Mankato, MN Federal Housing Finance Agency Home Price Index (FHFA HPI)

Mankato, MN is located in the southern part of the state and is home to a variety of industries. The city has a strong economy and a low cost of living, which has made it a popular destination for retirees and families. The median home price in Mankato is $142,000, which is lower than the national average of $219,700. The city's housing market has been steadily growing over the past few years, and home prices have increased by 6.4% since last year. Despite this growth, Mankato remains an affordable place to live, with a median home price that is still below the national average.

The Mankato area has seen a lot of growth in recent years, which has led to an increase in home prices. However, this growth has not been evenly distributed across all neighborhoods. Some areas, such as downtown Mankato and the surrounding suburbs, have seen much higher rates of appreciation than others. This uneven growth has led to some concerns about gentrification and displacement of low-income residents. However, overall, the city's housing market is healthy and continues to grow at a steady pace.