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Condo Foreclosures in Mankato, MN 56001

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Mankato, MN Foreclosures

How much do homes sell for in Mankato, MN?
The average home price is currently $339,073.
What’s the average rental cost in Mankato, MN?
The average rental price in Mankato is $1,551.
What is the most expensive home in Mankato?
The most expensive home sold in Mankato had a price of $3,722,956.
What is currently the cheapest priced home in Mankato, MN?
The cheapest home for sale in Mankato is priced at $18,740.

Living in Mankato, MN

Mankato, MN is a welcoming city with a rich history, scenic parks, and a vibrant downtown. The area offers a variety of recreational opportunities, educational institutions, and a strong community feel, making it an ideal place to live and explore.

Current Market Conditions in Mankato, MN

The current real estate market in Mankato, MN is experiencing a shortage of available homes, making it a competitive market for buyers. Despite rising prices, many are drawn to the area due to its quality of life, which includes excellent schools and a strong local economy.

Recent trends indicate a steady appreciation in home values, with demand for both single-family homes and rental properties on the rise. The influx of new residents and economic development projects contribute to a dynamic housing market.

Home Value Estimator For Mankato, MN

There are currently 13,993 real estate properties in Mankato, MN, with a median automated valuation model (AVM) price of $294,106.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mankato, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mankato, MN, is $339,073.00, with the most expensive house in Mankato, MN, topping out at $3,722,956.00 and the cheapest home in Mankato, MN, clocking in at $18,740.00. In other words, there’s something for every potential homebuyer or savvy investor in Mankato, MN!

Rent Prices In Mankato, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mankato, MN, is on a rollercoaster ride. The average rent price in Mankato, MN, is $1,551.00. Indeed, when looking to rent in Mankato, MN, you can expect to pay as little as $570.00 or as much as $3,840.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Mankato, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mankato, MN 56001 Condos

Market Trend for Mankato, MN

Total Listings Available: 0

Market Values:

Home Prices from $18,740 to $3,722,956

Average Sales Price: $339,073

Rental Values:

Rental from $570 to $3,840

Average Rent Value: $1,551 / month

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