HomeMinnesotaBlue Earth CountyMankato
Mankato, Minnesota: commercial real estate data.
Mankato is a Census city of 45,473 people across 19.88 square miles of land, in Blue Earth County. Median household income is $66,873, 50.0 percent of occupied homes are owned, and the SBA record carries 102 7(a) approvals to borrowers here worth $34.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Mankato
What Mankato is
- Census place typecity
- Land area19.88 sq mi
- Water area0.35 sq mi
- Population per square mile of land2,287
- County holding the largest share of its areaBlue Earth County, 98.4 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mankato
How many people live in Mankato
- Population45,473
- Median age26.5
- Population under 187,711
- Share under 1817.0 percent
- Population 65 and over5,772
- Share 65 and over12.7 percent
- Households18,075
- Family households8,466
- Share of households that are families46.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mankato
Income and work in Mankato
- Median household income$66,873
- Per capita income$33,811
- Civilian labor force27,015
- Employed25,394
- Unemployed1,621 plus or minus 332
- Unemployment rate6.0 percent plus or minus 1.2
- Adults 25 and over24,115
- Adults 25 and over with a high school diploma or higher93.3 percent
- Adults 25 and over with a bachelor degree or higher35.1 percent
- Adults 25 and over with a graduate degree11.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mankato
Housing in Mankato
- Housing units19,529
- Occupied units18,075
- Vacant units1,454 plus or minus 320
- Vacancy rate7.4 percent plus or minus 1.6
- Owner occupied9,046
- Renter occupied9,029
- Ownership rate50.0 percent
- Median owner-occupied home value$261,700
- Median gross rent, monthly$1,132
- Annual rent as a share of median income20.3 percent
- Single family units10,301
- Share single family52.7 percent
- Units in buildings of two or more8,107
- Share in buildings of two or more41.5 percent
- Mobile homes1,121 plus or minus 238
- Median year structure built1982
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mankato
How Mankato gets to work
- Workers 16 and over who commute22,664
- Commuting under 15 minutes14,322
- Share commuting under 15 minutes63.2 percent
- Commuting 30 minutes or more1,934
- Share commuting 30 minutes or more8.5 percent
- Drove alone73.3 percent
- Carpooled12.5 percent plus or minus 3.3
- Public transport1.9 percent plus or minus 0.9
- Walked3.3 percent
- Worked from home7.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mankato
SBA loans in Mankato (7(a))
- Approvals102
- Gross approval$34,566,100
- Average approval$338,883
- Median approval$117,500
- Ninetieth percentile approval$677,000
- Largest approval$4,750,000
- Jobs supported1,014
- Jobs per approval9.9
- Loans with a final outcome25
- Paid in full24
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more6.9 percent
- Share to franchises12.7 percent
- Distinct lenders24
- Distinct industries by NAICS57
Counted by borrower city: approvals to borrowers whose address is in Mankato, in any county, FY2020 to FY2026. Only 25 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mankato
SBA loans in Mankato (504)
- Approvals72
- Gross approval$51,696,000
- Average approval$718,000
- Median approval$440,000
- Largest approval$5,500,000
- Jobs supported502
- Loans with a final outcome24
- Charged off1
- Median term240 months
- Distinct CDCs6
Counted by borrower city: approvals to borrowers whose address is in Mankato, in any county, FY2010 to FY2026. Only 24 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mankato
Flood risk in Mankato
- NFIP communityCity of Mankato
- NFIP community number275242
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/17/24
The City of Mankato participates in the National Flood Insurance Program as community 275242 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Blue Earth County, not Mankato
Blue Earth County context, not Mankato figures
- Establishments in Blue Earth County1,992
- Covered employment, Blue Earth County41,255
- Average annual pay, Blue Earth County$56,997
- Housing units permitted, Blue Earth County271
Every figure in this section is published for Blue Earth County as a whole and is not a measurement of Mankato.
All Blue Earth County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Mankato questions, answered from the record.
How many people live in Mankato, Minnesota?
45,473, in 18,075 households. Mankato city covers 19.88 square miles of land, which is 2,287 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Mankato in?
Blue Earth County, which holds 98.4 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Mankato?
$66,873. The median owner-occupied home is valued at $261,700. Median gross rent is $1,132 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Mankato businesses?
102 7(a) approvals totaling $34.6 m since FY2020, across 24 lenders, median approval $117,500, plus 72 504 approvals worth $51.7 m since FY2010. These count approvals to borrowers whose address is in Mankato, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Mankato borrowers get paid back?
No rate is published for Mankato. Only 25 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Mankato in the National Flood Insurance Program?
Yes. Mankato appears in the FEMA Community Status Book as Mankato, city of, community 275242, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Mankato figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Blue Earth County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Mankato.
Is zoning published for Mankato?
No. Nothing on this page presents parcel level zoning.
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