Mankato Homes under $400,000

Welcome to Mankato, Minnesota – a vibrant city nestled in the heart of the picturesque Minnesota River Valley. Known for its rich history, diverse culture, and stunning natural landscapes, Mankato offers a perfect blend of small-town charm and modern conveniences. With a population of around 45,000, this thriving community is an ideal place for families, young professionals, and retirees alike.

Mankato boasts a variety of recreational opportunities, including beautiful parks, scenic trails, and access to the river for kayaking and fishing. The city is also home to Minnesota State University, which enriches the community with cultural events, art exhibitions, and sporting activities. With a bustling downtown area filled with unique shops, restaurants, and entertainment options, Mankato has something for everyone.

For those looking to make Mankato their home, there are an array of beautiful properties available under $400,000. Whether you're searching for a cozy single-family home, a charming townhome, or a spacious condo, you’ll find a variety of options that cater to different lifestyles and preferences. Many of these homes feature modern amenities, well-maintained interiors, and lovely outdoor spaces perfect for entertaining or relaxing.

With its affordable housing market, Mankato is not only a wonderful place to live but also an excellent investment opportunity. Discover the warmth and welcoming spirit of Mankato, where your dream home awaits! Explore the possibilities today and embrace the vibrant lifestyle this beautiful city has to offer.

Newest Mankato Homes under $400,000

$115,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7157899 MLS ⋅ 2,500 SqFt.

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.

$345,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7157847 MLS ⋅ 2,564 SqFt.

Quality craftsmanship, generous living spaces, and a beautiful tree-filled backyard give this thoughtfully designed rambler a special sense of comfort and privacy. Vaulted ceilings, rich trim work, solid-core doors, and quality finishes throughout create a warm, polished feel. The main level features an inviting open-concept layout with a vaulted living room centered around a gas fireplace, spacious dining area, and well-appointed kitchen with granite countertops, a large center island, coffee bar, and walk-in pantry. The primary suite offers a private bath and walk-in closet, while the oversized 3-stall garage provides plenty of room for vehicles, storage, and hobbies and includes a 220V EV charger. A convenient drop zone, established garden, and laundry hookups on both levels add practical touches for everyday living. The finished lower level expands the home with a large family room and an impressive private guest suite complete with an ensuite bath, soaking tub, separate shower, walk-in closet, and additional washer/dryer hookups. Outside, the backyard is defined by mature trees, creating a peaceful setting with plenty of space to relax, gather, and enjoy the seasons. With its well-designed spaces, excellent storage, substantial garage, and serene outdoor setting, this home offers a comfortable blend of style and practicality.

300 Tanager Road, Mankato

Listing courtesy of Edina Realty, Inc..

$389,900

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7157528 MLS ⋅ 2,621 SqFt.

Welcome to 728 Winona Street! This spacious 4 bedroom, 3 bathroom West Mankato home offers 2,617 finished square feet, all above grade, on nearly half an acre just steps from the Red Jacket Trail! This move-in ready property offers a wonderful combination of character, functionality, comfortable living space, and thoughtful updates throughout. The updated kitchen features stainless steel appliances and flows into the dining and living spaces, while multiple living areas, a fireplace, and wet bar provide great opportunities for entertaining. The spacious primary suite features a large walk-in closet, complemented by three additional generously sized bedrooms. Recent improvements include a newer roof, seamless gutters, concrete patio and walkway, and radon mitigation system. Outside, enjoy the beautiful .44-acre lot with mature trees, plenty of green space, a two-stall garage with convenient drive-through access, plus TWO additional outbuildings! One insulated outbuilding features electricity and makes a great workshop or storage space, while the second offers endless possibilities for a home office, studio, workout space, or hobby room. Conveniently located near the Red Jacket Trail, YMCA, schools, shopping, restaurants, and everyday amenities. An added bonus, this property is currently certified as a rental, offering flexibility for those looking for a personal residence or investment opportunity. With an excellent West Mankato location, plenty of space inside and out, and so much versatility, this special property is ready for its next owner!

728 Winona Street, Mankato

Listing courtesy of Century 21 Atwood.

$374,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7156504 MLS ⋅ 1,534 SqFt.

