Mankato Homes under $250,000

Welcome to Mankato, Minnesota—a vibrant city nestled in the heart of southern Minnesota, where the charm of small-town living meets the conveniences of urban life. Known for its rich history, diverse culture, and stunning natural landscapes, Mankato is an ideal place for families, young professionals, and retirees alike. With a population of just over 40,000, this welcoming community boasts a thriving downtown area filled with unique shops, delightful eateries, and an array of recreational opportunities.

One of the most appealing aspects of Mankato is its affordability, particularly when it comes to housing. For those seeking homes under $250,000, the options are plentiful and diverse. Whether you’re looking for a cozy starter home, a quaint townhouse, or a charming single-family residence, Mankato offers a variety of properties that cater to different tastes and needs.

The city's neighborhoods are known for their friendly atmosphere and well-maintained parks, providing residents with ample opportunities for outdoor activities. From the scenic Riverfront Park to the beautiful Minneopa State Park, nature lovers will find plenty of space to explore and unwind. Additionally, Mankato is home to Minnesota State University, which adds a youthful energy to the city and fosters a rich cultural scene with events, performances, and community festivals throughout the year.

With its affordable housing market and vibrant community spirit, Mankato is not just a place to live—it's a place to thrive. Come discover your dream home in this enchanting city!

Newest Mankato Homes under $250,000

$115,000

3 Beds ⋅ 2 Baths ⋅ 7157899 MLS

Affordable property with lots of potential! Features a 3 bedroom, 2 bathroom home with an attached garage plus a 25x40 garage on a separate parcel. Rare find with the sale including 2 parcels located at 703 N Broad Street, Mankato & 312 E Rock Street, Mankato!

703 N Broad Street, Mankato

Listing courtesy of RE/MAX Advantage Plus.

$139,900

2 Beds ⋅ 1 Baths ⋅ 7155562 MLS

118 E Spring Street, Mankato

Listing courtesy of Executive Associates Realty.

$229,900

2 Beds ⋅ 2 Baths ⋅ 7152958 MLS

Classic Bungalow charm meets exceptional care in this inviting 2-bedroom home, meticulously maintained by the same owners for more than 30 years. Step inside to find beautiful period details including hardwood floors, glass doorknobs and graceful arched doorways that add warmth and character throughout. The efficient galley kitchen offers a practical workspace, while the wonderful sunroom is sure to become a favorite spot to relax, enjoy a peaceful morning preparing for your day or unwind at the end of the day. With 1.25 baths and comfortable living spaces, this home offers a welcoming layout with timeless appeal. Outside, you are sure to enjoy the patio, Trex deck and fenced yard—perfect for relaxing, gardening or entertaining. Moreover, this property possesses an oversized double garage at the back of the property. There are mature trees- one of which is a peach tree and raspberries along the fence line. 50 year shingles were installed by Heyn Brothers in 2021 on both the house and garage. The house also received Leaf Guard gutters with a transferable warranty. This darling property has been lovingly cared for through the years and boasts the character of an earlier era along with the comfort that make a house feel like home.

1311 N 5th Street, Mankato

Listing courtesy of True Real Estate.

$84,900

3 Beds ⋅ 2 Baths ⋅ 7153278 MLS

Rare fenced-in yard for your pets. This 3-bedroom, 2-bathroom easy-living home can be purchased for less than you can pay in rent... so why rent?. Open-concept kitchen, dining, and living area. 3 spacious bedrooms with nice-size closets. *** Seller is paying for and replacing the origional carpet, prior to buyer moving in. *** Newer items include ac, water heater, flooring, paint, new shed, new thermostats, smoke, and CO2 detectors Mobile home is not for lease Land is not included in the sale

107 Hilton Court, Mankato

Listing courtesy of True Real Estate.

$68,900

3 Beds ⋅ 2 Baths ⋅ 7151036 MLS

Desired 3-bedroom, 2-bath on a great semi-private lot. Some updates, like flooring, cabinets, countertops, and more, are already complete, and others have started. Trim, paint, flooring, and cabinet toe-kicks remain to finish the projects. Multiple upgrades to the property. Large deck and two sheds. One shed was used as extra living space with electricity.

605 E Shakespeare Avenue E, Mankato

Listing courtesy of True Real Estate.

$54,800

3 Beds ⋅ 2 Baths ⋅ 7149299 MLS

Welcome to 701 N Shakespeare! This spacious double-wide mobile home offers 1,456 square feet with 3 bedrooms and 2 bathrooms, including a private primary suite with its own bathroom. Recent updates include new carpet throughout. The open layout provides plenty of comfortable living space, with a practical floor plan and room to make it your own. Convenient Mankato location close to shopping, dining, and everyday amenities.

701 N Shakespeare Avenue, Mankato

Listing courtesy of Century 21 Atwood.

