The story of this market
The typical home in Mille Lacs County, Minnesota sells for about $375,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. Over the long run, values in this county have grown 127% since 2000. Last year 6 of 7 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,124 a month.
HUD sets the fair market rent for a 2-bedroom at $1,124 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+5.7%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+14.4%). Worst: 2010 (-13.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,351
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+5.7%
2025 change
FHFA repeat-sales index, median of 7 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
60
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $11,261,511.
Mortgage activity
Home lending in this county
80.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1453 | 795 | 80.2% | 10.1% | $175,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Mille Lacs County, Minnesota
The Mille Lacs County housing market shows steady growth with a median sales price of $375,000 and a moderate inventory level. Demand remains supported by local employment stability and the area's appeal for recreational living, though rising interest rates continue to influence buyer activity.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 6 ZIP reports
Median prices moved up 0.0% year over year.
Homes spend a median of 66 days on market with 0.0 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 0.22% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 10.4% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 3 researched ZIP reports of 6 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Mille Lacs County, Minnesota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Oct 1
researched Sep 18
researched Sep 23
researched Sep 23
researched Sep 23
researched Sep 23
| 55371 | New Prague | $325,000 | $185 | +2.5% | 68 | 98.5% | 12% | 4.2 | 78 | $975 | researched Oct 1 |
| 55398 | Zimmerman | $539,885 | $204 | +14.3% | 85 | — | — | — | 175 | $1,250 | researched Sep 18 |
| 56329 | Foley | $315,000 | $168 | +2.1% | 42 | 98.2% | 12.5% | 3.4 | 48 | $1,072 | researched Sep 23 |
| 56342 | Isle | $310,753 | $168 | +2.1% | 62 | 97.2% | 12.5% | 3.4 | 48 | $814 | researched Sep 23 |
| 56353 | Milaca | $229,600 | $130 | — | 66 | — | 25% | — | 20 | $858 | researched Sep 23 |
| 56359 | Onamia | $325,000 | $178 | +4.2% | 84 | 97.5% | 12% | 5.2 | 42 | $863 | researched Sep 23 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Mille Lacs County remain generally lower than the state average, with rural areas experiencing minimal reported violent crime. Law enforcement activity is primarily focused on property-related incidents and traffic safety along major corridors.
The county is served by several independent school districts that generally maintain stable performance ratings, with community-focused programming and smaller class sizes compared to metro-area districts.
The county faces standard regional risks including severe summer storms and winter weather impacts, with flood risk primarily concentrated near the Mille Lacs Lake shoreline and river basins.
Economic momentum is driven by tourism, manufacturing, and public sector employment, with ongoing efforts to expand broadband infrastructure and support small business development across the county's municipalities.
Property taxes are assessed at the county level based on market value, with rates determined by local school district, city, and township levies. The county offers various homestead exemptions and property tax relief programs for qualifying residents.
The economy is anchored by tourism, particularly around Mille Lacs Lake, alongside a mix of manufacturing, healthcare, and government services.
Transportation is primarily served by U.S. Highway 169, which acts as the main north-south corridor connecting the county to the Twin Cities metro area.
The county assessor's office conducts annual property valuations based on market sales data and physical inspections to ensure equitable tax distribution.
The county is served by various school districts and watershed management organizations that oversee local utility and environmental planning.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for residential and commercial properties.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
One of Minnesota's largest lakes, offering world-class walleye fishing, boating, and year-round recreational activities.
Features sandy beaches, hiking trails, and camping facilities along the shores of Mille Lacs Lake.
Provides scenic opportunities for kayaking, canoeing, and fishing throughout the county.
Data retrieved from U.S. Census Bureau QuickFacts and Census Reporter.
applies when — Parcels designated as condominium units
Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units.
Minnesota Statutes 515A.1-105
applies when — Property containing a homestead subject to foreclosure
The mortgagor has the right to designate a portion of the property as a homestead to be sold and redeemed separately, provided it conforms to local zoning and is compact.
Minnesota Statutes 582.041
Allows non-judicial foreclosure. Requires notice of sale to be mailed to the mortgagor at least 14 days before the sale date and published in a newspaper. Mortgagors have specific redemption rights following the sale.
Minnesota Statutes Chapter 580
Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.25% for value exceeding $500,000.
2021 Classification Rate Table, Minnesota Department of Revenue
≈ $3,750/yr on a $375,000 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.