MANKATO Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mankato averaged 5.94% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.1% and one month ago for the week of 2024-08-29, the average rate was 6.57%.

Mankato's average rate one year ago was 7.33%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Mankato 30 Year Fixed Rate 2024-10-03 5.94%
Mankato 30 Year Fixed Rate Refi 2024-10-03 6.02%
Mankato 15 Year Fixed Rate 2024-10-03 5.25%
Mankato 15 Year Fixed Rate Refi 2024-10-03 5.25%
Mankato 30 Year FHA 2024-10-03 5.59%
Mankato 30 Year FHA Refi 2024-10-03 5.79%
Mankato 30 Year USDA 2024-10-03 5.77%
Mankato 30 Year USDA Refi 2024-10-03 5.97%
Mankato 30 Year VA 2024-10-03 5.4%
Mankato 30 Year VA Refi 2024-10-03 5.8%
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
MANKATO's median listing price for 2024-09-01 was $366,850, a difference of $16,950 (4.8%) versus the prior year and $-10,350 versus the prior month.

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

MANKATO's average listing price for 2024-09-01 was $414,287, a difference of $4,793 (1.2%) versus the prior year and $-3,822 versus the prior month.

For the 2024-09-01 period, MANKATO had 194 MLS listings, a difference of 9 listings (5%) versus the prior month and 29 listings (18%) 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
MANKATO's median listing age (time on market) for 2024-09-01 was 0 days.

MANKATO's median square footage for active listings during the 2024-09-01 period was 2,690 sqft. One year prior, the average listing was 2,503 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.