A typical Rapidan home is worth roughly $311,000
A typical home costs 3.4 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Rapidan home, with $51K to spare.
A two-bedroom rents for about $1,120 a month here, $720 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Rapidan’s typical property tax (0.81% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,120
Renters already here pay a median of $906, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mankato, MN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
86% of Rapidan households own their home
Half of Rapidan’s homes were built before 1973.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Rapidan vs. its neighbors
Rapidan is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rapidan | $311K* | — | $1,120 | — | $91,667 |
| Decoria | $383K* | +3.6%† | $1,240 | — | $124,063 |
| South Bend | $260K* | +3%† | $1,260 | — | $87,500 |
| Garden City | $286K | +7.4% | $1,060 | — | $85,469 |
| Mankato | $305K | +1.6% | $1,300 | 0 | $113,269 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Rapidan buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.