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 6.57% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 6.53% and one month ago for the week of 2024-01-25, the average rate was 6.62%.

Mankato's average rate one year ago was 6.66%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.18%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Mankato 30 Year Fixed Rate 2024-02-29 6.57%
Mankato 30 Year Fixed Rate Refi 2024-02-29 6.18%
Mankato 15 Year Fixed Rate 2024-02-29 6.16%
Mankato 15 Year Fixed Rate Refi 2024-02-29 6.46%
Mankato 30 Year FHA 2024-02-29 6.48%
Mankato 30 Year FHA Refi 2024-02-29 6.89%
Mankato 30 Year USDA 2024-02-29 6.93%
Mankato 30 Year USDA Refi 2024-02-29 6.63%
Mankato 30 Year VA 2024-02-29 5.87%
Mankato 30 Year VA Refi 2024-02-29 6.42%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 163 5.08% $5,353
CROSSCOUNTRY MORTGAGE, LLC 84 5.13% $5,732
Wells Fargo Bank 75 4.71% $3,831
U.S. Bank 41 4.46% $3,811
Frandsen Bank & Trust 36 5.09% $4,022
Bremer Bank 33 5.21% $6,170
QUICKEN LOANS, LLC 24 4.61% $6,677
IOWA BANKERS MORTGAGE CORPORATION 21 4.83% $4,348
Citizens Community Federal 17 4.95% $4,706
BROKER SOLUTIONS, INC. 15 5.23% $5,628
LOANDEPOT.COM, LLC 15 4.75% $4,918
Plains Commerce Bank 15 4.62% $6,119
PLAZA HOME MORTGAGE, INC. 14 5.03% $7,437
BankVista 14 5.00% $4,461
COMPEER FINANCIAL, FLCA 13 5.63% $4,101
HomeTown Bank 12 5.29% $4,199
The Huntington National Bank 12 3.79% $5,549
Merchants Bank 12 4.70% $4,989
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.25% $3,867
AFFINITY PLUS 11 4.86% $3,720
Bell Bank 8 4.62% $5,190
CRESCENT MORTGAGE COMPANY 8 4.56% $5,863
Prosperity Home Mortgage, LLC 8 5.25% $2,991
GUARANTEED RATE, INC. 7 5.11% $5,094
Cornerstone State Bank 7 5.19% $3,748
Cambria Financial Group, LLC 7 4.68% $5,320
PENNYMAC LOAN SERVICES, LLC 7 4.23% $4,804
Flagstar Bank, FSB 6 4.54% $5,702
Goldwater Bank, N.A. 5 5.33% $6,480
AXIA FINANCIAL, LLC 5 5.00% $5,646
NEWREZ LLC 5 3.93% $4,614
Tradition Mortgage, LLC 5 5.05% $3,330
Alliance Bank 5 5.03% $3,887
Home Federal Savings Bank 5 5.35% $4,002
WINGS FINANCIAL 4 4.66% $3,214
Minnwest Bank 3 4.96% $5,531
MAYO EMPLOYEES FEDERAL CREDIT UNION 3 4.17% $6,060
AMERISAVE MORTGAGE CORPORATION 3 3.96% $8,933
Citizens Bank Minnesota 3 4.50% $2,229
CARDINAL FINANCIAL 3 6.21% $6,726
MOVEMENT MORTGAGE, LLC 3 6.13% $4,448
Gate City Bank 3 4.13% $5,543
LAKEVIEW LOAN SERVICING, LLC 2 3.94% $2,667
Bank Midwest 2 4.44% $3,711
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.88% $6,485
Carrington Mortgage Services, LLC 2 5.56% $5,261
HOME POINT FINANCIAL CORPORATION 2 5.25% $5,488
Lend Smart Mortgage, LLC 2 4.38% $7,411
Servion, Inc. 2 6.50% $4,256
BETTER MORTGAGE CORPORATION 2 3.44% $5,806
American Mortgage & Equity Consultants, Inc. 2 6.19% $4,690
First Federal Bank 2 4.06% $4,763
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.31% $3,443
BAY EQUITY LLC 2 5.50% $5,832
ALTRA 2 4.25% $2,494
North American Savings Bank, F.S.B. 2 6.25% $2,949
