56003 — North Mankato, MN Home Values
Typical home value $331,363 as of June 2026 · 5th of 22 in Mankato, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 56003, June 2021 to June 2026. This page shows observed data only; no forecast.
How 56003 compares in the Mankato, MN area
ZIP code 56003 (North Mankato, MN) has a typical home value of $331,363 as of June 2026, ranking 5th of 22 ZIP codes tracked in the Mankato, MN area, more expensive than about 82% of ZIP codes in the metro. Prices here have moved +4.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.5%, from $255,826 in June 2021 to $331,363 in June 2026. Against observed rent, the typical home here sells for 22.5× the annual rent ($1,225/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Mankato, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Mankato.
Population and demographics
ZIP code 56003 has a population of 15,319, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 88.2% White, 4.5% two or more races, 3.9% Hispanic or Latino, 1.7% Black or African American, 1.6% Asian, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Socrates Online | 2075 LOOKOUT DR, NORTH MANKATO, MN | 2.6 mi |
| Futures Sun | 2077 LOOKOUT DR, NORTH MANKATO, MN | 2.6 mi |
| Dakota Meadows Middle School | 1900 HOWARD DR, NORTH MANKATO, MN | 3.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 56003?
$331,363 as of June 2026, the latest month Zillow has published observed data for.
Is 56003 an expensive ZIP code in the Mankato, MN area?
56003 ranks 5th of 22 ZIP codes in the Mankato, MN area by typical home value, more expensive than about 82% of ZIP codes in the metro.
How much have home values in 56003 changed over the past year?
+4.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 56003?
The typical home price is 22.5× the observed annual rent in this ZIP code ($1,225/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 56003?
15,319, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 56003?
Socrates Online (2.6 mi), Futures Sun (2.6 mi), Dakota Meadows Middle School (3.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 56003?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Mankato, MN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.