Metro area index
Home appreciation in the Mankato, MN metro area
FHFA HPI® data shows the Mankato, MN metro area's all-transactions index changed +1.2% over the year to Q2 2026, versus +3.0% for Minnesota and +3.0% for the U.S. That ranks 312th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +1.2%
- 5-year change
- +30.8%
- Since Q1 1995
- +233%
- Metro rank (1 year)
- 312th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Mankato, MN vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Mankato, MN: 332.6
- Minnesota: 375.3
- United States: 391.6
Appreciation by time window
| Window | Metro | MN | U.S. | Gap vs MN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.2% | +3.0% | +3.0% | −1.8 pts | −1.8 pts |
| 3 years | +8.2% | +10.3% | +12.9% | −2.2 pts | −4.7 pts |
| 5 years | +30.8% | +31.2% | +41.3% | −0.4 pts | −10.5 pts |
| 10 years | +70.3% | +76.2% | +93.3% | −5.8 pts | −23.0 pts |
| Since Q1 1995 | +233% | +275% | +292% | −42.7 pts | −59.0 pts |
3-digit ZIP regions in the Mankato, MN area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 560 · Mankato, MN area | MN | +3.0% | +35.4% | +249% | 37% |
Boom, bust, and recovery in Mankato, MN area
Mankato, MN area's index peaked in Q1 2007, fell 14.2% to its low in Q2 2011, and regained its peak in Q3 2016, about 9.5 years after the top. Today it sits +69.2% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2011 | -14.2% | Q3 2016 (9.5 yrs) | +69.2% |
| MN | Q1 2007 | Q2 2012 | -21.8% | Q3 2017 (10.5 yrs) | +65.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Mankato, MN area's index has changed +50.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -2.6% | -0.9% | -0.8% |
| 3 years | +9.8% | -1.5% | +0.5% | +2.8% |
| 5 years | +24.0% | +5.5% | +5.8% | +13.9% |
| 10 years | +39.1% | +22.5% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +50.2% | +69.5% | +76.8% |
If you bought in the Mankato, MN area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +220% | $959,429 |
| Q2 2000 | +151% | $753,216 |
| Q2 2005 | +80.6% | $541,704 |
| Q2 2010 | +88.7% | $566,077 |
| Q2 2015 | +72.9% | $518,722 |
| Q2 2020 | +44.5% | $433,372 |
| Q2 2021 | +30.8% | $392,413 |
| Q2 2023 | +8.2% | $324,532 |
| Q2 2025 | +1.2% | $303,578 |
Frequently asked questions
- How much have home prices risen in the Mankato, MN area?
- FHFA HPI® data for the Mankato, MN metro area shows changes of +1.2% over one year, +30.8% over five years, and +70.3% over ten years to Q2 2026, and +233% since Q1 1995.
- Is the Mankato, MN area beating the national average?
- Over the past year the metro's index moved −1.8 pts versus the U.S.; over five years the gap is −10.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.