JPMorgan Chase Bank 2 4.69% $535
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 2 4.69% $3,972
Mr. Cooper ( Nationstar Mortgage ) 2 4.19% $6,810
Wyndham Capital Mortgage, Inc. 1 5.50% $3,091
Alerus Financial 1 6.13% $3,056
American Bank Center 1 5.25% $3,846
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $9,630
Baxter Credit Union 1 3.00% $3,820
BMO Harris Bank 1 4.38% $7,318
BNC National Bank 1 5.63% $2,815
CALIBER HOME LOANS, INC. 1 5.38% $2,901
CHERRY CREEK MORTGAGE, LLC 1 4.88% $685
Chicago Mortgage Solutions LLC 1 4.18% $915
Colonial Savings, F.A. 1 4.88% $6,305
Deere Employees Credit Union 1 2.75% $3,220
Discover Bank 1 4.99% $0
EVERETT FINANCIAL, INC. 1 3.25% $2,216
First Dakota National Bank 1 5.88% $5,589
First Horizon Bank 1 5.00% $3,578
First United Bank and Trust Company 1 6.13% $16,633
First Western Trust Bank 1 5.00% $4,885
Florida Capital Bank 1 3.88% $5,550
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $9,494
HANCOCK MORTGAGE PARTNERS, LLC 1 5.88% $7,250
IDEAL 1 3.38% $7,608
KeyBank 1 4.25% $2,875
LADERA LENDING, INC. 1 3.88% $10,511
Lincoln Savings Bank 1 5.13% $3,427
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.50% $5,585
Merchants Bank of Indiana 1 2.63% $7,312
MILEND, INC. 1 4.38% $6,301
Morgan Stanley Private Bank 1 2.80% $3,595
Mortgage Research Center, LLC 1 5.25% $13,085
Mortgages Unlimited Inc. 1 4.13% $13,114
M&T Bank 1 3.63% $2,149
NBH Bank 1 5.13% $3,962
NBKC BANK 1 4.45% $2,789
OCMBC, INC. 1 0.00% $0
Old National Bank 1 3.50% $2,645
PREMIA MORTGAGE, LLC 1 5.99% $0
RESULTS MORTGAGE, LLC 1 5.25% $8,005
Royal Credit Union 1 5.88% $5,160
SIRVA MORTGAGE, INC. 1 5.88% $1,680
SPIRE Credit Union 1 3.38% $3,498
Stifel Bank and Trust 1 4.75% $2,355
SUCCESS MORTGAGE PARTNERS, INC. 1 3.75% $2,447
THRIVENT Federal Credit Union 1 2.63% $3,190
TOPLINE FEDERAL CREDIT UNION 1 5.25% $4,610
Truist 1 2.88% $5,325
UMB Bank 1 7.13% $4,353
University of Wisconsin Credit Union 1 3.38% $3,123
Academy Bank 1 4.50% $4,259

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. 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
MANKATO's median listing price for 2024-01-01 was $349,900, a difference of $-21,800 (-5.9%) versus the prior year and $20,900 versus the prior month.

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

MANKATO's average listing price for 2024-01-01 was $413,463, a difference of $28,583 (7.4%) versus the prior year and $29,484 versus the prior month.

For the 2024-01-01 period, MANKATO had 132 MLS listings, a difference of -22 listings (-14%) versus the prior month and 37 listings (39%) 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
MANKATO's median listing age (time on market) for 2024-01-01 was 0 days.

MANKATO's median square footage for active listings during the 2024-01-01 period was 2,332 sqft. One year prior, the average listing was 2,367 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 $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.