Cities with the fastest-growing home prices in the Mankato metro area
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May 2, 2024
Konstantin L // Shutterstock
Cities with the fastest-growing home prices in the Mankato metro area
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
In March, the typical home value in the United States was $355,696, 4.6% higher than the previous year.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the Mankato metro area using Zillow data. Cities are ranked by their one-year price change as of March 2024.
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Stacker
#23. Gibbon, MN
- 1-year price change: -$4,484 (-2.2%)
- 5-year price change: +$29,159 (+16.7%)
- Typical home value: $203,822 (#20 most expensive city in metro)
- 5-year price change: +$29,159 (+16.7%)
- Typical home value: $203,822 (#20 most expensive city in metro)
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Stacker
#22. Saint Clair, MN
- 1-year price change: -$3,287 (-1.3%)
- 5-year price change: +$63,279 (+35.7%)
- Typical home value: $240,473 (#14 most expensive city in metro)
- 5-year price change: +$63,279 (+35.7%)
- Typical home value: $240,473 (#14 most expensive city in metro)
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Stacker
#21. Gaylord, MN
- 1-year price change: -$2,323 (-1.0%)
- 5-year price change: +$53,556 (+32.3%)
- Typical home value: $219,260 (#19 most expensive city in metro)
- 5-year price change: +$53,556 (+32.3%)
- Typical home value: $219,260 (#19 most expensive city in metro)
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Stacker
#20. Minnesota Lake, MN
- 1-year price change: -$617 (-0.3%)
- 5-year price change: +$65,236 (+54.0%)
- Typical home value: $185,995 (#21 most expensive city in metro)
- 5-year price change: +$65,236 (+54.0%)
- Typical home value: $185,995 (#21 most expensive city in metro)
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Stacker
#19. Skyline, MN
- 1-year price change: +$2,543 (+0.8%)
- 5-year price change: +$93,332 (+41.5%)
- Typical home value: $318,208 (#4 most expensive city in metro)
- 5-year price change: +$93,332 (+41.5%)
- Typical home value: $318,208 (#4 most expensive city in metro)
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Stacker
#18. Pemberton, MN
- 1-year price change: +$2,874 (+1.3%)
- 5-year price change: +$59,552 (+36.9%)
- Typical home value: $221,140 (#18 most expensive city in metro)
- 5-year price change: +$59,552 (+36.9%)
- Typical home value: $221,140 (#18 most expensive city in metro)
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Stacker
#17. Madelia, MN
- 1-year price change: +$3,343 (+1.8%)
- 5-year price change: +$65,573 (+54.9%)
- Typical home value: $185,057 (#22 most expensive city in metro)
- 5-year price change: +$65,573 (+54.9%)
- Typical home value: $185,057 (#22 most expensive city in metro)
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Stacker
#16. Fairfax, MN
- 1-year price change: +$4,246 (+2.6%)
- 5-year price change: +$53,798 (+48.2%)
- Typical home value: $165,372 (#23 most expensive city in metro)
- 5-year price change: +$53,798 (+48.2%)
- Typical home value: $165,372 (#23 most expensive city in metro)
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Stacker
#15. Mapleton, MN
- 1-year price change: +$5,960 (+2.7%)
- 5-year price change: +$70,536 (+45.2%)
- Typical home value: $226,677 (#17 most expensive city in metro)
- 5-year price change: +$70,536 (+45.2%)
- Typical home value: $226,677 (#17 most expensive city in metro)
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Stacker
#14. Madison Lake, MN
- 1-year price change: +$6,280 (+1.5%)
- 5-year price change: +$116,662 (+39.0%)
- Typical home value: $415,763 (#1 most expensive city in metro)
- 5-year price change: +$116,662 (+39.0%)
- Typical home value: $415,763 (#1 most expensive city in metro)
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Stacker
#13. Saint Peter, MN
- 1-year price change: +$6,591 (+2.4%)
- 5-year price change: +$70,944 (+34.4%)
- Typical home value: $277,411 (#9 most expensive city in metro)
