ZIP Code 56001

In ZIP code 56001, which covers Mankato, the median home value sits at $276,700, and the county-level effective property tax rate of 0.97% works out to roughly $2,684 a year in property taxes on a home at that price. With median household income at $69,531 and per-capita income at $35,795, that yearly tax bill equals about 3.9% of household earnings. Sales tax in the area totals 7.88%, adding to everyday costs. Buyers weighing a purchase here should factor both the property tax load and the sales tax into their overall housing budget.