$225,000

4 Beds ⋅ 2 Baths ⋅ 7148702 MLS

Welcome to 531 Range Street in North Mankato! This charming 4-bedroom, 2-bathroom home offers a blend of comfort, convenience, and tasteful updates. Step inside and you will immediately appreciate the care and thought put into this home. The interior has had modern updates while maintaining a traditional and inviting feel that makes this house feel like a home. A perfect starter family house, this house has 4 bedrooms, allowing plenty of space for family, guests, home offices, or any lifestyles seen fit. The kitchen has been updated with new countertops, cabinets, sink and appliances. There are 2 bedrooms on the lower and upper level, along with a full bathroom on each floor offer a functional layout. The basement offers a strong area for storage as well as a potential workshop area. The yard offers room for a potential garden or relaxation area. The driveway fits 2 cars along with available street side parking. Located in the heart of lower North Mankato, offering a convenient location near locally owned groceries, businesses, schools, parks and amenities with easy access to Highway 169 and the soon to be reopened Veterans Memorial Bridge. This house is ready for you to call it home!

531 Range Street, Mankato

Listing courtesy of True Real Estate.

$180,000

3 Beds ⋅ 2 Baths ⋅ 7148734 MLS

A home with more than a century of history deserves an introduction with character. Built in 1896, this 3-bedroom, 2-bath Mankato home welcomes you with an open front porch that leads into an enclosed front porch and foyer. Inside, all new carpet adds a refreshed feel, while an arched doorway creates a charming transition between the main-level living room and dining room. A main-level bedroom and laundry add everyday convenience, with two additional bedrooms upstairs. Outside, the concrete side patio gives you a spot to relax or gather, while the fenced backyard includes a storage shed for extra organization. A detached 2-stall garage rounds out the property, giving you a home that blends historic character with useful features for today.

1526 N 4th Street, Mankato

Listing courtesy of Kris Lindahl Real Estate.

$199,900

2 Beds ⋅ 1 Baths ⋅ 7147731 MLS

Updated, charming, and move-in ready! This quaint home features modern and thoughtful updates into a welcoming space. The main floor features a bright living room with beautiful LVP flooring, fresh neutral finishes, and large new windows that fill the space with natural light. The adjacent eat-in kitchen offers new stainless steel appliances, stylish gray cabinetry, paneled wainscoting, a tiled backsplash, and convenient access to the backyard. Two bedrooms on the main level with the same LVP flooring. The updated bathroom adds a fresh touch with a tiled tub/shower surround. The basement offers plenty of potential for future finishing and currently provides laundry and mechanical space. Step outside to enjoy the spacious yard, maintenance-free vinyl privacy fencing, paver patio with firepit, and storage shed. With its updates, outdoor space, and move-in-ready appeal, this one is ready for you to call home!

401 Belle Avenue, Mankato

Listing courtesy of Keller Williams Preferred Rlty.

$199,500

2 Beds ⋅ 2 Baths ⋅ 7148303 MLS

Welcome to 108 Tanager Path! This inviting 2-bedroom, 1.5-bath townhouse offers approximately 1,254 square feet of finished living space and a comfortable layout designed for easy everyday living. With a thoughtfully arranged floor plan featuring well-proportioned living areas, this home offers a wonderful combination of comfort and functionality. Furnace new in 2025, A/C and water heater new in 2022. Kitchen drawer is on order and will be replaced. Come take a look and discover all this home has to offer.

108 Tanager Path, Mankato

Listing courtesy of True Real Estate.

$219,900

3 Beds ⋅ 2 Baths ⋅ 7142227 MLS

Welcome home to this beautifully maintained, completely move-in ready 3 bedroom, 2 bathroom townhome in Upper North Mankato! From the moment you step inside, you’ll be impressed by the immaculate condition, stylish finishes, and inviting atmosphere. The bright, open concept main level is perfect for both everyday living and entertaining, featuring a spacious living room, dining area, and kitchen that flow seamlessly together. A convenient half bath on the main floor adds extra functionality for guests. Upstairs, you’ll find three comfortable bedrooms, including a spacious primary suite with an oversized walk-in closet that provides exceptional storage. Every room has been lovingly cared for, making this home truly turnkey and ready for its next owner. Outside, enjoy a generously sized yard with plenty of space to relax or entertain. The attached 2 stall garage offers additional storage and convenience. An added bonus is the existing rental license, providing flexibility for investors or future rental opportunities. Situated in Upper North Mankato close to parks, schools, shopping, restaurants, and everyday amenities. This is one you won’t want to miss!

11 Restless Court, Mankato

Listing courtesy of True Real Estate.

$209,900

3 Beds ⋅ 2 Baths ⋅ 7138497 MLS

Fall in love with this adorable 3 bedroom, 2 bathroom home perfectly situated in the heart of Mankato, putting you just minutes from shopping, restaurants, parks, schools, and everything the city has to offer. From the inviting front porch to the spacious back deck, this home is full of charm inside and out. The functional floor plan features the convenience of main floor laundry, comfortable living spaces, and plenty of room to make yourself at home. Step outside to the oversized backyard, ideal for entertaining, summer BBQs, gardening or simply relaxing in your own private outdoor retreat. With its unbeatable central location, attractive curb appeal, and expansive yard, this move in ready home offers the perfect combination of character, convenience, and value. Homes like this won't last long, schedule your showing today!

1518 4th Avenue, Mankato

Listing courtesy of True Real Estate.

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