Why Live in Five Corners
Five Corners in downtown Mankato is a neighborhood rich in arts and culture, featuring sculptures along the sidewalks and live performances at the Mayo Clinic Health System Event Center. The area has seen revitalization over the past decade, blending modern businesses with historical charm, such as the Blue Earth County Historic Courthouse on Fifth Street. Home styles in Five Corners include Victorian, Queen Anne, and Craftsman, with many single-family homes priced below the median for Blue Earth County. The neighborhood is well-connected, with sidewalks linking residents to downtown amenities and easy parking options. Schools in the area are highly rated, with students attending Washington Elementary, Prairie Winds Middle, and Mankato East High, which boasts a 93% graduation rate and various after-school programs. Local attractions include the Mankato Symphony Orchestra, Carnegie Art Center, and Blue Earth County Library, offering a variety of cultural experiences. For outdoor activities, Jackson Street Park and Malda Farnham Park provide green spaces, while Mount Kato's ski slopes are just 3 miles away. Essential services and shopping are conveniently located, with a Hy-Vee Grocery Store half a mile away and River Hills Mall just over 3 miles distant. Major employers like the Mayo Clinic Health System and Taylor Corporation are within a short drive, and the Greater Mankato Transit System offers bus routes to key destinations. Safety in Five Corners is comparable to the national average, making it a practical and vibrant place to live.
Frequently Asked Questions
Is Five Corners a good place to live?
Five Corners is a good place to live. Five Corners is considered fairly walkable and bikeable. Five Corners has 1 park for recreational activities. It is somewhat dense in population with 10.8 people per acre and a median age of 32. The average household income is $56,342 which is below the national average. College graduates make up 30.2% of residents. A majority of residents in Five Corners are renters, with 71.8% of residents renting and 28.2% of residents owning their home. A
local real estate agent serving Five Corners can help you decide if this neighborhood is the right one for you. Learn more on our
Five Corners neighborhood guide.
How much do you need to make to afford a house in Five Corners?
The median home price in Five Corners is $157,450. If you put a 20% down payment of $31,500 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $780 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Five Corners. The average household income in Five Corners is $56K.
What are the best public schools in Five Corners?
The best public schools that serve Five Corners are:
What are the best private schools in Five Corners?
The best private schools that serve Five Corners are:
What are the most popular zip codes in Five Corners, Mankato, MN?
What are the most popular neighborhoods near Five Corners, Mankato, MN?
Are home prices dropping in Five Corners?
Yes, home prices in Five Corners are down 67% in the last 12 months.
Home Trends in Five Corners, MN
On average, homes in Five Corners, Mankato sell after 1 days on the market compared to the national average of 52 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.
Median Sale Price
$85,000
Median Single Family Sale Price
$157,450
Average Price Per Sq Ft
$65
Number of Homes for Sale
1
Last 12 months Home Sales
1
Median List Price
$157,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-60%