MANKATO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mankato averaged
6.4%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.92% and
one month ago for the week of 2023-04-20, the
average rate was 6.32%.
Mankato's average rate one year ago was 5.08%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.81%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Mankato 30 Year Fixed Rate | 2023-05-25 | 6.4% |
Mankato 30 Year Fixed Rate Refi | 2023-05-25 | 5.81% |
Mankato 15 Year Fixed Rate | 2023-05-25 | 5.87% |
Mankato 15 Year Fixed Rate Refi | 2023-05-25 | 5.97% |
Mankato 30 Year FHA | 2023-05-25 | 6.01% |
Mankato 30 Year FHA Refi | 2023-05-25 | 6.41% |
Mankato 30 Year USDA | 2023-05-25 | 6.53% |
Mankato 30 Year USDA Refi | 2023-05-25 | 6.63% |
Mankato 30 Year VA | 2023-05-25 | 6.06% |
Mankato 30 Year VA Refi | 2023-05-25 | 6.51% |
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.).
MANKATO Average Closing Costs & Other Stats
MANKATO, MN's 108 lenders originated 2,019
loans during 2022. The total origination value was $545,645,000, with an average loan value of
$270,255.
MANKATO's average closing costs are $4,318.
The top MANKATO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
163 loans originated. Their average total fees are
$5,353, which is $379
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee MANKATO lenders (with over 10 loans originated) are
AFFINITY PLUS ($3,720), U.S. Bank ($3,811), Wells Fargo Bank ($3,831), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,867) and Frandsen Bank & Trust ($4,022).
The lowest rate MANKATO lenders (with over 10 loans originated) are
The Huntington National Bank (3.79%), U.S. Bank (4.46%), QUICKEN LOANS, LLC (4.61%), Plains Commerce Bank (4.62%) and Merchants Bank (4.70%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Community Bank Mankato | $63,110,000 | $69,775,000 | 10.6% | 12.8% |
UNITED WHOLESALE MORTGAGE, LLC | $113,260,000 | $66,440,000 | -41.3% | 12.2% |
CENTRAL MINNESOTA Credit Union | $810,000 | $41,615,000 | 5,037.7% | 7.6% |
CROSSCOUNTRY MORTGAGE, LLC | $44,505,000 | $33,020,000 | -25.8% | 6.1% |
Bremer Bank | $34,570,000 | $25,715,000 | -25.6% | 4.7% |
Minnesota Valley Federal Credit Union | $50,510,000 | $24,320,000 | -51.9% | 4.5% |
Wells Fargo Bank | $82,845,000 | $22,465,000 | -72.9% | 4.1% |
U.S. Bank | $37,980,000 | $20,915,000 | -44.9% | 3.8% |
Frandsen Bank & Trust | $19,575,000 | $15,520,000 | -20.7% | 2.8% |
Merchants Bank | $7,800,000 | $15,040,000 | 92.8% | 2.8% |
QUICKEN LOANS, LLC | $35,110,000 | $14,060,000 | -60.0% | 2.6% |
MinnStar Bank N.A. | $8,470,000 | n/a | 1.6% | |
COMPEER FINANCIAL, FLCA | $13,640,000 | $8,240,000 | -39.6% | 1.5% |
Plains Commerce Bank | $20,130,000 | $7,080,000 | -64.8% | 1.3% |
IOWA BANKERS MORTGAGE CORPORATION | $11,385,000 | $7,060,000 | -38.0% | 1.3% |
The Huntington National Bank | $1,115,000 | $6,620,000 | 493.7% | 1.2% |
Citizens Community Federal | $20,665,000 | $6,100,000 | -70.5% | 1.1% |
PLAZA HOME MORTGAGE, INC. | $13,085,000 | $6,065,000 | -53.6% | 1.1% |
SOUTHPOINT FINANCIAL | $22,480,000 | $5,945,000 | -73.6% | 1.1% |
AFFINITY PLUS | $18,095,000 | $5,775,000 | -68.1% | 1.1% |
Mortgage Research Center, LLC | $6,530,000 | $5,430,000 | -16.8% | 1.0% |
BROKER SOLUTIONS, INC. | $4,695,000 | $4,585,000 | -2.3% | 0.8% |
LOANDEPOT.COM, LLC | $5,690,000 | $4,560,000 | -19.9% | 0.8% |
BankVista | $11,310,000 | $4,390,000 | -61.2% | 0.8% |
Old National Bank | $3,185,000 | $3,945,000 | 23.9% | 0.7% |
Great Southern Bank | $265,000 | $3,825,000 | 1,343.4% | 0.7% |
