The story of this market
The typical home in Mille Lacs County, Minnesota sells for about $314,000, or $207 per square foot.
Prices are up +4.7% 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 Approval rate is approved ÷ decided (withdrawn and incomplete files excluded).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
Mille Lacs County exhibits a balanced housing market with moderate price appreciation and a stable inventory level. The market is driven by steady demand and limited supply, resulting in a healthy sale-to-list ratio.
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: median price diverges 14.7% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 4 cities · 7 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 4.2% · poverty 9.8% — a stable, low-distress profile.
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 6.6%/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 | Princeton | $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.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: 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. State (Minnesota) — Minnesota General Property Tax Classification System: 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.
The county economy is supported by sectors including construction, finance, and public administration.
Data retrieved from Census Reporter and QuickFacts.
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
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
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
≈ $3,140/yr on a $314,000 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.