The story of this market
The typical home in ZIP 56342 sells for about $310,753, or $168 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $814 a month.
ZIP 56342 — Isle
The housing market in Isle (56342) remains stable, characterized by low inventory and steady demand from recreational buyers. Prices have seen modest year-over-year growth, reflecting the area's appeal as a lake-focused destination rather than a high-growth commuter hub.
This ZIP is ideal for outdoor enthusiasts, retirees, and those seeking a quiet, lake-adjacent lifestyle, as it offers limited employment density but high recreational value.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 3.4 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.3% · poverty 12.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 56342, Mille Lacs County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Isle area remain low and are generally consistent with rural central Minnesota trends, showing no significant volatility.
Schools serving the area are part of the Mille Lacs County regional system, generally characterized by small class sizes and community-focused educational environments.
The area faces standard regional risks including seasonal severe weather and potential flooding near Mille Lacs Lake, with insurance premiums reflecting these environmental factors.
Economic momentum is driven by tourism, seasonal recreation, and local service industries, with limited large-scale industrial development.
Property taxes are assessed at the county level in Mille Lacs, with rates determined by local school district levies and municipal requirements; no special MUD/PID districts are prevalent.
Commutes are primarily car-dependent, with residents traveling to regional employment hubs like Milaca or Princeton via state highway corridors.
The ZIP is anchored by proximity to Mille Lacs Lake, offering extensive fishing, boating, and ice-fishing opportunities, alongside local parks and trail systems.
The rental market is tight due to limited inventory, with seasonal demand from tourism and short-term rental activity impacting availability for long-term residents.
The local economy is heavily reliant on the tourism and hospitality sectors, supported by the recreational appeal of Mille Lacs Lake.
Transportation is almost exclusively via private vehicle, with State Highway 47 serving as the primary artery for regional connectivity.
Development is largely focused on maintaining existing infrastructure and supporting small-scale commercial growth near the lakefront.
Mille Lacs County Assessor manages property valuations, with assessments conducted annually to reflect market changes.
Parcels are served by local school districts and county-level utility and emergency service districts.
Property insurance premiums are influenced by proximity to water and the potential for wind-related damage, remaining stable but sensitive to regional hazard trends.
Minnesota is a judicial foreclosure state with specific statutory redemption periods for homeowners.
Sellers are required to provide a comprehensive disclosure statement regarding the physical condition of the property at the time of sale.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional destination for fishing, boating, and year-round outdoor recreation.
Provides hiking trails, camping, and beach access on the shores of Mille Lacs Lake.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.