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
6.95%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.76% and
one month ago for the week of 2025-02-27, the
average rate was 6.67%.
Mankato's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.54%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Mankato 30 Year Fixed Rate | 2025-04-03 | 6.95% |
| Mankato 30 Year Fixed Rate Refi | 2025-04-03 | 6.54% |
| Mankato 15 Year Fixed Rate | 2025-04-03 | 5.72% |
| Mankato 15 Year Fixed Rate Refi | 2025-04-03 | 6.32% |
| Mankato 30 Year FHA | 2025-04-03 | 6.45% |
| Mankato 30 Year FHA Refi | 2025-04-03 | 6.26% |
| Mankato 30 Year USDA | 2025-04-03 | 6.52% |
| Mankato 30 Year USDA Refi | 2025-04-03 | 6.42% |
| Mankato 30 Year VA | 2025-04-03 | 6.07% |
| Mankato 30 Year VA Refi | 2025-04-03 | 5.86% |
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.).
MANKATO Average Closing Costs & Other Stats
MANKATO, MN's 85 lenders originated 1,575
loans during 2024. The total origination value was $437,735,000, with an average loan value of
$277,927.
MANKATO's average closing costs are $4,722.
The top MANKATO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
151 loans originated. Their average total fees are
$6,874, which is $1,069
higher than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee MANKATO lenders (with over 10 loans originated) are
U.S. Bank ($3,432), COMPEER FINANCIAL, FLCA ($3,926), IOWA BANKERS MORTGAGE CORPORATION ($4,422), Wells Fargo Bank ($4,644) and Frandsen Bank & Trust ($5,086).
The lowest rate MANKATO lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION (6.36%), PLAZA HOME MORTGAGE, INC. (6.44%), Bremer Bank (6.54%), QUICKEN LOANS, LLC (6.55%) and U.S. Bank (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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Community Bank Mankato | $27,215,000 | $67,615,000 | 148.4% | 15.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $59,560,000 | $65,540,000 | 10.0% | 15.0% |
| Pioneer Bank | $17,375,000 | $26,180,000 | 50.7% | 6.0% |
| U.S. Bank | $9,635,000 | $22,740,000 | 136.0% | 5.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $16,500,000 | $19,125,000 | 15.9% | 4.4% |
| QUICKEN LOANS, LLC | $11,930,000 | $19,115,000 | 60.2% | 4.4% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $15,385,000 | n/a | 3.5% | |
| Minnesota Valley Federal Credit Union | $15,980,000 | $13,235,000 | -17.2% | 3.0% |
| Bremer Bank | $13,795,000 | $10,235,000 | -25.8% | 2.3% |
| LOANDEPOT.COM, LLC | $4,595,000 | $8,995,000 | 95.8% | 2.1% |
| Frandsen Bank & Trust | $10,305,000 | $8,505,000 | -17.5% | 1.9% |
| COMPEER FINANCIAL, FLCA | $4,185,000 | $7,800,000 | 86.4% | 1.8% |
| SOUTHPOINT FINANCIAL | $6,295,000 | $7,450,000 | 18.3% | 1.7% |
| Wells Fargo Bank | $11,805,000 | $6,015,000 | -49.0% | 1.4% |
| MinnStar Bank N.A. | $8,260,000 | $5,950,000 | -28.0% | 1.4% |
| Plains Commerce Bank | $4,010,000 | $5,940,000 | 48.1% | 1.4% |
| BankVista | $4,295,000 | $5,625,000 | 31.0% | 1.3% |
| Mortgage Research Center, LLC | $3,760,000 | $4,850,000 | 29.0% | 1.1% |
| PLAZA HOME MORTGAGE, INC. | $2,585,000 | $4,390,000 | 69.8% | 1.0% |
| Old National Bank | $1,810,000 | $4,380,000 | 142.0% | 1.0% |
| IOWA BANKERS MORTGAGE CORPORATION | $3,170,000 | $4,275,000 | 34.9% | 1.0% |
| AFFINITY PLUS | $6,305,000 | $4,060,000 | -35.6% | 0.9% |
| First National Bank Minnesota | $4,400,000 | $4,005,000 | -9.0% | 0.9% |
| Cambria Financial Group, LLC | $3,895,000 | $3,835,000 | -1.5% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $1,460,000 | $3,710,000 | 154.1% | 0.8% |
| Bell Bank | $2,330,000 | $3,150,000 | 35.2% | 0.7% |
| Citizens Community Federal | $5,640,000 | $3,150,000 | -44.1% | 0.7% |
| HomeTown Bank | $2,720,000 | $2,995,000 | 10.1% | 0.7% |
| Prosperity Home Mortgage, LLC | $2,450,000 | $2,720,000 | 11.0% | 0.6% |
| The Huntington National Bank | $2,300,000 | $2,635,000 | 14.6% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $805,000 | $2,375,000 | 195.0% | 0.5% |
| JPMorgan Chase Bank | $975,000 | $2,160,000 | 121.5% | 0.5% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $145,000 | $2,110,000 | 1,355.2% | 0.5% |
| Alliance Bank | $1,240,000 | $2,100,000 | 69.4% | 0.5% |
| First Federal Bank | $765,000 | $2,045,000 | 167.3% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,155,000 | $1,995,000 | -7.4% | 0.5% |
| Cornerstone State Bank | $1,630,000 | $1,915,000 | 17.5% | 0.4% |