HomeTown Bank | $9,280,000 | $3,490,000 | -62.4% | 0.6% |
Cornerstone State Bank | $2,745,000 | $3,390,000 | 23.5% | 0.6% |
Citizens Bank Minnesota | $8,815,000 | $3,355,000 | -61.9% | 0.6% |
Prosperity Home Mortgage, LLC | $5,360,000 | $3,125,000 | -41.7% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,945,000 | $3,060,000 | -61.5% | 0.6% |
CRESCENT MORTGAGE COMPANY | $7,225,000 | $2,965,000 | -59.0% | 0.5% |
Flagstar Bank, FSB | $4,085,000 | $2,965,000 | -27.4% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $5,325,000 | $2,735,000 | -48.6% | 0.5% |
Cambria Financial Group, LLC | $2,975,000 | $2,575,000 | -13.4% | 0.5% |
GUARANTEED RATE, INC. | $3,270,000 | $2,565,000 | -21.6% | 0.5% |
Bell Bank | $5,655,000 | $2,550,000 | -54.9% | 0.5% |
Security Savings Bank | $2,255,000 | n/a | 0.4% | |
Carrington Mortgage Services, LLC | $3,110,000 | $2,165,000 | -30.4% | 0.4% |
West Bank | $2,005,000 | n/a | 0.4% | |
Bridgewater Bank | $4,745,000 | $1,915,000 | -59.6% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $2,345,000 | $1,905,000 | -18.8% | 0.3% |
NAVY FEDERAL CREDIT UNION | $530,000 | $1,895,000 | 257.5% | 0.3% |
NEWREZ LLC | $3,830,000 | $1,870,000 | -51.2% | 0.3% |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $165,000 | $1,765,000 | 969.7% | 0.3% |
Home Federal Savings Bank | $2,435,000 | $1,725,000 | -29.2% | 0.3% |
Alliance Bank | $5,740,000 | $1,675,000 | -70.8% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $2,850,000 | $1,600,000 | -43.9% | 0.3% |
MOVEMENT MORTGAGE, LLC | $1,225,000 | $1,440,000 | 17.6% | 0.3% |
The First National Bank of Le Center | $570,000 | $1,420,000 | 149.1% | 0.3% |
WINGS FINANCIAL | $905,000 | $1,385,000 | 53.0% | 0.3% |
Goldwater Bank, N.A. | $755,000 | $1,345,000 | 78.1% | 0.2% |
Tradition Mortgage, LLC | $1,465,000 | $1,285,000 | -12.3% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $14,230,000 | $1,215,000 | -91.5% | 0.2% |
BAY EQUITY LLC | $2,055,000 | $1,200,000 | -41.6% | 0.2% |
Think Mutual Bank | $490,000 | $1,185,000 | 141.8% | 0.2% |
AXIA FINANCIAL, LLC | $2,015,000 | $1,140,000 | -43.4% | 0.2% |
Gate City Bank | $1,130,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $2,750,000 | $1,060,000 | -61.5% | 0.2% |
Lend Smart Mortgage, LLC | $1,605,000 | $1,035,000 | -35.5% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $1,510,000 | $1,005,000 | -33.4% | 0.2% |
BMO Harris Bank | $430,000 | $995,000 | 131.4% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,245,000 | $990,000 | -55.9% | 0.2% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $155,000 | $915,000 | 490.3% | 0.2% |
Academy Bank | $885,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $1,230,000 | $860,000 | -30.1% | 0.2% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $970,000 | $850,000 | -12.4% | 0.2% |
Minnwest Bank | $485,000 | $825,000 | 70.1% | 0.2% |
CHERRY CREEK MORTGAGE, LLC | $810,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $785,000 | $805,000 | 2.5% | 0.1% |
Chicago Mortgage Solutions LLC | $560,000 | $785,000 | 40.2% | 0.1% |
ALTRA | $855,000 | $740,000 | -13.5% | 0.1% |
USAA Federal Savings Bank | $1,290,000 | $720,000 | -44.2% | 0.1% |
Bank Midwest | $4,490,000 | $675,000 | -85.0% | 0.1% |
THRIVENT Federal Credit Union | $250,000 | $645,000 | 158.0% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $540,000 | $640,000 | 18.5% | 0.1% |
RESULTS MORTGAGE, LLC | $230,000 | $640,000 | 178.3% | 0.1% |
First Federal Bank | $2,430,000 | $630,000 | -74.1% | 0.1% |
TOPLINE FEDERAL CREDIT UNION | $615,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $2,760,000 | $610,000 | -77.9% | 0.1% |
