79 / 100

Blue Earth County, MN

Mankato

RANK #211 / 996 NAT  ·  #3 / 18 MN  ·  POP 69,022

1YR FORECAST: +2.1%

5YR OUTLOOK: +32%

Our model projects above-average housing market growth for Blue Earth County at +2.1% over the next year.

[01] Why Blue Earth County?

Blue Earth County, Minnesota, stands out for its namesake, the Blue Earth River, known for its distinctive blue-green clay that once drew French explorers. Located in south-central Minnesota, with Mankato as its county seat, the area is about an hour and a half drive south of Minneapolis. The community offers a blend of agricultural landscapes and natural beauty, including numerous rivers, over 30 lakes, and wooded bluffs, providing opportunities for outdoor recreation like hiking and camping. Commutes within the county are generally manageable, with several transit options available, including a dial-a-ride service connecting its various towns.

Life in Blue Earth County offers a quieter pace, appealing to families and those seeking a close-knit community. Public schools in the county are generally well-regarded. The economy is diverse, with agriculture remaining a core industry, particularly in hog, corn, and soybean production. Beyond agriculture, the county serves as a regional center for education, healthcare, and manufacturing. Recent economic developments include investments in energy efficiency across county facilities and broader initiatives to support local businesses and housing.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+5.7%

Well above national median

Home Prices
+4.5%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Taylor Corporation Manufacturing
    2,500+
  2. 2
    Mayo Clinic Health System Healthcare
    1,000+
  3. 3
    Minnesota State University, Mankato Education
  4. 4
    Blue Earth County Government Government
    250+
  5. 5
    Johnson Outdoors Manufacturing
  6. 6
    E.I. Microcircuits Manufacturing
  7. 7
    City of Mankato Government
  8. 8
    Jack Link's Manufacturing
    100+
  9. 9
    Minnesota Valley Action Council Other
  10. 10
    South Central College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Blue Earth County U.S. National

The Numbers

DEMOGRAPHICS
Population
69,022
+0.65% YoY
Median Household Income
$70,906
Median Home Value
$239,200
+4.5% 12mo
Median Rent
$1,007
Average Annual Pay
$56,997
+3.6% YoY
Employment
41,255
+2.5% YoY
Income-to-Home-Value
0.2964
More affordable than average
Migration Inflow
7.62%
of pop. from another state
Bachelor's Degree+
35.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2024)
271
Single-Family Permits
81

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.3
per 100K · nat avg 6.3
Firearm Fatalities
7.3
per 100K · nat avg 14.8
Injury Deaths
66.0
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$599M
TOTAL
PROJECT AMOUNT STATUS
Wilmarth - Fieldon 345.0kV Solar Project
None
$299M Planned
AAIM Minnesota 1 Data Center Expansion
AAIM Data Centers
$150M Under Construction
SunStar Solar Project (Verona Township)
Invenergy Solar
$150M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +5.7% 89 percentile
Population Growth +0.7% 59 percentile
Income Growth +9.1% 65 percentile
Vacancy Rate 1.3% 33 percentile
Home Price Change +4.5% 87 percentile
Rent Growth +11.6% 98 percentile
Price/Rent 15x 36 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Blue Earth County, MN a good place to move to?

With a Boom Town Index score of 79/100, Blue Earth County sits in the upper half of all 996 ranked counties. Employment is expanding at +2.5%, and median household income stands at $70,906 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MN.

Is Blue Earth County affordable?

Housing in Blue Earth County is roughly in line with national affordability norms. The median home costs $239,200 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,007/month. Not a bargain, but not a stretch for most local earners either.

Is Blue Earth County growing or shrinking?

Blue Earth County is growing on multiple fronts. Population is up +0.7% year-over-year while employers added jobs at a +2.5% clip — and home values reflect that momentum, rising +4.5% over the past 12 months.

Are people moving to Blue Earth County?

In significant numbers — 7.62% of Blue Earth County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Sherburne County, MN 80 St. Louis County, MN 76 Crow Wing County, MN 75 Clay County, MN 71 Otter Tail County, MN 88 Chisago County, MN 70 Creek County, OK 79 Jessamine County, KY 79