$216,433Average Value$69Average Price per Sq Ft1Home For Sale
Access to the arts and history in downtown Mankato
As part of downtown Mankato, the Five Corners neighborhood keeps arts and culture at its fingertips. “The downtown area was revitalized in the last five to 10 years. It’s a good place to live and work. We have a lot of businesses moving to town all the time, so there’s been a steady, slow growth,” says Chris Cousins of Viking Real Estate, a Realtor with over a decade of experience in Mankato. Offices make up about a third of the Five Corners community, so business is weaved into the fabric of the neighborhood. Sculptures along the sidewalk add an artsy flair to the city streets, and the civic center draws in live performances of nationally recognized musicians. Although there have been many efforts to update the area, there are traces of Mankato’s past sprinkled across the community. On Fifth Street, the Blue Earth County Historic Courthouse blends Second Empire and Italianate features, making it one of the touches of 19th-century charm in the neighborhood. Though close to Mankato’s top attractions and employers, the Five Corners community has many single-family homes to choose from for below the median price for Blue Earth County.
Quiet streets with old-growth trees makeup the picturesque neighborhood of Five Corners.
Single-family homes make up the majority of residences in the Five Corners neighborhood.
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20th-century homes below the Blue Earth County median
According to the local market reports from Minnesota Realtors, the median sales price for homes in Blue Earth County is around $290,000. In the Five Corners neighborhood, prices range from $170,000 to $215,000 for single-family homes with 2,000 to 3,000 square feet. Because most homes are from the early 1900s, architectural styles include Victorian, Queen Anne and Craftsman. One- and two-car garages line the alleyways, and there is often a concrete driveway alongside it, so residents seldom need to park on the street. Some of the larger homes in the neighborhood have been repurposed as rental units, and a few apartment complexes are mixed in between houses and office buildings.
Victorian-style homes add an elegant touch to the Five Corners neighborhood.
Classic craftsman-style homes beautify the streets of the Five Corners.
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Pocket parks, art galleries and the Mankato Symphony Orchestra
There are pocket parks close to the neighborhood’s edges with benches and open green space, including Jackson Street Park and Malda Farnham Park, and the ski slopes at Mount Kato are only 3 miles southwest. However, for folks in the Five Corners, the biggest recreational draw isn’t about the parks — it’s about the arts. The Mayo Clinic Health System Event Center hosts concerts for audiences of over 8,000, the Mankato Symphony Orchestra plays haunting concertos in an intimate setting, the Carnegie Art Center keeps local art on display all year long, and the Blue Earth County Library holds everything from writing workshops to author readings. That said, when residents get an itch for the outdoors, there are long trails and vast woodlands within 10 miles of the neighborhood. “It’s a smaller metropolitan area. You’re an hour and a half drive from Minneapolis if you want the hustle and bustle, but you’re also 10 minutes from the country,” Cousins says. “Mankato is a smaller metropolis that has everything you’d want, but you can also go to the waterfalls or to the bison at Minneopa State Park.”
Five Corners neighborhood residents can visit Jackson Street Park for a quiet respite.
The Carnegie Art Center showcases local artists' work with galleries and exhibitions.
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Access to Mankato Area Public Schools and nearby MSU, Mankato
Students can attend schools receiving a B-plus grade from Niche in the Mankato Area district. They can begin at Washington Elementary, transition to Prairie Winds Middle and continue at Mankato East High. The high school has a 93% graduation rate, and its after-school offerings include Math League, Knowledge Bowl and Vex Robotics. For a nearby postsecondary option, Minnesota State University’s Mankato campus is less than a mile south of the Five Corners community.
Mankato East Senior High School is ranked second best public high school in Blue Earth County.
Prairie Winds Middle School is ranked second best public middle school in Blue Earth County.
Washington Elementary School has a great overall 'B' grade from Niche.
