Median Home PriceBETTER
$293,827.67
Median RentTIE
$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
$326,548.05
Median RentTIE
$1,504.11/mo
Price-to-Rent Ratio
18.1
Property Tax RateTIE
1.13%
Price Change (1Y)
+1.3%
Price Change (5Y)
+6.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$205,672
Key Differences
Home Prices
Mankato's median home price of $293,827.67 is lower than St. Paul's $326,548.05 by 10%.
Monthly Rent
Renting in Mankato costs $1,489.94/mo compared to $1,504.11/mo in St. Paul—a difference of $14.17/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.