SPIRE Credit Union | $575,000 | n/a | 0.1% | |
Royal Credit Union | $1,005,000 | $560,000 | -44.3% | 0.1% |
Servion, Inc. | $615,000 | $560,000 | -8.9% | 0.1% |
AMERICAN ADVISORS GROUP | $555,000 | n/a | 0.1% | |
American Mortgage & Equity Consultants, Inc. | $2,070,000 | $530,000 | -74.4% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $105,000 | $530,000 | 404.8% | 0.1% |
Mortgages Unlimited Inc. | $505,000 | $530,000 | 5.0% | 0.1% |
Charter Bank | $525,000 | n/a | 0.1% | |
KeyBank | $505,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $490,000 | 197.0% | 0.1% |
Morgan Stanley Private Bank | $485,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $510,000 | $480,000 | -5.9% | 0.1% |
Barrington Bank & Trust Company, N.A. | $635,000 | $460,000 | -27.6% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $975,000 | $450,000 | -53.8% | 0.1% |
First United Bank and Trust Company | $445,000 | n/a | 0.1% | |
Kirkwood Bank & Trust Co. | $445,000 | n/a | 0.1% | |
Merchants Bank of Indiana | $425,000 | n/a | 0.1% | |
CONTOUR MORTGAGE CORPORATION | $420,000 | n/a | 0.1% | |
Baxter Credit Union | $245,000 | $415,000 | 69.4% | 0.1% |
Hometown Lenders, Inc. | $270,000 | $405,000 | 50.0% | 0.1% |
Chartwell Financial, LLC | $765,000 | $390,000 | -49.0% | 0.1% |
Deere Employees Credit Union | $325,000 | $385,000 | 18.5% | 0.1% |
Alerus Financial | $1,105,000 | $360,000 | -67.4% | 0.1% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $645,000 | $355,000 | -45.0% | 0.1% |
First Horizon Bank | $355,000 | n/a | 0.1% | |
Central Bank | $145,000 | $325,000 | 124.1% | 0.1% |
First Western Trust Bank | $325,000 | n/a | 0.1% | |
HANCOCK MORTGAGE PARTNERS, LLC | $225,000 | $315,000 | 40.0% | 0.1% |
UMB Bank | $295,000 | n/a | 0.1% | |
First Dakota National Bank | $285,000 | n/a | 0.1% | |
MILEND, INC. | $270,000 | $285,000 | 5.6% | 0.1% |
Signature Federal Credit Union | $285,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $315,000 | $275,000 | -12.7% | 0.1% |
Colonial Savings, F.A. | $265,000 | n/a | 0.0% | |
LADERA LENDING, INC. | $265,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $255,000 | n/a | 0.0% | |
NBKC BANK | $585,000 | $255,000 | -56.4% | 0.0% |
Paramount Residential Mortgage Group, Inc. | $255,000 | n/a | 0.0% | |
PREMIA MORTGAGE, LLC | $255,000 | n/a | 0.0% | |
First Bank & Trust | $4,995,000 | $245,000 | -95.1% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $245,000 | n/a | 0.0% | |
IDEAL | $165,000 | $240,000 | 45.5% | 0.0% |
EVERETT FINANCIAL, INC. | $905,000 | $235,000 | -74.0% | 0.0% |
Truist | $555,000 | $235,000 | -57.7% | 0.0% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $225,000 | n/a | 0.0% | |
Florida Capital Bank | $225,000 | n/a | 0.0% | |
Northpointe Bank | $225,000 | n/a | 0.0% | |
PLUS RELOCATION MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
SUN WEST MORTGAGE COMPANY, INC. | $1,285,000 | $225,000 | -82.5% | 0.0% |
Discover Bank | $125,000 | $215,000 | 72.0% | 0.0% |
Lincoln Savings Bank | $215,000 | n/a | 0.0% | |
MASON MCDUFFIE MORTGAGE CORPORATION | $215,000 | n/a | 0.0% | |
Stifel Bank and Trust | $2,390,000 | $215,000 | -91.0% | 0.0% |
Bank of England | $255,000 | $205,000 | -19.6% | 0.0% |
BNC National Bank | $245,000 | $205,000 | -16.3% | 0.0% |
GUILD MORTGAGE COMPANY | $145,000 | $205,000 | 41.4% | 0.0% |
HIWAY | $1,765,000 | $205,000 | -88.4% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $195,000 | n/a | 0.0% | |
ZILLOW HOME LOANS, LLC | $135,000 | $195,000 | 44.4% | 0.0% |
American Bank Center | $185,000 | n/a | 0.0% | |
