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, offering a blend of suburban-rural charm with downtown proximity. 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 neighborhood is served by the highly rated Franklin Elementary School, Prairie Winds Middle School, and Mankato East High School. 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 Grocery Store 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 6.5 miles away, with more extensive flight options available in Minneapolis-St. Paul, 78 miles from the neighborhood.
Home Trends in The Prairie, MN
On average, homes in The Prairie, Mankato sell after 13 days on the market compared to the national average of 70 days. The median sale price for homes in The Prairie, Mankato over the last 12 months is $415,000, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$415,000
Median Single Family Sale Price
$2,000,000
Median 2 Bedroom Sale Price
$415,000
Average Price Per Sq Ft
$383
Number of Homes for Sale
2
Last 12 months Home Sales
5
Median List Price
$595,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-30%