Cities with the fastest growing home prices in Mankato metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Mankato metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Mankato, MN metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 23 cities and towns with data available were included in the list.

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#23. Fairfax, Fairfax

- 1-year price change: +$10,485 (+7.4%)
- 5-year price change: +$41,040 (+36.8%)
- Typical home value: $152,444 (#23 most expensive city in metro)
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#22. Lafayette, Lafayette

- 1-year price change: +$14,170 (+6.8%)
- 5-year price change: +$66,114 (+42.3%)
- Typical home value: $222,245 (#14 most expensive city in metro)
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Stacker

#21. Gibbon, Gibbon

- 1-year price change: +$16,115 (+11.0%)
- 5-year price change: +$55,076 (+51.1%)
- Typical home value: $162,760 (#22 most expensive city in metro)
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#20. Minnesota Lake, Minnesota Lake

- 1-year price change: +$17,338 (+11.1%)
- 5-year price change: +$58,146 (+50.2%)
- Typical home value: $173,979 (#20 most expensive city in metro)
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Stacker

#19. Gaylord, Gaylord

- 1-year price change: +$19,406 (+11.3%)
- 5-year price change: +$70,980 (+59.4%)
- Typical home value: $190,487 (#18 most expensive city in metro)

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Stacker

#18. Madelia, Madelia

- 1-year price change: +$19,649 (+12.8%)
- 5-year price change: +$53,122 (+44.1%)
- Typical home value: $173,611 (#21 most expensive city in metro)
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#17. Saint Peter, Saint Peter

- 1-year price change: +$21,017 (+8.1%)
- 5-year price change: +$79,492 (+39.7%)
- Typical home value: $279,949 (#8 most expensive city in metro)
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Stacker

#16. North Mankato, North Mankato

- 1-year price change: +$21,323 (+7.8%)
- 5-year price change: +$83,871 (+39.5%)
- Typical home value: $296,099 (#6 most expensive city in metro)
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Stacker

#15. Janesville, Janesville

- 1-year price change: +$23,635 (+9.7%)
- 5-year price change: +$81,570 (+43.6%)
- Typical home value: $268,450 (#9 most expensive city in metro)
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#14. Nicollet, Nicollet

- 1-year price change: +$24,777 (+8.8%)
- 5-year price change: +$87,154 (+40.0%)
- Typical home value: $305,174 (#5 most expensive city in metro)

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#13. Courtland, Courtland

- 1-year price change: +$27,205 (+9.4%)
- 5-year price change: +$95,219 (+42.7%)
- Typical home value: $318,109 (#3 most expensive city in metro)
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#12. Amboy, Amboy

- 1-year price change: +$28,891 (+18.0%)
- 5-year price change: +$60,205 (+46.6%)
- Typical home value: $189,321 (#19 most expensive city in metro)
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#11. Vernon Center, Vernon Center

- 1-year price change: +$30,654 (+17.4%)
- 5-year price change: +$65,327 (+46.1%)
- Typical home value: $206,918 (#17 most expensive city in metro)
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#10. Pemberton, Pemberton

- 1-year price change: +$31,062 (+16.7%)
- 5-year price change: +$67,820 (+45.3%)
- Typical home value: $217,549 (#15 most expensive city in metro)
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#9. Mapleton, Mapleton

- 1-year price change: +$31,995 (+17.6%)
- 5-year price change: +$71,307 (+50.0%)
- Typical home value: $213,783 (#16 most expensive city in metro)

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#8. Garden City, Garden City

- 1-year price change: +$33,377 (+17.4%)
- 5-year price change: +$76,903 (+51.7%)
- Typical home value: $225,733 (#13 most expensive city in metro)
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#7. Saint Clair, Saint Clair

- 1-year price change: +$36,691 (+18.2%)
- 5-year price change: +$73,822 (+44.8%)
- Typical home value: $238,594 (#12 most expensive city in metro)
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#6. Lake Crystal, Lake Crystal

- 1-year price change: +$38,595 (+17.6%)
- 5-year price change: +$84,388 (+48.6%)
- Typical home value: $258,165 (#11 most expensive city in metro)
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#5. Good Thunder, Good Thunder

- 1-year price change: +$38,788 (+17.4%)
- 5-year price change: +$91,312 (+53.6%)
- Typical home value: $261,700 (#10 most expensive city in metro)
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#4. Mankato, Mankato

- 1-year price change: +$43,619 (+17.5%)
- 5-year price change: +$94,134 (+47.3%)
- Typical home value: $292,988 (#7 most expensive city in metro)

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#3. Eagle Lake, Eagle Lake

- 1-year price change: +$47,618 (+17.7%)
- 5-year price change: +$104,047 (+48.9%)
- Typical home value: $316,621 (#4 most expensive city in metro)
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#2. Skyline, Skyline

- 1-year price change: +$48,075 (+16.9%)
- 5-year price change: +$113,546 (+51.8%)
- Typical home value: $332,820 (#2 most expensive city in metro)
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#1. Madison Lake, Madison Lake

- 1-year price change: +$52,565 (+14.9%)
- 5-year price change: +$129,108 (+46.6%)
- Typical home value: $406,237 (#1 most expensive city in metro)

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