Affordable & Income-Based Housing in Mankato

Affordability

Mankato's median household income is $66,873 and the median monthly rent is $1,132, according to Census ACS 5-Year data (2024). Exactly half of Mankato residents rent their homes, reflecting a strong renter presence in the city.

Safety

According to FBI Crime Data Explorer, the Mankato Police Department reported a violent crime rate of 260 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Of the 8 HUD-assisted properties in Mankato mapped for flood risk, none fall in a high-risk flood zone.

Getting Around Mankato

According to Walk Score, the area around assisted properties in Mankato scores a 20 out of 100 (Car-Dependent), with a Bike Score of 43 out of 100. No Transit Score is available. Most errands will require a car, though biking is a reasonable option for some trips.

Schools

According to NCES Common Core of Data, 21 schools across 2 districts serve Mankato, including 7 elementary, 2 middle, and 12 high schools. Ratings and programs vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Renting in Mankato

The median household income in Mankato is $66,873 per year, according to Census ACS 5-Year estimates. The citywide median rent is $1,132 per month, per the same source.

Income-restricted housing can offer significant savings below that market-rate median. Mankato has 611 income-restricted units across 8 HUD-assisted or LIHTC properties, giving renters who qualify a range of options to explore.

• Median household income: $66,873/year (Census ACS 5-Year)
• Median market rent: $1,132/month (Census ACS 5-Year)
• Renter households: 50% of occupied units (Census ACS 5-Year)
• Income-restricted units available: 611 across 8 properties

Environmental Exposure

All 8 assisted properties in Mankato have been mapped for flood risk, and none fall within a high-risk flood zone. Flood exposure is not a significant concern for renters in this inventory.