Median Home Price
$374,793.3
Median Rent
$1,742.74/mo
Price-to-Rent Ratio
17.9
Property Tax RateTIE
1.13%
Price Change (1Y)
+2.2%
Price Change (5Y)
+10.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$199,871
Median Home PriceBETTER
$293,827.67
Median RentBETTER
$1,489.94/mo
Price-to-Rent RatioBETTER
16.4
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+5.3%
Price Change (5Y)BETTER
+26.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$44,899
Key Differences
Home Prices
Bloomington's median home price of $374,793.3 is higher than Mankato's $293,827.67 by 28%.
Monthly Rent
Renting in Bloomington costs $1,742.74/mo compared to $1,489.94/mo in Mankato—a difference of $252.8/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.