0 days 2,454 sqft
    2023-06-01 0 days 2,410 sqft
    2023-07-01 0 days 2,456 sqft
    2023-08-01 0 days 2,520 sqft
    2023-09-01 0 days 2,503 sqft
    2023-10-01 0 days 2,462 sqft
    2023-11-01 0 days 2,499 sqft
    2023-12-01 0 days 2,424 sqft
    2024-01-01 0 days 2,332 sqft
    2024-02-01 0 days 2,449 sqft
    2024-03-01 0 days 2,482 sqft
    2024-04-01 0 days 2,412 sqft
    2024-05-01 0 days 2,510 sqft
    2024-06-01 0 days 2,570 sqft
    2024-07-01 0 days 2,647 sqft
    2024-08-01 0 days 2,640 sqft
    2024-09-01 0 days 2,690 sqft
    2024-10-01 0 days 2,580 sqft
    MANKATO's median listing age (time on market) for 2024-10-01 was 0 days.

    MANKATO's median square footage for active listings during the 2024-10-01 period was 2,580 sqft. One year prior, the average listing was 2,462 sqft.

    MANKATO, MN Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    55332 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    55334 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    55335 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56001 Mankato-North Mankato, MN MSA $880 $900 $1,120 $1,570 $1,910
    56002 Mankato-North Mankato, MN MSA $850 $860 $1,080 $1,510 $1,840
    56003 Mankato-North Mankato, MN MSA $750 $770 $960 $1,340 $1,640
    56010 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56021 Mankato-North Mankato, MN MSA $840 $860 $1,070 $1,500 $1,820
    56024 Mankato-North Mankato, MN MSA $1,180 $1,210 $1,510 $2,110 $2,570
    56025 Mankato-North Mankato, MN MSA $850 $860 $1,080 $1,510 $1,840
    56034 Mankato-North Mankato, MN MSA $750 $770 $960 $1,340 $1,640
    56037 Mankato-North Mankato, MN MSA $670 $700 $900 $1,250 $1,530
    56041 Mankato-North Mankato, MN MSA $850 $860 $1,080 $1,510 $1,840
    56048 Mankato-North Mankato, MN MSA $710 $720 $900 $1,260 $1,530
    56050 Mankato-North Mankato, MN MSA $640 $700 $900 $1,250 $1,530
    56054 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56055 Mankato-North Mankato, MN MSA $770 $780 $980 $1,370 $1,670
    56058 Mankato-North Mankato, MN MSA $640 $700 $900 $1,250 $1,530
    56060 Mankato-North Mankato, MN MSA $850 $860 $1,080 $1,510 $1,840
    56062 Mankato-North Mankato, MN MSA $670 $700 $900 $1,250 $1,530
    56063 Mankato-North Mankato, MN MSA $740 $760 $960 $1,340 $1,620
    56065 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56068 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56073 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56074 Mankato-North Mankato, MN MSA $700 $710 $900 $1,250 $1,530
    56078 Mankato-North Mankato, MN MSA $890 $910 $1,140 $1,600 $1,940
    56080 Mankato-North Mankato, MN MSA $670 $700 $900 $1,250 $1,530
    56082 Mankato-North Mankato, MN MSA $870 $890 $1,110 $1,550 $1,890
    56088 Mankato-North Mankato, MN MSA $650 $700 $900 $1,250 $1,530
    56090 Mankato-North Mankato, MN MSA $890 $910 $1,140 $1,600 $1,940

    2022 Average & Median Rent Data Statistics
    MANKATO, MN average 1BR rent: $781, median: $715
    MANKATO, MN average 2BR rent: $989, median: $900
    MANKATO, MN average 3BR rent: $1,379, median: $1,255

    MANKATO, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 997 $282,705,000 $283,556
    Refi 149 $73,215,000 $491,376
    Other 127 $9,255,000 $72,874
    Cash Out Refi 110 $18,530,000 $168,455
    Home Improvement 105 $7,905,000 $75,286

    Mankato's most frequently cited loan purpose was Home Purchase, with 997 originations. The 2nd most popular reason was Refi, with 149 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 481 $112,565,000 $234,023
    7-8% 284 $55,790,000 $196,444
    5-6% 177 $44,945,000 $253,927
    Over 8% 116 $13,030,000 $112,328
    <2.5% 12 $1,000,000 $83,333
    4-5% 7 $2,715,000 $387,857
    3-4% 3 $445,000 $148,333
    2.5-3% 1 $105,000 $105,000

    During 2023, Mankato's most frequently originated rate bucket was 6-7%, with 481 originations.

    Loan Sizing (MANKATO, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 566 $155,690,000 $275,071
    $100k-200k 414 $64,430,000 $155,628
    $100,000 or less 388 $20,150,000 $51,933
    $400k-600k 79 $37,965,000 $480,570
    $600k-1000k 25 $17,895,000 $715,800
    $Over $1MM 16 $95,480,000 $5,967,500

    MANKATO's loan sizing saw the bucket of loans from $200k-400k with 566 originations, totaling $155,690,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 532 $140,640,000 $264,361
    60-80% 209 $55,595,000 $266,005
    Under 20% 137 $5,705,000 $41,642
    20-40% 109 $10,895,000 $99,954
    40-60% 80 $59,640,000 $745,500
    Over 100% 11 $3,495,000 $317,727

    MANKATO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 532 originations, totaling $140,640,000 in origination value.