Welcome to this completely renovated 4-bedroom, 2-bath home where thoughtful updates, modern finishes, and timeless style! The main level features durable, stylish LVP and maple flooring throughout, creating a cohesive flow from room to room. The beautifully renovated kitchen is a standout, featuring quartz countertops, updated cabinetry, and under-cabinet lighting that provides both functionality and a warm touch. The home offers four bedrooms, providing plenty of flexibility for bedrooms, office space, or hobbies. Both bathrooms have been thoughtfully renovated, with both featuring porcelain tile that adds a polished, modern feel. Additional features include epoxy flooring in the utility room, a 98% efficient HVAC system, a spacious 3-stall garage with an electric car hookup, and insulated, smart garage doors. The backyard is private, with a beautiful creek.

933 Thompson Ravine Road, Mankato

Listing courtesy of True Real Estate.

$139,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7155562 MLS ⋅ 1,056 SqFt.

118 E Spring Street, Mankato

Listing courtesy of Executive Associates Realty.

$269,900

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7154897 MLS ⋅ 1,154 SqFt.

One owner patio home ready to call yours! Located close to Sibley Park, area trails and the Minnesota River, this charming one-level home offers easy, zero-step entry and comfortable living throughout. Step inside from the front door into the welcoming foyer, where tile floors flow throughout the main living areas. The kitchen, living and dining area feature an open layout, with an eat-in kitchen, custom wood cabinets, and stainless steel appliances. All 3 bedrooms include LVP flooring, 2 with ceiling fans. The 3/4 bath features a beautifully tiled shower. Off the living room, sliding glass doors will lead you to your own private, fully fenced backyard oasis. Enjoy the spacious 20x14 concrete patio, pergola, and hot tub. The shed will provide any extra storage you may need, along with an extended 1 stall garage. If you're looking to simplify life, this well-maintained one-level patio home is worth a look! Come see all it has to offer today.

214 Rogers Street, Mankato

Listing courtesy of Edina Realty, Inc..

$229,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7152958 MLS ⋅ 1,283 SqFt.

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.

$314,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7153308 MLS ⋅ 1,896 SqFt.

This split-foyer home is situated on a desirable corner lot in a quiet cul-de-sac and features a spacious 3-stall attached garage. Inside, you’ll find 4bedrooms, 2 bathrooms, and a functional layout with plenty of room to spread out. The main level offers a bright living room along with vaulted ceilings throughout the kitchen, dining, and living areas, creating an open and inviting feel. Both upper-level bedrooms feature convenient walk-in closets. A patio door off the dining area provides easy access to the deck, perfect for relaxing or entertaining. The lower level offers even more living space with a large family room, two additional bedrooms, and plenty of room to make your own. With a great location, generous living spaces, and a sought-after 3-stall garage, this home has so much to offer!

100 Olympic Court, Mankato

Listing courtesy of American Way Realty.

$84,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7153278 MLS ⋅ 1,344 SqFt.

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

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7151036 MLS ⋅ 1,280 SqFt.

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

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7149299 MLS ⋅ 1,456 SqFt.

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.

$280,000

ACTIVE Status ⋅ 5 Beds ⋅ 2 Baths ⋅ 7146587 MLS ⋅ 1,912 SqFt.

Need room to spread out? This 5-bedroom, 2-bath split-entry home offers a flexible layout designed for everyday living. The main level features beautiful hardwood floors, a bright living room, kitchen and dining area, three bedrooms and a 3/4 bath. Downstairs, you'll find two additional bedrooms, a spacious family/recreation room, another 3/4 bath, plus utility and storage space. Enjoy fresh air without the bugs in the screened porch overlooking the backyard. The 0.22-acre lot offers usable outdoor space, while an attached 1-car garage, concrete driveway, central air, natural gas forced-air heat and city water/sewer add everyday convenience. Accessibility features include grab bars, a wheelchair ramp and roll-in shower. With five true bedrooms, multiple gathering spaces and a practical floor plan, this home offers the space and versatility buyers are looking for—ready for you to make it your own.

611 James Ave, Mankato

Listing courtesy of Keller Williams Realty Integrity Lakes.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.