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Walking, riding and driving throughout the Mankato metro area
The Mayo Clinic Health System, one of the area’s top employers, is less than 2 miles away via Main Street. Taylor Corporation is about 3 miles away in North Mankato, and the Greater Mankato Transit System bus runs to its campus. The bus also heads out to River Hills Mall for those preferring to keep the car parked at home. Sidewalks link Five Corners to all the amenities of downtown, but because it is easy to park throughout the city, it’s just as simple to drive down the street to work, dinner or a performance.
Greater Mankato Transit System provides bus service along major routes in the Five Corners.
Mankato City Center Plaza is one of many stops on the Mankato Walking Sculpture Tour.
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Blocks from Number 4 Steakhouse and the grocery store
While walking to the office in the morning, it’s common for locals to swing by Tandem Bagels for a breakfast sandwich. Reservations at Number 4 Steakhouse, a restaurant in an early 20th-century building, make for an ideal date night with lobster bisque and New York Strips among their most ordered dishes. For groceries, the nearest option is a Hy-Vee Grocery Store, which is about half a mile away along Riverfront Drive. River Hills Mall is just over 3 miles away for more extensive shopping trips and includes national retailers like Target, Journeys and JCPenney.
Five Corners residents can enjoy classic American bar fare at Number 4 Steakhouse.
Hy-Vee is a convenient grocery option for Five Corners residents.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Christa Wolner,
an experienced agent in this neighborhood.
Parks in this Area
Jackson Street Park
Crime and Safety
1 - Low Crime, 10 - High Crime
Five Corners
US
Homicide
4
4
Sexual Assault
7
4
Assault with Weapon
5
4
Robbery
6
4
Burglary
8
4
Motor Vehicle Theft
8
4
Larceny
9
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
Five Corners Demographics and Home Trends
On average, homes in Five Corners, Mankato sell after 1 days on the market compared to the national average of 49 days. The median sale price for homes in Five Corners, Mankato over the last 12 months is $85,000, down 60% from the median home sale price over the previous 12 months.
This versatile three-bedroom single-family home comes with a rental license and no occupancy limit, making it an excellent investment opportunity. The property features a spacious lot that extends to the alley, complete with a 29x22 parking pad. The main floor boasts beautiful original oak flooring and woodwork throughout the enclosed front entry, living room, dining room, and sunroom with
Upper level with character, including a kitchen, living room, bathroom with shower. Rent includes heat, water and garbage. in one of Mankato's historic large homes. Available now. No pets. Coin-operated Washer/Dryer. One year lease converting to a month to month lease at end of one year. Rent is $700/month with 1 month to 1-1/2 month rent amount due as deposit. Tenant pays electricity,
Main Floor & Basement Unit of Duplex house located just a few blocks from Bethany College & downtown Mankato, just off Main Street. Large 3 bedroom unit with main & lower level included. Upper level unit already rented. Unit has stove, refrigerator and dishwasher and lower level washer & dryer. Tenants pay their electric & cable/internet. Smoke free. Rent includes lawn care. Tenants shovel the
Charming and historic building in a great location in downtown Mankato! Garage and other off-street parking, laundry, and tons of storage options!Available 7/1/2025! Potential for early move-in. Large 2 bedroom 1 bathroom apartment in small apartment building. Includes garage parking, on-site laundry, and patio! You can't beat this location! Quick access to hilltop via Main Street. Just
Interested in learning more about homes in this area?
Reach out to
Christa Wolner,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
931
Median Age
32
Population Density
11 ppl/acre
Population under 18
18.5%
Below the national average
23.8%
Population over 65
14%
Below the national average
19.1%
Finances
Median Household Income
$38,589
Significantly below the national average
$71,702
Average Household Income
$56,342
Education and Workforce
High School Graduates
97.3%
Above the national average
89.1%
College Graduates
30.2%
Advanced Degrees
13.1%
% Population in Labor Force
71.7%
Above the national average
65.1%
Weather
Annual Precipitation
34''
Average Winter Low Temperature
6°F
Average Summer High Temperature
82°F
Annual Snowfall
43''
Area Factors
Bikeable
Bike Score®
56/ 100
Very Walkable
Walk Score®
81/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
