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The Prairie Homes for Sale

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  • /24

    $187,000

    $13K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,114 Sq Ft

    129 W Ruth St, Mankato, MN 56001

    Tucked away on a cul-de-sac in the heart of Mankato, this rare and versatile investment opportunity is packed with character, space, and endless potential! Situated on TWO parcels, this expansive 4 bedroom, 2 bathroom property offers an incredible blend of charm and functionality with soaring tall ceilings, spacious rooms, and abundant natural light throughout. The home features updated

    Zoe Anderson TRUE REAL ESTATE

    129 W Ruth St, Mankato, MN 56001
  • /6

    $199,800

    • 2 Beds
    • 2 Baths
    • 884 Sq Ft

    7th 7th Ave, Mankato, MN 56001

    Investment opportunity in Mankato! This duplex offers strong income potential and endless possibilities for the right buyer. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or renovate and increase value, this property is full of opportunity. Each unit provides functional living space with the chance to add your own updates and improvements.

    Candee Deichman CENTURY 21 ATWOOD

    7th 7th Ave, Mankato, MN 56001
  • /8

    $199,800

    • 3 Beds
    • 2 Baths
    • 1,714 Sq Ft

    2005 7th Ave, Mankato, MN 56001

    Investment opportunity in Mankato! This duplex offers strong income potential and endless possibilities for the right buyer. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or renovate and increase value, this property is full of opportunity. Each unit provides functional living space with the chance to add your own updates and improvements.

    Candee Deichman Century 21 Atwood

    2005 7th Ave, Mankato, MN 56001
  • /32

    $154,900

    • 2 Beds
    • 1 Bath
    • 786 Sq Ft

    2018 7th Ave, Mankato, MN 56001

    Enjoy affordable one-level living in a quiet Mankato neighborhood. This 2-bedroom home features durable architectural roofing shingles, low-maintenance vinyl siding, and energy-efficient vinyl windows. Convenient main-level laundry adds to the home's ease of living, while the forced-air natural gas furnace and central air conditioning provide year-round comfort. Don't miss this excellent

    Bryan Cox True Neighbor Realty

    2018 7th Ave, Mankato, MN 56001

Why Live in The Prairie

The Prairie neighborhood in Mankato is a triangular area bordered by the Minnesota River, U.S. Route 14 and North River Front Drive. The community features spacious lawns, quiet streets and a mix of industrial, commercial and residential buildings. Homes in The Prairie include red brick colonials, ranch-style homes, new traditional houses and cottages, typically situated on larger properties than those found downtown. The well-rated Franklin Elementary, Prairie Winds Middle and Mankato East High serve the neighborhood. Residents enjoy local attractions such as River Front Park, which offers views of the Minnesota River, a canoe launch, playgrounds, hiking trails and the Vetter Stone Amphitheater, known for its summer live music performances and events like RibFest. Columbia Park provides a smaller community space with playground equipment and picnic tables. The Mankato Makerspace, located centrally, offers adult education classes in various crafts. Dining options include Pappageorge Restaurant & Bar and Mom and Pop’s ice cream shop, while Lakota Made LLC and Hy-Vee cater to shopping needs. Though public transportation is limited, the Mankato Transit System has bus stops nearby, and the Minnesota River Trail offers a scenic route for cyclists. The Mankato Regional Airport is about 7 miles away, and more extensive flight options are available at Minneapolis-St. Paul International Airport, 78 miles from the neighborhood.

Frequently Asked Questions

Is The Prairie a good place to live?
The Prairie is a good place to live. The Prairie is considered very car-dependent and bikeable with minimal transit options. The Prairie is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. The Prairie has 4 parks for recreational activities. It is sparse in population with 2.0 people per acre and a median age of 36. The average household income is $87,132 which is below the national average. College graduates make up 32.7% of residents. A majority of residents in The Prairie are home owners, with 43% of residents renting and 57% of residents owning their home. A local real estate agent serving The Prairie can help you decide if this neighborhood is the right one for you. Learn more on our The Prairie neighborhood guide.
Is The Prairie, MN a safe neighborhood?
The Prairie, MN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in The Prairie?
The median home price in The Prairie is $199,900. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.48%, your estimated principal and interest payment would be $1,010 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $43K a year to afford the median home price in The Prairie. Learn how much home you can afford with our Home Affordability Calculator. The average household income in The Prairie is $87K.
What are the best public schools in The Prairie?
The best public schools that serve The Prairie are:
What are the best private schools in The Prairie?
The best private schools that serve The Prairie are:
What are the most popular zip codes in The Prairie, Mankato, MN?
The most popular zip codes in The Prairie, Mankato, MN include 56001, 56003, 56082, 56050 and 56024.
What are the most popular neighborhoods near The Prairie, Mankato, MN?
The most popular neighborhoods near The Prairie, Mankato, MN are Tourtellotte Park, Franklin Rogers Park, Washington Park, Country Club Estates and Five Corners.
Are home prices dropping in The Prairie?
Yes, home prices in The Prairie are down 9% in the last 12 months.

The Prairie Home Prices vs. Nearby Mankato, MN Neighborhoods

The Prairie Riverfront Park Five Corners Tourtellotte Park
Median Home Price
$199,900
$228,775
$227,000
$257,450
Median Sale Price
$201,950
-1% YoY
$220,000
+35% YoY
$240,000
+182% YoY
$219,900
+2% YoY
Median Single Family Price
$199,900
$220,000
$209,900
$239,950
Total Active Listings
3
1
1
0
Market Conditions
2 Months
Seller's Market
2 Months
Seller's Market
12 Months
Buyer's Market
0 Months
Seller's Market
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