| USAA Federal Savings Bank | $1,045,000 | $1,825,000 | 74.6% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,395,000 | $1,790,000 | -25.3% | 0.4% |
| Minnwest Bank | $215,000 | $1,785,000 | 730.2% | 0.4% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $235,000 | $1,755,000 | 646.8% | 0.4% |
| EVERETT FINANCIAL, INC. | $360,000 | $1,335,000 | 270.8% | 0.3% |
| BAY EQUITY LLC | $265,000 | $1,300,000 | 390.6% | 0.3% |
| Citizens Bank Minnesota | $1,705,000 | $1,150,000 | -32.6% | 0.3% |
| Carrington Mortgage Services, LLC | $1,165,000 | $1,130,000 | -3.0% | 0.3% |
| GUARANTEED RATE, INC. | $1,915,000 | $1,015,000 | -47.0% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,235,000 | $1,015,000 | -17.8% | 0.2% |
| Merchants Bank | $445,000 | $1,005,000 | 125.8% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $980,000 | n/a | 0.2% | |
| Bank Midwest | $16,425,000 | $895,000 | -94.6% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $895,000 | n/a | 0.2% | |
| NEWREZ LLC | $705,000 | $895,000 | 27.0% | 0.2% |
| Figure Lending LLC | $160,000 | $880,000 | 450.0% | 0.2% |
| Stifel Bank and Trust | $880,000 | $785,000 | -10.8% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $195,000 | $765,000 | 292.3% | 0.2% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $1,240,000 | $765,000 | -38.3% | 0.2% |
| Community Resource Bank | $755,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $555,000 | $755,000 | 36.0% | 0.2% |
| Granite Community Bank | $750,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $975,000 | $740,000 | -24.1% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $245,000 | $735,000 | 200.0% | 0.2% |
| Royal Credit Union | $290,000 | $730,000 | 151.7% | 0.2% |
| Discover Bank | $495,000 | $720,000 | 45.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $690,000 | n/a | 0.2% | |
| VERIDIAN CREDIT UNION | $95,000 | $665,000 | 600.0% | 0.2% |
| Bank of America | $850,000 | $605,000 | -28.8% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,445,000 | $600,000 | -58.5% | 0.1% |
| Park State Bank | $565,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $325,000 | $560,000 | 72.3% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $550,000 | n/a | 0.1% | |
| BANKWEST, INC. | $295,000 | $545,000 | 84.7% | 0.1% |
| Baxter Credit Union | $540,000 | n/a | 0.1% | |
| PNC Bank | $305,000 | $540,000 | 77.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $535,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $525,000 | n/a | 0.1% | |
| Alerus Financial | $875,000 | $510,000 | -41.7% | 0.1% |
| The First National Bank of Le Center | $280,000 | $510,000 | 82.1% | 0.1% |
| SPIRE Credit Union | $440,000 | $495,000 | 12.5% | 0.1% |
| Gate City Bank | $485,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $485,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $315,000 | $475,000 | 50.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $470,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $525,000 | $460,000 | -12.4% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $455,000 | n/a | 0.1% | |
| Ixonia Bank | $335,000 | $445,000 | 32.8% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $435,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $420,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $420,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $255,000 | $405,000 | 58.8% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $390,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $370,000 | n/a | 0.1% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $355,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $355,000 | n/a | 0.1% | |
| MEGASTAR FINANCIAL CORP. | $335,000 | n/a | 0.1% | |
| University of Wisconsin Credit Union | $330,000 | n/a | 0.1% | |
| Summit Mortgage Corporation | $165,000 | $325,000 | 97.0% | 0.1% |
| Coastal Community Bank | $75,000 | $320,000 | 326.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $320,000 | n/a | 0.1% | |
| First International Bank & Trust | $315,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $315,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $310,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $1,355,000 | $305,000 | -77.5% | 0.1% |
| General Mortgage Capital Corporation | $305,000 | n/a | 0.1% | |
| Heritage Bank | $305,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $295,000 | n/a | 0.1% | |
| WINGS FINANCIAL | $400,000 | $290,000 | -27.5% | 0.1% |