- 5-year price change: +$70,944 (+34.4%)
- Typical home value: $277,411 (#9 most expensive city in metro)
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Stacker
#12. Mankato, MN
- 1-year price change: +$6,614 (+2.3%)
- 5-year price change: +$76,123 (+35.9%)
- Typical home value: $288,312 (#8 most expensive city in metro)
- 5-year price change: +$76,123 (+35.9%)
- Typical home value: $288,312 (#8 most expensive city in metro)
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Stacker
#11. Lake Crystal, MN
- 1-year price change: +$7,721 (+3.0%)
- 5-year price change: +$83,312 (+45.6%)
- Typical home value: $265,995 (#10 most expensive city in metro)
- 5-year price change: +$83,312 (+45.6%)
- Typical home value: $265,995 (#10 most expensive city in metro)
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Stacker
#10. Nicollet, MN
- 1-year price change: +$7,800 (+2.6%)
- 5-year price change: +$84,758 (+37.9%)
- Typical home value: $308,382 (#5 most expensive city in metro)
- 5-year price change: +$84,758 (+37.9%)
- Typical home value: $308,382 (#5 most expensive city in metro)
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Stacker
#9. Eagle Lake, MN
- 1-year price change: +$7,961 (+2.6%)
- 5-year price change: +$81,843 (+34.4%)
- Typical home value: $319,750 (#3 most expensive city in metro)
- 5-year price change: +$81,843 (+34.4%)
- Typical home value: $319,750 (#3 most expensive city in metro)
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Stacker
#8. Vernon Center, MN
- 1-year price change: +$8,961 (+4.0%)
- 5-year price change: +$68,158 (+41.7%)
- Typical home value: $231,468 (#15 most expensive city in metro)
- 5-year price change: +$68,158 (+41.7%)
- Typical home value: $231,468 (#15 most expensive city in metro)
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Stacker
#7. North Mankato, MN
- 1-year price change: +$9,629 (+3.4%)
- 5-year price change: +$72,798 (+33.6%)
- Typical home value: $289,633 (#7 most expensive city in metro)
- 5-year price change: +$72,798 (+33.6%)
- Typical home value: $289,633 (#7 most expensive city in metro)
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Stacker
#6. Garden City, MN
- 1-year price change: +$10,291 (+4.1%)
- 5-year price change: +$74,796 (+39.7%)
- Typical home value: $263,218 (#11 most expensive city in metro)
- 5-year price change: +$74,796 (+39.7%)
- Typical home value: $263,218 (#11 most expensive city in metro)
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Stacker
#5. Janesville, MN
- 1-year price change: +$10,493 (+4.2%)
- 5-year price change: +$68,252 (+36.0%)
- Typical home value: $258,084 (#12 most expensive city in metro)
- 5-year price change: +$68,252 (+36.0%)
- Typical home value: $258,084 (#12 most expensive city in metro)
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#4. Courtland, MN
- 1-year price change: +$12,871 (+4.2%)
- 5-year price change: +$90,105 (+39.1%)
- Typical home value: $320,785 (#2 most expensive city in metro)
- 5-year price change: +$90,105 (+39.1%)
- Typical home value: $320,785 (#2 most expensive city in metro)
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Stacker
#3. Lafayette, MN
- 1-year price change: +$14,239 (+6.2%)
- 5-year price change: +$75,262 (+44.9%)
- Typical home value: $242,748 (#13 most expensive city in metro)
- 5-year price change: +$75,262 (+44.9%)
- Typical home value: $242,748 (#13 most expensive city in metro)
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#2. Amboy, MN
- 1-year price change: +$14,786 (+6.9%)
- 5-year price change: +$76,706 (+50.0%)
- Typical home value: $230,091 (#16 most expensive city in metro)
- 5-year price change: +$76,706 (+50.0%)
- Typical home value: $230,091 (#16 most expensive city in metro)
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#1. Good Thunder, MN
- 1-year price change: +$18,741 (+6.5%)
- 5-year price change: +$103,086 (+50.4%)
- Typical home value: $307,516 (#6 most expensive city in metro)
- 5-year price change: +$103,086 (+50.4%)
- Typical home value: $307,516 (#6 most expensive city in metro)
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.