BELEM SERVICING LLC | $185,000 | n/a | 0.0% | |
GSF Mortgage Corporation | $185,000 | n/a | 0.0% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $175,000 | $180,000 | 2.9% | 0.0% |
WRIGHT-PATT CREDIT UNION, INC. | $175,000 | n/a | 0.0% | |
SIRVA MORTGAGE, INC. | $185,000 | $165,000 | -10.8% | 0.0% |
Heritage Bank | $155,000 | $160,000 | 3.2% | 0.0% |
OCMBC, INC. | $160,000 | n/a | 0.0% | |
Summit Mortgage Corporation | $380,000 | $160,000 | -57.9% | 0.0% |
Heartland Credit Union | $95,000 | $155,000 | 63.2% | 0.0% |
NBH Bank | $155,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $45,000 | $155,000 | 244.4% | 0.0% |
University of Wisconsin Credit Union | $155,000 | n/a | 0.0% | |
CALIBER HOME LOANS, INC. | $3,250,000 | $145,000 | -95.5% | 0.0% |
SUCCESS MORTGAGE PARTNERS, INC. | $145,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $155,000 | $140,000 | -9.7% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $870,000 | $135,000 | -84.5% | 0.0% |
FINANCE OF AMERICA MORTGAGE LLC | $125,000 | n/a | 0.0% | |
NEW DAY FINANCIAL, LLC | $1,540,000 | $125,000 | -91.9% | 0.0% |
St. Paul Federal Credit Union | $125,000 | n/a | 0.0% | |
AMERICAN FINANCING CORPORATION | $1,015,000 | $115,000 | -88.7% | 0.0% |
MUTUAL OF OMAHA MORTGAGE, INC. | $375,000 | $115,000 | -69.3% | 0.0% |
Bank of America | $1,660,000 | $110,000 | -93.4% | 0.0% |
Figure Lending LLC | $80,000 | $110,000 | 37.5% | 0.0% |
Manufacturers Bank & Trust Company | $660,000 | $105,000 | -84.1% | 0.0% |
Midwest Heritage Bank FSB | $435,000 | $105,000 | -75.9% | 0.0% |
BANKWEST, INC. | $60,000 | $95,000 | 58.3% | 0.0% |
CorTrust Bank | $95,000 | n/a | 0.0% | |
M&T Bank | $260,000 | $85,000 | -67.3% | 0.0% |
MARINE | $70,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $70,000 | $35,000 | -50.0% | 0.0% |
VOYAGE FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% |
MANKATO's top lender by overall market share is Community Bank Mankato, with 12.8% market share. In second place, with 12.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $66,440,000 in loans. In third place, with 7.6%, is CENTRAL MINNESOTA Credit Union, having originated $41,615,000 in loans. In fourth place, with 6.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $33,020,000 in loans. In fifth place, with 4.7%, is Bremer Bank, having originated $25,715,000 in loans.
MANKATO Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MANKATO (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 (4.9%) | $278,034 (-0.3%) | 0.00 | 359 |
2018-11-01 | $243,075 (6.4%) | $277,367 (-0.2%) | 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 | $258,850 (8.0%) | $296,521 (-0.5%) | 0.00 | 261 |
2019-04-01 | $259,250 (7.8%) | $298,270 (0.2%) | 0.00 | 279 |
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 | $262,400 (6.1%) | $301,335 (3.9%) | 0.00 | 344 |
2019-09-01 | $267,750 (13.7%) | $299,381 (6.4%) | 0.00 | 324 |
2019-10-01 | $259,900 (8.0%) | $291,138 (4.7%) | 0.00 | 357 |
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 (7.2%) | $311,970 (5.2%) | 0.00 | 261 |
2020-04-01 | $278,950 (7.6%) | $313,710 (5.2%) | 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 (10.9%) | $336,825 (11.8%) | 0.00 | 204 |
2020-09-01 | $282,225 (5.4%) | $335,209 (12.0%) | 0.00 | 195 |
2020-10-01 | $267,900 (3.1%) | $316,434 (8.7%) | 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 |
MANKATO's median listing price comes in at 0% of the national average.
MANKATO's average listing price for 2023-04-01 was $403,194, a difference of $68,359 (20.4%) versus the prior year and $-9,489 versus the prior month.
