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
Median Home Price
$337,521.29
Median Rent
$1,676.07/mo
Price-to-Rent Ratio
16.8
Property Tax RateTIE
1.13%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$121,405
Key Differences
Home Prices
Mankato's median home price of $293,827.67 is lower than Rochester's $337,521.29 by 13%.
Monthly Rent
Renting in Mankato costs $1,489.94/mo compared to $1,676.07/mo in Rochester—a difference of $186.13/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.