| Ally Bank | $285,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $255,000 | $285,000 | 11.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $275,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $275,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
| Cornerstone First Mortgage, Inc | $265,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $65,000 | $265,000 | 307.7% | 0.1% |
| Equity Prime Mortgage LLC | $155,000 | $265,000 | 71.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $265,000 | n/a | 0.1% | |
| Texana Bank | $265,000 | n/a | 0.1% | |
| Midwest Heritage Bank FSB | $255,000 | n/a | 0.1% | |
| The Bank of New Glarus | $255,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | $255,000 | 292.3% | 0.1% |
| American Bank of Oklahoma | $245,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $245,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $245,000 | n/a | 0.1% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $245,000 | n/a | 0.1% | |
| Servion, Inc. | $185,000 | $245,000 | 32.4% | 0.1% |
| AXIA FINANCIAL, LLC | $235,000 | n/a | 0.1% | |
| CENTRAL MINNESOTA Credit Union | $230,000 | $235,000 | 2.2% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $235,000 | n/a | 0.1% | |
| Peoples Bank | $225,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $80,000 | $220,000 | 175.0% | 0.1% |
| ALLIANT CREDIT UNION | $205,000 | n/a | 0.0% | |
| Chartwell Financial, LLC | $55,000 | $205,000 | 272.7% | 0.0% |
| CORTRUST MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| Liberty Bank Minnesota | $195,000 | $205,000 | 5.1% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $205,000 | 173.3% | 0.0% |
| Nicolet National Bank | $205,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $205,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $195,000 | n/a | 0.0% | |
| First National Bank | $185,000 | n/a | 0.0% | |
| Highland Bank | $145,000 | $185,000 | 27.6% | 0.0% |
| Peoples State Bank of Plainview | $185,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $185,000 | n/a | 0.0% | |
| Sterling State Bank | $175,000 | n/a | 0.0% | |
| NexBank | $165,000 | n/a | 0.0% | |
| First State Bank of Le Center | $70,000 | $160,000 | 128.6% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $160,000 | n/a | 0.0% | |
| Associated Healthcare Credit Union | $155,000 | n/a | 0.0% | |
| IDEAL | $155,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $190,000 | $140,000 | -26.3% | 0.0% |
| Lake Elmo Bank | $135,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $130,000 | n/a | 0.0% | |
| First Western Trust Bank | $105,000 | n/a | 0.0% | |
| Security Bank & Trust Company | $105,000 | n/a | 0.0% | |
| Connexus Credit Union | $35,000 | $100,000 | 185.7% | 0.0% |
| CorTrust Bank | $95,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $95,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $95,000 | n/a | 0.0% | |
| BUILDING TRADES FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| Deerwood Bank | $230,000 | $75,000 | -67.4% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $75,000 | n/a | 0.0% | |
| ALTRA | $60,000 | n/a | 0.0% | |
| Great Southern Bank | $145,000 | $45,000 | -69.0% | 0.0% |
| First Bank & Trust | $25,000 | n/a | 0.0% | |
| TOPLINE FEDERAL CREDIT UNION | $400,000 | $25,000 | -93.8% | 0.0% |
MANKATO's top lender by overall market share is Community Bank Mankato, with 15.4% market share. In second place, with 15.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $65,540,000 in loans. In third place, with 6.0%, is Pioneer Bank, having originated $26,180,000 in loans. In fourth place, with 5.2%, is U.S. Bank, having originated $22,740,000 in loans. In fifth place, with 4.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $19,125,000 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 | $387,000 (7.5%) | $438,727 (7.3%) | 0.00 | 130 |
| 2024-06-01 | $383,650 (3.9%) | $438,056 (5.9%) | 0.00 | 160 |
| 2024-07-01 | $379,950 (2.7%) | $416,734 (-0.2%) | 0.00 | 168 |
| 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 |
| 2024-11-01 | $349,900 (3.8%) | $393,406 (0.6%) | 0.00 | 191 |
| 2024-12-01 | $351,150 (6.7%) | $400,652 (4.3%) | 0.00 | 182 |
| 2025-01-01 | $332,450 (-5.0%) | $391,400 (-5.3%) | 0.00 | 161 |
| 2025-02-01 | $348,650 (-9.2%) | $400,943 (-8.0%) | 0.00 | 148 |
| 2025-03-01 | $350,000 (-10.0%) | $409,800 (-8.1%) | 0.00 | 129 |
MANKATO's median listing price for 2025-03-01 was $350,000, a difference of
$-39,000
(-10.0%) versus the prior year and
$1,350 versus the prior month.