For the 2023-04-01 period, MANKATO had 101 MLS listings, a difference of 16 listings (19%) versus the prior month and 14 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MANKATO (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,147 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 | 2,156 sqft |
2019-04-01 | 0 days | 2,164 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 | 2,204 sqft |
2019-09-01 | 0 days | 2,163 sqft |
2019-10-01 | 0 days | 2,156 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 | 2,559 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 |
MANKATO's median square footage for active listings during the 2023-04-01 period was 2,408 sqft. One year prior, the average listing was 2,196 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.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
55332 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
55334 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
55335 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56001 | Mankato-North Mankato, MN | $740 | $810 | $1,030 | $1,430 | $1,760 |
56003 | Mankato-North Mankato, MN | $670 | $730 | $930 | $1,290 | $1,590 |
56010 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56021 | Mankato-North Mankato, MN | $690 | $760 | $970 | $1,350 | $1,660 |
56024 | Mankato-North Mankato, MN | $1,000 | $1,090 | $1,400 | $1,950 | $2,400 |
56025 | Mankato-North Mankato, MN | $720 | $790 | $1,010 | $1,400 | $1,730 |
56034 | Mankato-North Mankato, MN | $710 | $810 | $1,030 | $1,440 | $1,790 |
56037 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56041 | Mankato-North Mankato, MN | $720 | $790 | $1,010 | $1,400 | $1,730 |
56048 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56050 | Mankato-North Mankato, MN | $630 | $660 | $870 | $1,220 | $1,500 |
56054 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56055 | Mankato-North Mankato, MN | $660 | $720 | $920 | $1,280 | $1,570 |
56058 | Mankato-North Mankato, MN | $630 | $660 | $870 | $1,220 | $1,500 |
56060 | Mankato-North Mankato, MN | $720 | $790 | $1,010 | $1,400 | $1,730 |
56062 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56063 | Mankato-North Mankato, MN | $660 | $720 | $930 | $1,290 | $1,550 |
56065 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56068 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56073 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56074 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56078 | Mankato-North Mankato, MN | $770 | $840 | $1,080 | $1,500 | $1,850 |
56080 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56082 | Mankato-North Mankato, MN | $760 | $840 | $1,070 | $1,490 | $1,820 |
56088 | Mankato-North Mankato, MN | $590 | $660 | $870 | $1,220 | $1,500 |
56090 | Mankato-North Mankato, MN | $770 | $840 | $1,070 | $1,490 | $1,830 |
2022 Average & Median Rent Data Statistics
MANKATO, MN average 1BR rent: $727, median: $660
MANKATO, MN average 2BR rent: $944, median: $870
MANKATO, MN average 3BR rent: $1,318, median: $1,220
MANKATO, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,229 | $390,925,000 | $318,084 |
Cash Out Refi | 329 | $62,865,000 | $191,079 |
Refi | 303 | $76,545,000 | $252,624 |
Home Improvement | 86 | $7,680,000 | $89,302 |
Other | 72 | $7,630,000 | $105,972 |
Mankato's most frequently cited loan purpose was Home Purchase, with 1,229 originations. The 2nd most popular reason was Cash Out Refi, with 329 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 437 | $97,585,000 | $223,307 |
4-5% | 425 | $152,665,000 | $359,212 |
3-4% | 384 | $100,090,000 | $260,651 |
6-7% | 186 | $37,770,000 | $203,065 |
2.5-3% | 89 | $19,575,000 | $219,944 |
<2.5% | 69 | $10,975,000 | $159,058 |
7-8% | 38 | $5,790,000 | $152,368 |
Over 8% | 23 | $1,465,000 | $63,696 |
During 2022, Mankato's most frequently originated rate bucket was 5-6%, with 437 originations.
Loan Sizing (MANKATO, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 776 | $209,940,000 | $270,541 |
$100k-200k | 701 | $107,725,000 | $153,673 |
$100,000 or less | 361 | $19,015,000 | $52,673 |
$400k-600k | 129 | $59,805,000 | $463,605 |
$600k-1000k | 30 | $22,690,000 | $756,333 |
$Over $1MM | 22 | $126,470,000 | $5,748,636 |
MANKATO's loan sizing saw the bucket of loans from $200k-400k with 776 originations, totaling $209,940,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 789 | $212,925,000 | $269,867 |
60-80% | 443 | $116,525,000 | $263,036 |
Under 20% | 147 | $6,925,000 | $47,109 |
40-60% | 142 | $67,900,000 | $478,169 |
20-40% | 109 | $14,745,000 | $135,275 |
Over 100% | 22 | $6,630,000 | $301,364 |
MANKATO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 789 originations, totaling $212,925,000 in origination value.