Performance indicators for the Mankato short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Mankato.
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Challenging to Investors
Outside cities, STRs are allowed but require an Interim Use Permit, building inspection/Certificate of Occupancy, potential MDH lodging license, detailed site/floor plans, business plan, manager 24/7 response, parking/sewage compliance, guest postings, neighbor notices, and have a one-per-parcel cap plus 125‑ft buffer in certain zones; within Mankato the regulatory gap introduces material uncertainty and potential enforcement risk for investors.
Local STR Agent
STR specialist · Mankato, MN
Mankato ( man-KAY-toh) is a city in Blue Earth, Nicollet, and Le Sueur counties in the U.S. state of Minnesota. The population was 44,488 according to the 2020 census, making it the 21st-largest city in Minnesota, and the 5th-largest outside of the Minneapolis–Saint Paul metropolitan area. It is along a large bend of the Minnesota River at its confluence with the Blue Earth River. Mankato is across the Minnesota River from North Mankato. Mankato and North Mankato have a combined population of 58,763 according to the 2020 census. It completely encompasses the town of Skyline. North of Mankato Regional Airport, a tiny non-contiguous part of the city lies within Le Sueur County. Most of the city is in Blue Earth County. Mankato is the larger of the two principal cities of the Mankato-North Mankato metropolitan area, which covers Blue Earth and Nicollet Counties and had a combined population of 103,566 at the 2020 census. The U.S. Census Bureau designated Mankato a Metropolitan Statistical Area in November 2008.