MANKATO's median listing price comes in at 0% of the national average.
MANKATO's average listing price for 2025-03-01 was $409,800, a difference of $-35,956 (-8.1%) versus the prior year and $8,857 versus the prior month.
For the 2025-03-01 period, MANKATO had 129 MLS listings, a difference of -19 listings (-13%) versus the prior month and 7 listings (6%) versus the prior year.
MANKATO's median listing price comes in at 0% of the national average.
MANKATO's average listing price for 2025-03-01 was $409,800, a difference of $-35,956 (-8.1%) versus the prior year and $8,857 versus the prior month.
For the 2025-03-01 period, MANKATO had 129 MLS listings, a difference of -19 listings (-13%) versus the prior month and 7 listings (6%) 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 | 2,446 sqft |
| 2024-06-01 | 0 days | 2,576 sqft |
| 2024-07-01 | 0 days | 2,650 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 |
| 2024-11-01 | 0 days | 2,416 sqft |
| 2024-12-01 | 0 days | 2,395 sqft |
| 2025-01-01 | 0 days | 2,329 sqft |
| 2025-02-01 | 0 days | 2,386 sqft |
| 2025-03-01 | 0 days | 2,445 sqft |
MANKATO's median listing age (time on market) for 2025-03-01 was 0 days.
MANKATO's median square footage for active listings during the 2025-03-01 period was 2,445 sqft. One year prior, the average listing was 2,482 sqft.
MANKATO's median square footage for active listings during the 2025-03-01 period was 2,445 sqft. One year prior, the average listing was 2,482 sqft.
MANKATO, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 994 | $332,320,000 | $334,326 |
| Refi | 196 | $59,350,000 | $302,806 |
| Cash Out Refi | 136 | $24,360,000 | $179,118 |
| Home Improvement | 131 | $12,425,000 | $94,847 |
| Other | 118 | $9,280,000 | $78,644 |
Mankato's most frequently cited loan purpose was Home Purchase, with 994 originations. The 2nd most popular reason was Refi, with 196 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 589 | $146,575,000 | $248,854 |
| 7-8% | 279 | $76,945,000 | $275,789 |
| Over 8% | 167 | $14,715,000 | $88,114 |
| 5-6% | 136 | $39,350,000 | $289,338 |
| <2.5% | 32 | $1,160,000 | $36,250 |
| 4-5% | 15 | $3,175,000 | $211,667 |
| 3-4% | 1 | $115,000 | $115,000 |
| 2.5-3% | 1 | $245,000 | $245,000 |
During 2024, Mankato's most frequently originated rate bucket was 6-7%, with 589 originations.
Loan Sizing (MANKATO, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 637 | $176,945,000 | $277,779 |
| $100,000 or less | 393 | $19,635,000 | $49,962 |
| $100k-200k | 393 | $60,325,000 | $153,499 |
| $400k-600k | 95 | $44,645,000 | $469,947 |
| $600k-1000k | 33 | $23,325,000 | $706,818 |
| $Over $1MM | 24 | $112,860,000 | $4,702,500 |
MANKATO's loan sizing saw the bucket of loans from $200k-400k with 637 originations, totaling $176,945,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 571 | $160,485,000 | $281,060 |
| 60-80% | 243 | $64,625,000 | $265,947 |
| Under 20% | 176 | $7,110,000 | $40,398 |
| 20-40% | 130 | $27,410,000 | $210,846 |
| 40-60% | 72 | $13,360,000 | $185,556 |
| Over 100% | 19 | $6,725,000 | $353,947 |
MANKATO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 571 originations, totaling $160,485,000 in origination value.