Home Insurance in Mankato, Minnesota
With a median home value of $261,700, Mankato is close to the Blue Earth County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Mankato was built around 1982. About 28% of homes were built before 1960, about 4 points below Blue Earth County's 32%.
In Mankato, the housing stock is 53% single-family homes, 33% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
60% of owner-occupied homes in Mankato carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Mankato has an owner-occupancy rate of 50% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
Most homes in Mankato - 70% - are primarily heated with natural gas.
Blue Earth County had 75 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Blue Earth County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Minnesota carries a statewide average premium of $1,988 per year.
Key figures
| Median home value | $261,700 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 50% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Blue Earth County | 75 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)